Key Takeaways In 2021, Joanna Smith-Griffin, the founder of an education-technology startup, was featured on the Forbes "30 Under 30" list . Last month, she was charged with fraud. Prosecutors allege that she lied to investors for years about her startup, AllHere Education, and the company received $10 million under false pretenses, according to the indictment. Related: An AI Startup CEO on a Forbes '30 Under 30' List Has Been Charged With Defrauding Investors Out of $10 Million Smith-Griffin has joined the infamous group of "30 Under 30" honorees praised by the public and media for their early success — before authorities discovered the illicit shortcuts that got them there. Since 2011, Forbes has used the annual list to celebrate and honor entrepreneurs who have excelled in their fields early in their careers. The company says it thoroughly vets each of the nearly 100,000 nominees annually. As the Guardian's Betsy Reed notes , "The problem here isn't Forbes, the problem is the vision of success that we've been sold and the fetishizing of youth. 30 Under 30 isn't just a list, it's a mentality: a pressure to achieve great things before youth slips away from you." So, next time you feel discouraged about not reaching goals by a certain age, remember these "30 Under 30" recipients who were honored for their accomplishments in their youth—but had to cut corners and cross legal lines to get there. Sam Bankman-Fried Sam Bankman-Fried, the founder of cryptocurrency exchange FTX, was named to the list in 2021 for Finance. Bankman-Fried started Alameda Research in 2017, and later founded FTX in 2019, which was valued at $32 billion in 2022. But in November of that year, FTX filed for bankruptcy after struggling to raise funds and facing a liquidity crisis, and U.S. prosecutors accused him of fraud. He was arrested in the Bahamas in December 2022 and charged with defrauding investors in a scheme that led to the bankruptcy of his company. In February, four additional charges were added to his docket for conspiring to make over 300 illegal political donations. Currently, Bankman-Fried is out on bail, living at his parents' house, and awaiting trial (which is scheduled for October). Related: Who Is FTX Founder Sam Bankman-Fried? Everything to Know About the Disgraced Crypto King Elizabeth Holmes Elizabeth Holmes founded Theranos in 2003, a company that promised a revolutionary blood testing technology, and was once hailed as the world's "youngest self-made female billionaire." The company caught the attention of high-profile investors and companies (many of which never even saw the technology before investing) and raked up partnerships with big-name brands like Safeway and Walgreens. Holmes was never officially on the "30 Under 30" list, however, she did headline the "Under 30 Summit" in 2015, where she also accepted the "Under 30 Doers Award" for her work in the healthcare industry and the potential impact of her company's technology. However, just weeks after accepting her Doers Award, Holmes became the subject of an investigation by The Wall Street Journal , raising questions about the legitimacy of her technology. What ensued was nothing short of one mishap after another: failed lab inspections, a slew of lawsuits, and the not-to-be-forgotten net worth dip of $4.5 billion to $0 in 2016. Finally, in 2018, it was revealed that the technology simply didn't work, the company collapsed, and Holmes was charged by the SEC with "massive fraud," alleging Holmes knowingly misled investors and the public. Elizabeth Holmes in 2015. David Paul Morris | Getty Images. After nearly a year of delays due to the pandemic, Holmes' trial began in 2021, and she was ultimately convicted on four counts of fraud in 2022 and sentenced to 11 years in prison. After a request for a new trial was denied in November 2022, Holmes began her sentence in May 2023. Through it all, Holmes has maintained her innocence. She is currently serving time in prison in Bryan, Texas. Holmes' story of deceit has been the subject of widespread media coverage, including a 2019 HBO documentary, The Inventor, and 2022 Hulu miniseries, The Dropout ( for which Amanda Seyfried won an Emmy for her portrayal of the disgraced founder). Related: I Worked Side By Side With Elizabeth Holmes. She Seemed Like a Visionary, but We Were All Duped — and It's a Comfort to See Justice Served. Charlie Javice Charlie Javice, known for her college financial planning startup Frank, was indicted in May 2023 for wire fraud, bank fraud, and conspiracy charges. Javice's alleged crimes center on exaggerating the value of her startup during its acquisition by JPMorgan Chase in 2021. Javice was named to the list in 2019 in the category of Finance after founding her company Frank, which aimed to help students apply for loans more efficiently. Prosecutors claim that she misled the bank by fabricating data and inflating the number of Frank customers. Javice allegedly asked her director of engineering to create fake data, but when he refused, she hired a data scientist to generate a spreadsheet with millions of false user accounts for the $175 million acquisition , and JPMorgan ultimately acquired the app. However, in November 2022, an internal investigation led to her termination, followed by her arrest in April. In January 2023, JP Morgan sued Javice for defrauding the company. Javice now faces charges of securities fraud, wire fraud, bank fraud, and conspiracy. She is currently out on bail and has maintained her plea of not guilty . Martin Skrekli Martin Shkreli was named to the list in 2012 for Finance. At the time, he was recognized for his work as a hedge fund manager and entrepreneur. Shkreli had gained attention for his success in the biotech industry, particularly his involvement with Retrophin, a pharmaceutical company he founded. Shkreli went on to co-founded several hedge funds and pharmaceutical companies, including Turing Pharmaceuticals, which notoriously acquired the life-saving antiparasitic and antimalarial drug, Daraprim and then