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☆ Historic bitcoin theft tied to Connecticut kidnapping, luxury cars, $500K bar bills
▼ + stars: | 2024-10-17 | by ( Dan Mangan | ) www.cnbc.com time to read: +12 min

To date, at least $100 million in bitcoin stolen from the victim remains unaccounted for, prosecutors said in a recent court filing in D.C federal court. Zoom In Icon Arrows pointing outwards United States District Court for the District of ColumbiaThe schemers then duped the man into downloading a program onto his computer to protect his Gemini holdings. "Serrano was eventually able to manipulate the victim into opening files with private keysto over 4,100 Bitcoin," the court filing said. The schemers then used "sophisticated money laundering techniques to hide the proceeds and mask their identities," a court filing alleges. "To date, approximately $70,000,000 has been recovered or frozen on various exchanges," prosecutors wrote in a court filing.

Persons: Jakub Porzycki, —, I've, Steven Castrovinci, Castrovinci, — Malone Lam, Jeandiel Serrano —, Serrano, Paulette Pagan, Lam, Malone Lam, Columbia Lam, Anne Hathaway, Lamborghini, Pagani, Serrano's, Lamborghini Urus, van, Matthew Loucks, Loucks, Rick, Swatting Organizations: NurPhoto, Getty, D.C, Police, Police Department, CNBC, Lamborghini, Danbury Police, Attorney's, District of Columbia, FBI, Gemini, United States, Court, Prosecutors, District, Management, Honda Locations: Washington, cryptocurrency, Connecticut, Danbury , Connecticut, Danbury, Florida, U.S, Los Angeles, Singapore, L.A, Miami, United States, Encino , California, Maldives, Columbia

☆ Mark Zuckerberg just turned Porsche's minivan concept into a reality. Sort of.
▼ + stars: | 2024-10-07 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +4 min

Chan's car was retrofitted into what's likely the only Porsche minivan in existence. AdvertisementMark Zuckerberg's garage just got an update: a Porsche 911 GT3 with a touring package and, for his wife, Priscilla Chan, a Porsche Cayenne Turbo GT … minivan? Priscilla wanted a minivan, so I've been designing something I'm pretty sure should exist: a Porsche Cayenne Turbo GT Minivan," he wrote. "Threw in a manual GT3 Touring to make it his and hers." Before options, the 911 GT3 Touring cost $164,650, he wrote.

Persons: Mark Zuckerberg, Porsches, Priscilla Chan, —, Mark Zuckerberg's, Priscilla, Zuckerberg, Justin Bieber, Shaquille O'Neal, Angus Fitton, Fitton, West Coast Customs spokespeople, Chan, Pagani Organizations: Porsche, Service, Porsche Cayenne, Porsche Cayenne Turbo GT, West Coast Customs, Turbo, Acura TSX, Honda, Business, BI Locations: California, Italian

☆ I'm an American mom living in Spain. When we visit the US, my son is surprised by the 'fancy' cars and how sugary breakfast is.
▼ + stars: | 2024-10-03 | by ( Jennifer Fernández Solano | ) www.businessinsider.com time to read: +6 min

He's surprised by how much junk food and sugary breakfast options there are in the US. AdvertisementThis as-told-to essay is based on a conversation with Jennison Grigsby, an American mom and yoga teacher who lives in Valencia, Spain. Related storiesLiving in Spain, he's used to seeing buses in front of our house every day, and we often take the bus together. Luca's usual breakfast in Spain is fruit and sometimes cereal, but not the sugary kinds I had growing up in the US. Plus, getting out of that cold water and feeling freezing isn't something he's used to, especially compared to the warm, inviting beaches in Spain.

Persons: Luca, He's, —, Jennison Grigsby, It's, we've, he's, There's Organizations: Service, Ford, Ferraris Locations: American, Spain, Valencia, Los Angeles, California

☆ Nvidia has more than just billions of dollars in value to lose if its stock keeps falling
▼ + stars: | 2024-09-05 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

New York CNN —Nvidia, the nearly $3 trillion AI chip maker, is well known as a “golden handcuffs” employer. It’s worked especially well for Nvidia, a 30-year-old tech company whose specialized chips now account for 90% of AI-related chip sales. Since 2019, Nvidia’s stock has soared 3,000% — minting millionaires among its rank and file. Things got worse for Nvidia on Tuesday, when shares fell 9.5%, wiping $279 billion off its value. As my colleague David Goldman noted, only 27 companies on Earth are worth as much as Nvidia lost on Tuesday.

