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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

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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
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Commentary

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 59 of 100
Blanket phone bans in schools are well-intentioned—but they could backfire
Commentary
Blanket phone bans in schools are well-intentioned—but they could backfire
By Dylan DiamondJuly 19, 2024
  • Why investing in places like Birmingham, Alabama is key to securing U.S. biotech dominance as China tries to close the gap
    Commentary
    Why investing in places like Birmingham, Alabama is key to securing U.S. biotech dominance as China tries to close the gap
    By Katie Britt, Terri Sewell, Kay Ivey and Randall WoodfinJuly 3, 2024
Tech billionaires’ Trump-Vance dance is missing the point: You can’t always get what you want
Commentary
Tech billionaires’ Trump-Vance dance is missing the point: You can’t always get what you want
By Jeffrey Sonnenfeld and Anthony ScaramucciJuly 18, 2024
Healthy women help everyone rise—I’ve seen it in Kenya
Commentary
Healthy women help everyone rise—I’ve seen it in Kenya
By Wendo AszedJuly 18, 2024
For all the talk about European decline, data shows U.S. software companies don’t have a future without the old continent
Commentary
For all the talk about European decline, data shows U.S. software companies don’t have a future without the old continent
By Brennan O’DonnellJuly 18, 2024
Reliable GPS is coming to an end—but new quantum technologies could show the path forward
Commentary
Reliable GPS is coming to an end—but new quantum technologies could show the path forward
By Michael J. BiercukJuly 18, 2024
As an underrepresented venture fund CEO, I believe in meritocracy—and I invest in underrepresented entrepreneurs for a reason
Commentary
As an underrepresented venture fund CEO, I believe in meritocracy—and I invest in underrepresented entrepreneurs for a reason
By Leslie FeinzaigJuly 17, 2024
  • Fearless Fund counsel: The court ruling barring grants to Black women entrepreneurs should terrify CEOs
    Commentary
    Fearless Fund counsel: The court ruling barring grants to Black women entrepreneurs should terrify CEOs
    By Alphonso DavidJuly 3, 2024
The IRS is right to scrutinize pandemic-era employee retention credit claims—but legitimate filers can’t afford more delays
Commentary
The IRS is right to scrutinize pandemic-era employee retention credit claims—but legitimate filers can’t afford more delays
By Chuck RettigJuly 17, 2024
We used satellite imagery and AI to see who’s keeping their climate pledges. Here’s the shocking reality we found
Commentary
We used satellite imagery and AI to see who’s keeping their climate pledges. Here’s the shocking reality we found
By Antoine RostandJuly 17, 2024
The travel industry is waking up to pet parents’ $259 billion annual budget as hotels, restaurants, and tours cater to our four-legged friends
Commentary
The travel industry is waking up to pet parents’ $259 billion annual budget as hotels, restaurants, and tours cater to our four-legged friends
By Natalia BallJuly 16, 2024
On Prime Day, Amazon workers like me pay a high price 
Commentary
On Prime Day, Amazon workers like me pay a high price 
By Wendy TaylorJuly 16, 2024
Pekka Lundmark is the president and CEO of Nokia.