raised its price by 5,455% in 2015. The move earned Shkreli, then called "Pharma Bro," another title: "the most hated man in America ." In December 2015, he was arrested on charges of securities fraud and conspiracy. The charges stemmed from his involvement with two hedge funds, MSMB Capital Management and MSMB Healthcare, as well as Retrophin. Shkreli was accused of mismanaging funds, using assets from one of his companies to pay off debts from another, and defrauding investors. The allegations included a scheme in which he illegally used Retrophin's assets to repay investors who had lost money in his hedge funds. Peter Foley | Getty Images In 2017, he was convicted of securities fraud and conspiracy, resulting in a seven-year prison sentence and significant fines. In 2022, Shkreli was released from prison (about four months early) and is now consulting for a law firm and living with his sister in Queens, New York, according to the U.S. Probation Office. Related: 'The Most Hated Man in America' Where Is Pharma Bro Martin Shkreli Now? Shkreli also gained notoriety in 2015 when he purchased the sole copy of the Wu-Tang Clan album, "Once Upon a Time in Shaolin," for $2 million at an auction. Fans and the music industry vets criticized the lack of accessibility to such a culturally significant work, exacerbated by Shkreli's decision to keep it as a rare collectible without plans for a public release. Following his conviction, the album was seized by the government (along with his other assets) and ultimately sold in 2021 as part of the forfeiture process. The sale of the album completes Shkreli's payment of the forfeiture, and the buyer and price remain confidential. Obinwanne Okeke Obinwanne Okeke, a Nigerian-born entrepreneur, was revered for his achievements in construction, agriculture, and real estate. But in 2021, he was sentenced to 10 years in prison for his role in a computer-based fraud scheme that caused approximately $11 million in losses to his victims. Okeke operated a group of companies — including the Invictus Group, which was the center of Okeke's 2016 "30 Under 30" title — but ultimately conducted various computer-based frauds from 2015 to 2019. Okeke's scheme involved obtaining credentials from hundreds of victims and engaging in "email compromise." Through fraudulent wire transfer requests and fake invoices, Okeke and his conspirators transferred nearly $11 million overseas. He also carried out other forms of cyber fraud, including phishing emails and creating fraudulent web pages. Okeke is serving his sentence and will be released in 2028. Nate Paul In June 2023, Nate Paul, an investor once regarded as a "real estate prodigy," was indicted on eight felony charges for allegedly making false statements on loan applications, which ultimately led to banks loaning the investor over $170 million. According to the indictment , in one application, Paul claimed to have an account with $31.6 million in cash, when in reality the account in question had less than $500,000. Paul's alleged violations took place between March 2017 and April 2018. In 2016, Paul was named to the "30 Under 30" list for founding his real estate investment firm. In November, Paul served a 10-day jail sentence after being held in contempt of court after accusations of financial mismanagement. Paul is still facing federal criminal charges for bank fraud.
The incident, which occurred last Tuesday evening in the heart of the city, sent shockwaves through the business community and beyond. The victim, a well-respected executive in the tech industry, was gunned down in broad daylight as he exited a local restaurant after a business meeting. The brazen attack stunned witnesses and left them in a state of disbelief, as they struggled to come to terms with the senseless violence that had unfolded before their eyes.
In the fast-paced and high-pressure world of professional football, the physical demands placed on players are immense. Real Madrid, one of the most successful and prestigious clubs in the world, is currently facing a challenging schedule with matches scheduled on both Wednesdays and Sundays. This relentless fixture list is not only taxing on the players' physical stamina but also increases the risk of injuries, jeopardizing their performance and the team's success.The allure of limited edition collaborations lies in the unique and collectible nature of the product. In this case, the fusion of the popular "Black Myth" franchise with a beloved cola brand offers consumers a one-of-a-kind opportunity to own a piece of pop culture history. The sleek packaging, featuring iconic characters from the game alongside the familiar branding of the cola company, adds to the appeal of this exclusive release.None
Unofficial tallies in Irish election suggest some trouble for big figures
The live stream event, which was hosted on a popular social media platform, showcased the entire process of creating Xiang Zuo's final hairstyle. Viewers were treated to a behind-the-scenes look at Xiao Huawei's creative process, from conceptualization to execution. The interaction between the stylist and the actor was described as seamless and collaborative, with both parties fully engaged in the transformation process.As the trial unfolds, the public will be following closely, eager to see how the case will ultimately be resolved. The outcome of the retrial will not only have implications for the defendants and the victims but will also serve as a barometer for the state of child protection laws in the country. It will test the integrity of the legal system and the commitment of the authorities to deliver justice for the most vulnerable members of society.Additionally, there is the risk of user fatigue and oversaturation. As more brands and creators flock to TikTok to promote products, users may become overwhelmed with sponsored content and lose interest in the platform. Maintaining a balance between engaging content and promotional messages will be key to TikTok's continued success in the social commerce space.