Persons: CNN Business ’, It’s, Jensen Huang, Per, David Goldman Organizations: CNN Business, New York CNN, Nvidia, Bloomberg, Santa, Per Bloomberg, Wall, Google, Competition Locations: New York, ”

☆ This woman made up to $110,000 a year as a nanny for the ultra-rich. Here's what she learned from the job
▼ + stars: | 2024-08-24 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +10 min

In Kiser's final year as a nanny during the pandemic, she estimates she took home about $110,000. CNBC spoke with Kiser about some of the financial lessons she learned during her time as a nanny, and why she ultimately left the role. Stephanie Kiser: I read "The Nanny Diaries" when I started my first job. SK: A contract as a nanny is important because there's no human resources; there's no laws protecting you. It seems like nannying work can have a low barrier to entry, with salary growth potential, but then there are all these other risks.

Persons: Stefanie Kiser, Jillian Rahn, Stefanie Kiser Stephanie Kiser, Tim Walz, Kiser, Scarlett Johansson, James Devaney, Ana Teresa Solá, Stephanie Kiser, nannying, I'm, Nannies, nannies, they've, who've, There's, weren't Organizations: Upward Mobility, Mercedes, Hamptons, Finance, CNBC, Upper, Wireimage, Getty, SK, New, Domestic, ATS, Pew Research Center Locations: New York City, America, New York City , New York, United States, New York

☆ 'Quiet wealth' takes on new meaning with super-private deals for mansions, art and classic cars
▼ + stars: | 2024-05-17 | by ( Robert Frank | ) www.cnbc.com time to read: +6 min

While public auction sales are declining in the art world, private sales — done behind closed doors between discreet buyers and sellers — are growing. Classic cars are also seeing a shift to private sales, especially with the most expensive and rare models. But its newly formed RM Sotheby's private sales division has seen its sales more than quadruple over the past four years, according to Shelby Myers, global head of private sales for RM Sotheby's. The rise in private sales for classic cars, art, real estate and other markets is being driven by social media, technology and cooling prices for collectibles. "They're leaving money on the table," said real estate broker Noble Black of Douglas Elliman.

Persons: Robert Frank, Phillips, Christie's, Mark Rothko, Ken Griffin, Ferraris, Shelby Myers, We've, Myers, Patrick Dovigi's, Steve Wynn, Thomas Peterffy —, Douglas, Ernie Carswell, Carswell, He's, Noble Black, Douglas Elliman Organizations: Christie's, CNBC, Sotheby's, Hamptons, Malibu , Bel Air, Beverly Locations: Sotheby's, Christie's, Manhattan, Malibu, Aspen, Palm, Manhattan's Greenwich, Palm Beach, Los Angeles, New York, Eastern, Palm Springs, Malibu ,

☆ European police seize Lamborghinis and Rolexes over alleged $650M Covid-19 fraud
▼ + stars: | 2024-04-04 | by ( Christian Edwards | Sharon Braithwaite | ) edition.cnn.com time to read: +2 min

CNN —Police have arrested 22 people and seized assets worth more than €600 million ($650 million) in connection with alleged fraud linked to the European Union’s post-pandemic recovery fund. The alleged fraud is likely to renew concerns about the misuse of the EU’s €800-billion recovery fund to help revive the bloc’s economy. The European Public Prosecutor’s Office (EPPO) said a criminal organization is suspected of running a fraud scheme between 2021 and 2023 to swindle Italy’s recovery packages. The prosecutor’s office claimed the group used cryptocurrencies, artificial intelligence and offshore cloud servers to carry out and conceal the fraud. The United States has also attempted to crack down on alleged fraud involving Covid-19 relief resources.

Persons: Lamborghinis, Cartier Organizations: CNN — Police, Prosecutor’s, Police, Public, ”, United, Small Business Administration Locations: Italy, Austria, Romania, Slovakia, United States

☆ Macy's hasn't closed 150 stores yet. But Target, Kohl's CEOs already smell opportunity
▼ + stars: | 2024-04-01 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +5 min

Those companies already count many of Macy's shoppers as their customers, according to an analysis of credit card data by Earnest Analytics. Macy's closures could put as much as $2 billion of market share up for grabs. The department store's net sales were $23.1 billion in the most recent fiscal year, and it said the 150 stores that it's closing account for less than 10% of sales. About 63% of Macy's stores have a T.J. Maxx or Marshalls within a one-mile radius, according to an analysis by Jefferies. Off-price stores also draw a similar customer, which tends to be more affluent.

