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Texas businessman gets 13 years in federal prison as feds seize his Lamborghinis, Ferraris, Firebird, and dozens more cars to pay back fraud victims

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Wealthy boomers doubt their heirs will keep giving as $124 trillion changes hands, BofA finds. The data shows a different reality

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Current price of oil as of October 6, 2026

1

Texas businessman gets 13 years in federal prison as feds seize his Lamborghinis, Ferraris, Firebird, and dozens more cars to pay back fraud victims

2

Wealthy boomers doubt their heirs will keep giving as $124 trillion changes hands, BofA finds. The data shows a different reality

3

Current price of oil as of October 6, 2026
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Ideas and insights on pressing issues facing the business world.
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The 1,000-hour test: a better way to decide what’s actually worth your money 

I moved to Vermont in 2020 and eventually threw out my back. I bought a snowblower and along the way developed a philosophy I’d call Practical Materialism.

By Ben MeerOctober 6, 2026
jasper
I’ve spent a decade teaching AI to write. Here’s why your slop posts are ruining your LinkedIn
By Jasper PyeOctober 6, 2026
sr
I wrote The Future of Truth and then found to my alarm it contained AI-hallucinated quotes. I’ve chosen to fight back
By Steven RosenbaumOctober 6, 2026
gephardt
‘A Republic, if you can keep it’: We served presidents from both parties and have never been so concerned about election security
By Richard A. Gephardt, Timothy E. Wirth, Leon Panetta, Theodore Roosevelt V, Reid J. Ribble, Stephanie A. Grisham and Miles TaylorOctober 4, 2026
josh
NVIDIA Head of Sustainability: how to accelerate America’s nuclear energy renaissance 
By Josh ParkerOctober 5, 2026
gs
Gary Shapiro: why trade shows matter and how to get them right
By Gary ShapiroOctober 4, 2026
Latest stories from Fortune
More CommentaryPage 49 of 100
Two associates folding clothing.
Partner Commentary
Gap is turning its seasonal workers into full-time employees
By Amy ThompsonDecember 20, 2024
  • Even if you think education is a local issue, STEM is key to national security
    Commentary
    Even if you think education is a local issue, STEM is key to national security
    By Reynold VerretNovember 27, 2024
What the Grateful Dead can teach CEOs about succession planning
Commentary
What the Grateful Dead can teach CEOs about succession planning
By Lindsay TroutDecember 15, 2024
The fall of Afghanistan’s horse power is a lesson to today’s petrostates: Power based on a strategic commodity is fleeting
Commentary
The fall of Afghanistan’s horse power is a lesson to today’s petrostates: Power based on a strategic commodity is fleeting
By David ChaffetzDecember 15, 2024
a16z partner Martin Casado: Base AI policy on evidence, not existential angst
Commentary
a16z partner Martin Casado: Base AI policy on evidence, not existential angst
By Martin CasadoDecember 14, 2024
How losing control to cancer changed my perspective as a founder 
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How losing control to cancer changed my perspective as a founder 
By Evelyn RusliDecember 13, 2024
The U.S. already has a gambling epidemic—24 hour stock trading would only make it worse
Finance
The U.S. already has a gambling epidemic—24 hour stock trading would only make it worse
By Benjamin SchiffrinDecember 13, 2024
  • With stakeholder capitalism pioneers Schwab, Dimon, and Fink nearing retirement, who will carry the torch forward?
    Commentary
    With stakeholder capitalism pioneers Schwab, Dimon, and Fink nearing retirement, who will carry the torch forward?
    By R. Edward FreemanNovember 26, 2024
Paris 2024 helped invigorate the Olympic image. Here’s how design won gold at the Games
Commentary
Paris 2024 helped invigorate the Olympic image. Here’s how design won gold at the Games
By Thom NewtonDecember 13, 2024
Duncan Wardle
Commentary
How I sent Buzz Lightyear to space—and what it taught me about innovation 
By Duncan WardleDecember 12, 2024
Debanking hurts everyone. It’s time to end it once and for all
Commentary
Debanking hurts everyone. It’s time to end it once and for all
By Nic Carter and Austin CampbellDecember 10, 2024
In 2025, every crisis is instant and public—and trust evaporates in just 2 hours
Commentary
In 2025, every crisis is instant and public—and trust evaporates in just 2 hours
By Richard TorrenzanoDecember 6, 2024
Why the U.S.-India partnership is the most consequential relationship in the world
Commentary
Why the U.S.-India partnership is the most consequential relationship in the world
By Angela ChitkaraDecember 6, 2024
  • The real reason Spain’s economy is bucking the trend of European decline
    Commentary
    The real reason Spain’s economy is bucking the trend of European decline