Kosovo arrested several suspects Saturday after an explosion at a key canal feeding two of its main power plants, while neighbouring Serbia rejected accusations of staging the blast. The explosion Friday near the town of Zubin Potok, which sits in an ethnic Serb-dominated area in Kosovo's troubled north, damaged a canal that supplies water to hundreds of thousands of people and cooling systems at two coal-fired power plants that generate most of Kosovo's electricity. As security forces swarmed the area around the canal, whose concrete walls were left with a gaping hole gushing water, Prime Minister Albin Kurti visited the site and announced authorities had arrested several people. Law enforcement "carried out searches" and "collected testimony and evidence, and the criminals and terrorists will have to face justice and the law," he said. The arrests follow a security meeting late Friday, when Kurti pointed the finger at Serbia. "The attack was carried out by professionals. We believe it comes from gangs directed by Serbia," he told a press conference, without providing evidence. Serbian President Aleksandar Vucic hit back Saturday, denying the "irresponsible" and "baseless accusations". "Such unfounded claims are aimed to tarnish Serbia's reputation, as well as to undermine efforts to promote peace and stability in the region," he said in a statement to AFP. Serbian Foreign Minister Marko Djuric had earlier suggested on X that the Kosovar "regime" could itself be behind the blast, calling for an international investigation. The main political party representing Serbs in Kosovo, Serb List, also condemned the attack "in the strongest possible terms". AFP journalists at the scene saw water leaking heavily from one side of the reinforced canal, which runs from the Serb-majority north of Kosovo to the capital, Pristina. However, electricity supplies to consumers were running smoothly on Saturday morning, with authorities having found an alternative method to cool the plants, said Kosovo's Economy Minister Artane Rizvanolli. Repair work was ongoing, authorities said, while Kurti confirmed workers had managed to restore water flows to 25 percent capacity. More from this section The European Union denounced the explosion as a "terrorist attack". "It is a despicable act of sabotage on Kosovo's critical civilian infrastructure, which provides drinking water for considerable part of Kosovo's population and is a vital component of Kosovo's energy system," the bloc's top diplomat, Josep Borrell, said in a statement. The United States, France and Turkey joined the international condemnation of the attack. "We call on all parties to exercise restraint to avoid escalation in the region," Turkey's foreign ministry said. The NATO-led KFOR peacekeeping mission for Kosovo likewise called for restraint. "It is important that facts are established and that those responsible are held accountable and brought to justice," it said in a statement. The force is providing security in the surrounding area and has offered logistical, explosives removal and engineering support to the Kosovo authorities, it added. Animosity between ethnic Albanian-majority Kosovo and Serbia has persisted since the end of the war between Serbian forces and ethnic Albanian insurgents in the late 1990s. Kosovo declared independence in 2008, a move that Serbia has refused to acknowledge. Kurti's government has for months sought to dismantle a parallel system of social services and political offices backed by Belgrade to serve Kosovo's Serbs. Albanian Prime Minister Edi Rama on Saturday denounced "the act of sabotage on the critical water supply infrastructure in the Iber-Lepenc Canal" in comments on X, calling it "a serious crime that endangers the lives of Kosovo's citizens and undermines the process of normalizing relations in our region." Friday's attack came after a series of violent incidents in northern Kosovo, including the hurling of hand grenades at a municipal building and a police station earlier this week. Kosovo is due to hold parliamentary elections on February 9. ih/ach/giv/jhb/sbkSenator Alli Celebrates Oyo APC Leader, BAO At 85
Now, with "Nezha: The Demon Child's Sea Adventure", the filmmakers are aiming to push the boundaries even further and deliver a sequel that surpasses its predecessor in every aspect. Set against the backdrop of the vast and tumultuous seas, the film promises to take viewers on an epic adventure filled with danger, discovery, and triumph. As Nezha embarks on a thrilling quest to uncover the secrets of the deep, he will encounter new allies and foes, face formidable challenges, and ultimately confront his destiny as the savior of the world.The presence of six Real Madrid players in the FIFPro Best Team is a reflection of the team's success and dominance in the 2021-2022 season. Real Madrid's solid defense, creative midfield, and clinical attack were key to the team's triumphs, and the individual performances of players like Courtois, Carvajal, Alaba, Casemiro, Modric, and Mbappé were instrumental in their success.