Persons: Macy's, Justin Sullivan, Brian Cornell, Tom Kingsbury, Maxx, Jefferies, Ross, Earnest, Penney, Tony Spring, Corey Tarlowe, Cornell, Tarlowe, Cos, Mercedes Organizations: Getty, CNBC, Nordstrom, Earnest Analytics, Target, Abercrombie, Fitch, Home Goods, Jefferies, Toyota, Maxx Locations: San Leandro , California, United States, New York, Burlington, U.S

☆ Classic car auction site Bring a Trailer's sales hit record $1.4 billion even as prices drop
▼ + stars: | 2024-01-16 | by ( Robert Frank | ) www.cnbc.com time to read: +4 min

Total auction sales of classic cars (for both online and live auctions) fell 3% last year to $4.19 billion from $4.32 billion in 2022, according to data from Classic.com. The growth in the number of cars sold helped to offset a decline in prices. The average price of a car sold on the site fell to $54,000 in 2023 from $59,500 in 2022. Bring a Trailer's sales increased about 2% last year to over $1.4 billion from $1.35 billion in 2022, according to the company's CEO Randy Nonnenberg. Bring a Trailer sold over 30,000 cars in 2023, up 19% from 2022.

Persons: Randy Nonnenberg, Nonnenberg, Sellers, Pagani Organizations: CNBC, Ferraris, Ferrari, Porsche, Porsche Carrera, BAT Locations: —

☆ A mystery owner has just put a collection of 56 Porsches up for auction — and they're all white
▼ + stars: | 2023-10-05 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

Auction house RM Sotheby's did not disclose the collection's mystery owner. AdvertisementAdvertisementA rare collection of 56 white Porsches is heading to the auction block. Named "The White Collection," the car collector's unusual trove was announced by auction house RM Sotheby's on Tuesday. RM Sotheby's is delighted to announce The White Collection: a collection of nearly 60 rare Porsche sports cars, entirely in white. https://t.co/Mmt5dL5Jep pic.twitter.com/Yh9UxWdiec — RM Sotheby's (@rmsothebys) October 2, 2023The collection "represents over a decade of dedicated collecting by one perfection-focused owner," RM Sotheby's said.

Persons: —, Mmt5dL5Jep, Sotheby's, Barron's, Ferrari, Andreas Birner Organizations: Service, Porsche, Prix, Carrera, Sotheby's, Benz, Guinness, World Records Locations: Houston , Texas

☆ A Tesla sedan drag raced a $4 million Bugatti — the results were surprisingly close
▼ + stars: | 2023-09-20 | by ( Tim Levin | ) www.businessinsider.com time to read: +3 min

A Tesla Model S drag raced a Bugatti Chiron. The Bugatti won, but the races were surprisingly close given the cost difference between the cars. The channel pitted the sportiest Tesla you can buy — a four-door Model S Plaid with the optional Track Package — against the Bugatti Chiron Super Sport, a multimillion-dollar supercar from a brand synonymous with world-beating performance. But the results were closer than you might expect — especially given that the Model S will run you only a little over $100,000. I say "only" because the Chiron Super Sport would have cost at least $4 million when new.

Persons: Bugatti Chiron, Chiron, Bugatti, Tesla Organizations: Tesla, Bugatti, Service, Plaid Locations: Wall, Silicon, Teslas

☆ After 10 Years of My Ride, Our Writer Reveals What He Drives. Hint: It’s Not a Porsche.
▼ + stars: | 2023-08-18 | by ( A.J. Baime | Photographs Andri Tambunan For The Wall Street Journal | ) www.wsj.com time to read: 1 min

I have profiled owners of special vehicles from around the country nearly every week for the past 10 years. The one question people always ask me is: What kind of car do you drive? They expect Porsches in my garage, but no. On the 10th anniversary of My Ride, I present my family’s humble Subaru Outback, which we call Dougie.

Persons: Dougie

☆ Tesla's Supercharger Cables Are Too Short for Some Other Electric Cars
▼ + stars: | 2023-08-18 | by ( Tim Levin | ) www.businessinsider.com time to read: +4 min

Tesla began to open some of its exclusive Supercharging stations to other electric vehicles earlier this year. But the cords are designed for Teslas, meaning that owners of some other cars need to use two spaces to plug in. There's just one kink that Elon Musk hasn't ironed out: The charging cables, which were designed for Teslas, aren't long enough to comfortably accommodate some other cars. That poses a problem when other electric cars, which may have their charging ports elsewhere, try to charge up. Tesla owners sometimes experience long lines at charging stations, particularly during popular travel times.