Commentary
Nokia CEO: Europe shouldn’t be afraid to back its innovation champions
By Pekka LundmarkJuly 16, 2024
  • Looking for the coming tide of economic growth? Start here
    Commentary
    Looking for the coming tide of economic growth? Start here
    By Scott Frisch and Lina WalkerJuly 3, 2024
Bird flu outbreak at Colorado farm as 5 workers reported positive: Experts warn of ‘turning point,’ call for urgent action
Commentary
Bird flu outbreak at Colorado farm as 5 workers reported positive: Experts warn of ‘turning point,’ call for urgent action
By Carolyn BarberJuly 15, 2024
How competitive sailing expanded my leadership vision after three decades in the C-suite
Commentary
How competitive sailing expanded my leadership vision after three decades in the C-suite
By Brendan P. KeeganJuly 14, 2024
A trip to Shanghai’s AI mega-conference showed me that China’s developers are still playing catch-up to Silicon Valley
Commentary
A trip to Shanghai’s AI mega-conference showed me that China’s developers are still playing catch-up to Silicon Valley
By Grace ShaoJuly 13, 2024
Venture capital could be NATO’s ultimate weapon. Here’s why
Commentary
Venture capital could be NATO’s ultimate weapon. Here’s why
By Klaus Hommels and Fiona MurrayJuly 12, 2024
Women can’t fix the ‘broken rung’ unless they acknowledge the role they play in workplace bullying and discrimination
Commentary
Women can’t fix the ‘broken rung’ unless they acknowledge the role they play in workplace bullying and discrimination
By Kathryn PrestonJuly 12, 2024
How we raised $100 million for my Silicon Valley startup in a down market
Commentary
How we raised $100 million for my Silicon Valley startup in a down market
By Amir KhanJuly 11, 2024
The death of the Chevron doctrine complicates U.S. policymakers’ efforts to regulate AI—but there’s another way
Commentary
The death of the Chevron doctrine complicates U.S. policymakers’ efforts to regulate AI—but there’s another way
By Dewey Murdick and Owen J. DanielsJuly 11, 2024
Andy Dunn, American entrepreneur and the co-founder of Bonobos Inc
Leadership
Ask Andy: Can generative AI solve a startup’s problems?
By Andy DunnJuly 11, 2024
Knowledge workers don’t seem to think AI will replace them—but they expect it to save them 4 hours a week in the next year
Commentary
Knowledge workers don’t seem to think AI will replace them—but they expect it to save them 4 hours a week in the next year
By Steve HaskerJuly 10, 2024
I love remote work too, but the benefits of face-to-face interaction tip the scale toward an in-office workplace: Jotform founder
Commentary
I love remote work too, but the benefits of face-to-face interaction tip the scale toward an in-office workplace: Jotform founder
By Aytekin TankJuly 9, 2024
Extreme heat kills more people in the U.S. than hurricanes, floods, and tornadoes combined. We need a federal heat standard to protect workers
Commentary
Extreme heat kills more people in the U.S. than hurricanes, floods, and tornadoes combined. We need a federal heat standard to protect workers
By Jill RosenthalJuly 9, 2024
How an ideological war over PrEP threatens preventive services from smoking cessation to contraception to vaccines for half the U.S. population
Commentary
How an ideological war over PrEP threatens preventive services from smoking cessation to contraception to vaccines for half the U.S. population
By Ari Hoffman and Lauryn ClaassenJuly 9, 2024
The House crypto bill could be the answer to America’s regulatory soul-searching. The ball is now in the Senate’s court
Commentary
The House crypto bill could be the answer to America’s regulatory soul-searching. The ball is now in the Senate’s court
By John MitchellJuly 8, 2024
We reviewed 1,200 studies to understand how childhood shapes the leaders we are today. Here’s what we found
Commentary
We reviewed 1,200 studies to understand how childhood shapes the leaders we are today. Here’s what we found
By Nik Kinley and Shlomo Ben-HurJuly 8, 2024
The tsunami of donations to abortion services following Roe v. Wade’s reversal is receding—but women need more support than ever
Commentary
The tsunami of donations to abortion services following Roe v. Wade’s reversal is receding—but women need more support than ever
By Brittany FontenoJuly 5, 2024
Self-driving Vehicles Put Into Use At Tianjin Port
Tech
Is AI about automation, or augmentation? Understanding the difference can guide your AI investments
By François Candelon, Henri Salha, Namrata Rajagopal and David Zuluaga MartínezJuly 5, 2024
Civics is becoming a 21st-century business skill
Commentary
Civics is becoming a 21st-century business skill
By Carolyn CawleyJuly 4, 2024
9 in 10 American workers are thriving despite the dominant narrative of widespread misery at work
Commentary
9 in 10 American workers are thriving despite the dominant narrative of widespread misery at work
By Clay RoutledgeJuly 4, 2024
We need to close the oral health care gap to improve the world’s well-being
Commentary
We need to close the oral health care gap to improve the world’s well-being
By Prabha ParameswaranJuly 3, 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
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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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