Yes, that is correct. Former Jacksonville Jaguars ticket sales executive Michael English was charged in 2019 with wire fraud for allegedly stealing more than $22 million from the team to fund a luxury shopping spree for himself and several family members. The spree allegedly included the purchase of a $1.2 million condo in Florida, a $240,000 lease on a Bentley Bentayga, $Breakfast at Tiffany’s and Rolls Royce Ghost, and a set of golf clubs. English is awaiting trial on the charges.
Prosecutors in the trial of Sam Bankman-Fried have compared defense arguments to the 1994 comedy “Dumb and Dumber.” The analogy was made in response to the defense’s claims that Bankman-Fried was not aware that he was accused of misusing investor funds. The prosecutors argued that Bankman-Fried’s attempts to paint himself as unaware of the facts […]
UAW autoworkers voted to approve a new four-year contract with U.S. automakers, according to a statement from the union published late Monday. The contract, which will impact more than 156,000 workers, was reached over the weekend and requires final ratification by all three automakers. It includes pay increases, new pension plans for veteran autoworkers, and […]
WeWork, the office-sharing company once valued at $47 billion, filed for bankruptcy protection on Thursday. The company, which rents desks and office space to small businesses, startups, and freelancers, lists $7 billion in liabilities, including outstanding debt of $4.6 billion. The filing came after SoftBank, WeWork’s largest investor, pulled its offer of a $3 billion […]