Persons: Tesla, There's, Elon, Marques Brownlee, Electrek, Dave Conner, Conner, Tom Moloughney Organizations: Morning, EV, YouTube, Ford, Hyundai Locations: New York

☆ A massive ship carrying 3,000 vehicles is burning off the coast Netherlands — and it's spurring concerns over fire risks from EVs
▼ + stars: | 2023-07-28 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

A massive cargo ship burning off the coast of the Netherlands is igniting concerns over fire risks from electric vehicles. The Dutch Coast Guard said on its blog that 23 crew members were evacuated, but one person died. But the intensity of the fire seems to have diminished compared with yesterday," the Dutch Coast Guard said, per an AFP translation. Just 25 or less than 1% of the 2,857 vehicles on board the Fremantle Highway were electric vehicles. The Dutch Coast Guard did not immediately respond to a request for comment from Insider.

Persons: Shoei Kisen Kaisha, Nathan Habers, Bentleys — Organizations: Morning, Fremantle, Dutch Coast Guard, Reuters, Maritime, Allianz Global Corporate, Specialty Locations: Netherlands, EVs, Panama, Germany, Singapore

☆ How to win the lottery, according to a Romanian-born mathematician who hacked the system, won 14 times, and retired on a remote tropical island
▼ + stars: | 2023-07-12 | by ( Rachel Premack | Azmi Haroun | Senior Features Reporter | ) www.businessinsider.com time to read: +3 min

You might want to know how to win the lottery — especially as the Powerball jackpot jumps to a $750 million payout. Stefan Mandel, a Romanian-Australian economist, developed a formula that's allowed him to win the lottery 14 times. You're four times as likely to be struck by lightning than to win the lottery. Those odds apparently don't apply to Stefan Mandel, a Romanian-Australian economist who's won the lottery 14 times, The Hustle reported in a feature story about the mathematician. You can no longer buy lottery tickets in bulk and print your tickets at home — two key parts of Mandel's formula.

Persons: Stefan Mandel, It's, who's, Mandel's, Robert Pagliarini, Pagliarini, Mandel Locations: Romanian, Australian, Romania, Israel, Australia, Vanuatu, South Pacific

☆ 34-year-old makes up to $167 an hour nannying for the mega-rich: I could work just 2 months a year and 'be fine'
▼ + stars: | 2023-05-28 | by ( Megan Sauer | ) www.cnbc.com time to read: +4 min

When Gloria Richards isn't acting on off-Broadway stages, she travels with billionaires' kids, often whom she's never met, across the world. Richards spends half of each year nannying for the ultra-wealthy to supplement her income between off-Broadway and one-woman shows in New York City and Virginia. "What feeds me is being able to work so closely with these kids." Nannying for the ultra-wealthy isn't always about childcare: She spends most of her working hours coordinating children's educational and social calendars. She gets paid up to $2,000 per day for 12 to 15 hours of work, she says.

☆ For Diners With Deep Pockets, Dallas Is the New Dubai
▼ + stars: | 2023-05-22 | by ( Priya Krishna | ) www.nytimes.com time to read: +1 min

At this open-air shopping center in suburban Dallas, they valet-park their Porsches, sport Yves Saint Laurent handbags, flit in and out of Audemars Piguet and pause for brunch at Sadelle’s, the fancy new deli from Major Food Group in New York. Even the sugar for coffee comes to the table in tiny Le Creuset Dutch ovens. Dallas has long had a reputation for living large, an image built on oil money and the wide swaths of ranch land displayed on its namesake TV series. These companies are giving Dallas the kind of attention they’ve previously lavished on tourist playgrounds like Las Vegas and Miami. Major Food Group opened a Dallas branch of its maximalist-Italian restaurant Carbone last year, and says it has even larger ambitions in the city.

☆ After testing more than 25 electric cars, these 5 were the most fun to drive
▼ + stars: | 2023-04-27 | by ( Tim Levin | ) www.businessinsider.com time to read: +5 min

The electric Hummer, Porsche Taycan, Rivian R1T, and Pininfarina Battista are each a blast for different reasons. Kia EV6 GTThe 2023 Kia EV6 GT. Tim Levin/InsiderWarn your passengers to brace themselves before pinning it in Kia's new EV6 GT. The 2023 Kia EV6 GT. Porsche TaycanThe 2022 Porsche Taycan Cross Turismo Turbo S. Tim Levin/InsiderPorsches are renowned for their superior driving dynamics.

These kind of megadeals are at the vanguard of billions of dollars of annual spending on classic cars globally in a wave of investment in this alternative asset. "The track record of the past 30 years tells us classic cars have become a financial asset class we want our clients to have in their portfolios." [1/5] A general view of the classic car collection of Florian Zimmermann, owner of over 300 classic cars, in a warehouse in Lindau, Germany, April 5, 2023. "Electrification will favour classic cars," said Cristiano Bolzoni, head of Maserati's vintage car unit Maserati Classiche. "The classic car community has changed tremendously over the past five to 10 years," Zimmermann said.

