Whistleblower News: Theranos, Fiat Chrysler, Elon Musk
'The Inventor' charts rise and epic fall of Theranos
Anyone who thinks Theranos is the villain in the next Avengers movie really needs to watch "The Inventor: Out for Blood in Silicon Valley," in which Alex Gibney does for Elizabeth Holmes and her biotech firm what he did for Enron -- namely, expose and eviscerate them.
Gibney's HBO documentary is part thriller, part tale of corporate whistleblowers and perhaps foremost, a warning of how an apparent fraudster spouting tech jargon can bedazzle people who really should know better, or at least, harbor more skepticism when asked invest millions in a startup company. read more »
Former UAW vice president charged in corruption scheme with Fiat Chrysler execs
The conspiracy charge against Norwood Jewell was filed as a criminal information, which means a guilty plea is likely. At least seven people have pleaded guilty.
Officials at Fiat Chrysler, known as FCA, and the UAW enriched themselves by using company money set aside for a job-training center. The corruption occurred at the same time both sides were negotiating labor agreements. read more »
SEC says Musk's contempt defense 'borders on the ridiculous'
Legal experts say it's unlikely that Musk will be punished severely, but the commission wants to get on the record that Musk violated the terms.
The Securities and Exchange Commission countered Tesla Chief Executive Officer Elon Musk's contempt-of-court defense Monday night, writing in court papers that he brazenly disregarded a federal judge's order, and that one of his arguments "borders on the ridiculous." read more »
Report Says Most Crypto Trading Volume Is Suspicious
Most of the trading volume on the world’s largest cryptocurrency exchanges is questionable, according to a report from a startup that revisits one of the recurring concerns in the decade-old digital-asset market. read more »