    By Jorge LluchNovember 26, 2024
Why Trump could be the unlikely savior of biofuels
Commentary
Why Trump could be the unlikely savior of biofuels
By Michael McAdamsDecember 6, 2024
Man on mountain tries to pull bitcoin token uphill with rope.
The Coins
The case for a strategic Bitcoin reserve
By Sam LymanDecember 6, 2024
Dr. Oz turbocharges Medicare Advantage and everyone monitors their glucose: 10 health care predictions for 2025 from top investors
Commentary
Dr. Oz turbocharges Medicare Advantage and everyone monitors their glucose: 10 health care predictions for 2025 from top investors
By Bob Kocher and Bryan RobertsDecember 6, 2024
How to make the most of AI for your organizational learning
Commentary
How to make the most of AI for your organizational learning
By François Candelon, Michael Chu, Shervin Khodabandeh, David Kiron, Namrata Rajagopal, Sam Ransbotham and Leonid ZhukovDecember 6, 2024
Digitally generated images of vibrant, abstract fiber optics radiating outwards into the abyss.
Partner Commentary
How gen AI enables the boundaryless organization
By Jack AzaguryDecember 5, 2024
The real story of how the Ford family and Ford Foundation ended their decades-long estrangement
Commentary
The real story of how the Ford family and Ford Foundation ended their decades-long estrangement
By Darren Walker and Edsel B. Ford IIDecember 5, 2024
Where to start with AI agents: An introduction for COOs
Partner Commentary
Where to start with AI agents: An introduction for COOs
By Ganesh AyyarDecember 5, 2024
What happens when a business city like Hong Kong locks up a businessman like my friend Jimmy Lai
Commentary
What happens when a business city like Hong Kong locks up a businessman like my friend Jimmy Lai
By Mark CliffordDecember 5, 2024
American democracy is soul-searching. An AI-era version of the Federalist Papers may be the answer
Commentary
American democracy is soul-searching. An AI-era version of the Federalist Papers may be the answer
By Erik BrynjolfssonDecember 5, 2024
Abortion went first. Contraceptives could be next—unless men step up
Commentary
Abortion went first. Contraceptives could be next—unless men step up
By Akash BakshiDecember 4, 2024
Peter Thiel-backed entrepreneur says DOGE should use AI to ‘refactor’ the U.S. legal system
Commentary
Peter Thiel-backed entrepreneur says DOGE should use AI to ‘refactor’ the U.S. legal system
By Aron Ping D’SouzaDecember 4, 2024
Autodesk CEO: AI can help the U.S. fix its crumbling infrastructure before it’s too late
Commentary
Autodesk CEO: AI can help the U.S. fix its crumbling infrastructure before it’s too late
By Andrew AnagnostDecember 4, 2024
Quasi-religious beliefs have ended 200 years of European growth, author argues
Commentary
Quasi-religious beliefs have ended 200 years of European growth, author argues
By Jon MoynihanDecember 3, 2024
Bolt CEO: This holiday shopping season, retailers’ quiet revolution against credit card fees is getting louder
Commentary
Bolt CEO: This holiday shopping season, retailers’ quiet revolution against credit card fees is getting louder
By Justin GroomsDecember 3, 2024
Getty Images CEO: Respecting fair use rules won’t prevent AI from curing cancer
Commentary
Getty Images CEO: Respecting fair use rules won’t prevent AI from curing cancer
By Craig PetersDecember 2, 2024
AI optimists are behaving like the investors who got burned in the Great Depression and dot-com bubble, Vanguard’s chief economist warns
Commentary
AI optimists are behaving like the investors who got burned in the Great Depression and dot-com bubble, Vanguard’s chief economist warns
By Joseph H. DavisDecember 2, 2024
Fully autonomous planes could be coming to a flight near you—and that’s not a good thing
Commentary
Fully autonomous planes could be coming to a flight near you—and that’s not a good thing
By Jason AmbrosiNovember 28, 2024
Steve Jobs holding an iPhone.
Commentary
Steve Jobs thought devices would become ‘a bicycle for the mind’—but their effect on our brains is similar to that of smoking and junk food
By Royce BranningNovember 28, 2024
The ‘Trump bump’ has survived tariff announcements—but will it survive the good, the bad, and the unknown in his cabinet?
Commentary
The ‘Trump bump’ has survived tariff announcements—but will it survive the good, the bad, and the unknown in his cabinet?
By Jeffrey Sonnenfeld and Stephen HenriquesNovember 27, 2024
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Texas businessman gets 13 years in federal prison as feds seize his Lamborghinis, Ferraris, Firebird, and dozens more cars to pay back fraud victimsplaceholder alt text
By Catherina GioinoOctober 5, 2026
Success
Wealthy boomers doubt their heirs will keep giving as $124 trillion changes hands, BofA finds. The data shows a different realityplaceholder alt text
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Current price of oil as of October 6, 2026placeholder alt text
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