EV made up almost 12% of all car sales in Singapore last year, up from almost 4% in 2021, according to the Land Transport Authority. Still, EVs represented just 1% of cars on the road, a Reuters analysis of ownership data found. In Singapore, a small island with an extensive public transport system, only about 12 cars are owned per 100 people. Over the past decade, the number of Ferraris (RACE.MI) in Singapore has grown by 67% and Lamborghinis by 38%. ($1 = 1.3264 Singapore dollars)Reporting by Xinghui Kok; additional reporting by Kevin Krolicki; Editing by Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

☆ Tesla opening its Supercharger network to rivals could be a brilliant marketing move from a company that famously doesn't advertise — with one big risk
▼ + stars: | 2023-03-17 | by ( Tim Levin | ) www.businessinsider.com time to read: +4 min

Tesla plans to open 3,500 of its fast-charging plugs to all electric-car owners by the end of 2024. Until now, Tesla's Supercharger network was only for Tesla owners in the US. According to Loren McDonald, CEO of EV industry consultancy EVAdoption, the Supercharger network serves as Tesla's single biggest marketing tactic. Sam Abuelsamid, an auto industry analyst at Guidehouse Insights, agrees that expanding Supercharger access could help Tesla sell more cars. Analysts see another risk: A boom in demand for limited charging stalls could frustrate Tesla owners by crowding popular stations.

☆ A look inside a $22.5 million Miami condo with insane luxury amenities
▼ + stars: | 2023-03-09 | by ( Ray Parisi | ) www.cnbc.com time to read: +12 min

Turnberry Ocean Club ResidencesInside the Sky Club's fitness center where the treadmills come with impressive views. Turnberry Ocean Club ResidencesOutdoor sunset lounge Turnberry Ocean Club ResidencesAlso up on 32nd floor is a so-called dog retreat where lucky pooches can take in the ocean views and relieve themselves. Turnberry Ocean Club Residences / Leo DiazThe kitchen includes three islands and comes equipped with custom Italian-made cabinetry and high-end German appliances. A rendering of one of the Turnberry Ocean Club Residences' beach front cabanas. Turnberry Ocean Club Residences

☆ There's one big problem with Tesla's plan to open its exclusive Supercharger network: The cords aren't long enough for other EVs
▼ + stars: | 2023-03-08 | by ( Tim Levin | ) www.businessinsider.com time to read: +4 min

Tesla opened up some of its exclusive Supercharging stations to rival electric vehicles. But the cords are designed for Teslas, meaning that owners of some other cars need to use two spaces. Early this month, Tesla opened a handful of its roughly 1,700 US charging stations to non-Tesla vehicles. (Tesla designed its own charging connector, while the rest of the industry uses a different standard.) Tesla owners sometimes experience long lines at charging stations, particularly during popular travel times.

☆ Ex-Bon Appétit editor Marissa Ross says the wine world ruined her. Now she's back and ready to give it hell.
▼ + stars: | 2023-02-23 | by ( Anna Silman | ) www.businessinsider.com time to read: +40 min

Her rise was tied to a period of reinvention for the wine world during which natural wine conquered millennial taste buds and became ubiquitous on menus across the US. Marissa Ross, Bon Appétit's wine editor from 2016 to 2020, often posted pictures of herself chugging straight from the bottle — a technique she called "The Ross test." "Natural wine," a nebulous term that generally refers to wine made with minimal intervention and without additives like sulfites, was tentatively entering the American wine world. Many in the wine world took the idea that you didn't have to be educated to know about wine as a personal insult. When she first told BA that she planned to cover only natural wines, Ross said, Rapoport called to try to change her mind.

☆ VW to speed up electric shift in five-year plan
▼ + stars: | 2023-02-10 | by ( ) www.reuters.com time to read: +2 min

BERLIN, Feb 10 (Reuters) - Volkswagen (VOWG_p.DE) will speed up its shift to electric cars and revamp its software strategy in a five-year investment plan presented by management to the supervisory board on Friday, the automaker said in a statement. Bosses discussed how to rejig the German group's production network to accelerate the move to cleaner driving, the statement said, without elaborating. Full details of what was discussed will be presented at the company's annual media conference on March 14. A spokesperson for the works council denied the Handelsblatt report, saying jobs in Hannover were guaranteed under an agreement with the company until 2029. Reporting by Jan Schwartz; Writing by Victoria Waldersee; Editing by Jan Harvey and Mark PotterOur Standards: The Thomson Reuters Trust Principles.

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