As I entered the serene and calming environment of the Medi clinic, I was greeted by the soothing aroma of herbal incense and gentle instrumental music playing in the background. The ambiance itself was enough to put my mind at ease and prepare me for the healing journey ahead.As the manager who once guided Son on the international stage, Huang Mingfu's words carry significant weight. Speaking to the media, Huang Mingfu highlighted Son's exceptional abilities as a player and a leader, emphasizing the importance of his presence both on and off the pitch. Huang Mingfu lauded Son for his dedication, professionalism, and positive attitude, qualities that have endeared him to fans worldwide.
One of the key factors contributing to the success of these funds is their ability to identify promising investment targets across various sectors. From technology and healthcare to real estate and consumer goods, private equity funds have diversified their portfolios to maximize returns and mitigate risks. By staying ahead of market trends and making timely investment decisions, these funds have been able to capitalize on the strengths of different industries and generate substantial profits.
Guwahati: Assam Police arrested four Bangladeshi infiltrators and handed them over to the authorities of the neighbouring country, Chief Minister Himanta Biswa Sarma said on Thursday. 'Strict monitoring along the Indo-Bangladesh border continues. 4 illegal infiltrators were apprehended by @assampolice near the border and sent back to Bangladesh', the Chief Minister posted on 'X'. The infiltrators were identified as Rumana Shaikh, Md Badshah Shaikh, Reksona Khatun and Musama Aisha Khatun, he said. The CM, however, did not mention from which sector of the Indo-Bangladesh border they were intercepted. So far, 161 people have been apprehended for illegally entering India and sent back to Bangladesh since the turmoil erupted in the neighboring country in August. The BSF has ramped up its vigilance along the 1,885-km Indo-Bangladesh border in the NE in response to the disturbances. Assam Police is also on high alert along the border to prevent illegal entry into the state. PTI We also published the following articles recently Intense vigil, more fencing along Bangladesh border after rise in infiltration bid: BSF Border Security Force (BSF) officials in North Bengal report a surge in infiltration attempts from Bangladesh over the past four months. Increased surveillance, including deployed personnel, cameras, and biometric systems, aims to curb illegal crossings. Fencing along previously open border areas is underway. BSF discussions with Border Guard Bangladesh seek solutions, particularly in high-movement zones like Thakurgaon and Panchgarh. Intense vigil, more fencing along Bangladesh border after rise in infiltration bid: BSF Border Security Force (BSF) officials in North Bengal report a surge in infiltration attempts from Bangladesh in recent months. Increased surveillance, including cameras and biometric systems, has been implemented. Fencing is being erected in previously open border areas. In August alone, 1,000 Bangladeshi nationals were stopped. BGB stops temple renovation on Assam-Bangladesh border Border Guard Bangladesh (BGB) personnel halted the renovation of a Manasa temple near the Kushiyara river on the India-Bangladesh border. The BGB crossed into India and instructed workers to cease construction. Following a BSF-BGB flag meeting, the issue was resolved, with BSF authorizing the temple's continued renovation. The BGB's initial intervention occurred amidst rising tensions in Bangladesh. Stay updated with the latest news on Times of India . Don't miss daily games like Crossword , Sudoku , and Mini Crossword .As the investigation unfolds, all eyes will be on NVIDIA to see how they navigate the complex regulatory environment and uphold their commitment to fair competition. The company's response to the antitrust scrutiny serves as a test of their character and integrity, signaling their readiness to confront challenges head-on and emerge victorious through the power of their capabilities and dedication to excellence.
Floyd Mayweather's teenage protege breaks silence after missing weight by 15lbs
The former Barcelona player, once hailed as the billionaire maestro for his incredible talent and marketability, now finds himself at the center of a spectacular downfall. Despite being once considered one of the most valuable players globally, his career trajectory has taken a sharp nosedive, leading to a significant decrease in his market value.
Friendly reminder |
The authenticity of this information has not been verified by this website and is for your reference only. Please do not reprint without permission. If authorized by this website, it should be used within the scope of authorization and marked with "Source: this website". |
Special attention |
Some articles on this website are reprinted from other media. The purpose of reprinting is to convey more industry information, which does not mean that this website agrees with their views and is responsible for their authenticity. Those who make comments on this website forum are responsible for their own content. This website has the right to reprint or quote on the website. The comments on the forum do not represent the views of this website. If you need to use the information provided by this website, please contact the original author. The copyright belongs to the original author. If you need to contact this website regarding copyright, please do so within 15 days. |