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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
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How AI can enable cross-border data sharing in a fragmenting world
Commentary
How AI can enable cross-border data sharing in a fragmenting world
By François Candelon, I. Glenn Cohen, Theodoros Evgeniou and Ke RongJune 7, 2024
  • Andy Dunn, American entrepreneur and the co-founder of Bonobos Inc
    Leadership
    Ask Andy: How do I choose the right cofounder for my startup?
    By Andy DunnMay 23, 2024
Reclaiming my birth name as a Black woman made me a stronger executive leader—after 20-plus years as ‘Shauna’
Commentary
Reclaiming my birth name as a Black woman made me a stronger executive leader—after 20-plus years as ‘Shauna’
By LaShuna McBrideJune 6, 2024
We used AI to analyze 24 years of retailers’ SEC disclosures—and found the one factor that would have doubled investor returns
Commentary
We used AI to analyze 24 years of retailers’ SEC disclosures—and found the one factor that would have doubled investor returns
By Jeffrey B. Wenger and George ZuoJune 6, 2024
I survived a boardroom panic attack with a paper clip (and a tale to sell)
Commentary
I survived a boardroom panic attack with a paper clip (and a tale to sell)
By Mike LubowJune 6, 2024
Meet the 5 types of Gen Z freelancers—and their secret weapon
Commentary
Meet the 5 types of Gen Z freelancers—and their secret weapon
By Kelly MonahanJune 6, 2024
Microsoft’s chief scientist: Step aside, prompt engineers—AI will start prompting you instead
Commentary
Microsoft’s chief scientist: Step aside, prompt engineers—AI will start prompting you instead
By Jaime TeevanJune 5, 2024
  • Big Tech employees missed out on $5.1 billion in 401(k) gains over the last decade because of fossil fuels, new research finds
    Commentary
    Big Tech employees missed out on $5.1 billion in 401(k) gains over the last decade because of fossil fuels, new research finds
    By Andrew BeharMay 22, 2024
Verge Genomics CEO: Why I urge my employees to share their fears and vulnerabilities—and do the same with them
Commentary
Verge Genomics CEO: Why I urge my employees to share their fears and vulnerabilities—and do the same with them
By Alice ZhangJune 5, 2024
How crypto could put Donald Trump over the top in November
Commentary
How crypto could put Donald Trump over the top in November
By Anthony Scaramucci and Kristin SmithJune 5, 2024
Air New Zealand’s chief sustainability officer: Sustainable aviation fuel policies are taking off
Commentary
Air New Zealand’s chief sustainability officer: Sustainable aviation fuel policies are taking off
By Kiri HannifinJune 5, 2024
When I was a kid we struggled with a $400 heating bill and a hole in our roof. Here’s why we need energy-efficiency standards for affordable housing
Commentary
When I was a kid we struggled with a $400 heating bill and a hole in our roof. Here’s why we need energy-efficiency standards for affordable housing
By AJ PattonJune 4, 2024
Housing, work, love: Gen Zers and young millennials don’t stand a chance in the face of the modern quarter-life crisis
Commentary
Housing, work, love: Gen Zers and young millennials don’t stand a chance in the face of the modern quarter-life crisis
By Eli JosephJune 4, 2024
  • Bipartisan support of cryptocurrency is resurging in Congress. Here’s why
    Commentary
    Bipartisan support of cryptocurrency is resurging in Congress. Here’s why
    By Chris PerkinsMay 22, 2024
Forget employees. Artificial Intelligence may also upend entrepreneurship as we know it
Commentary
Forget employees. Artificial Intelligence may also upend entrepreneurship as we know it
By Alex KruglovJune 4, 2024
By sunsetting Section 230, Congress could be about to break the internet as we know it
Commentary
By sunsetting Section 230, Congress could be about to break the internet as we know it
By Gary ShapiroJune 3, 2024
Managers are puzzled by Gen Zers as giving feedback becomes a lost art in the era of the ‘coddled mind’
Commentary
Managers are puzzled by Gen Zers as giving feedback becomes a lost art in the era of the ‘coddled mind’
By Joe DavisJune 3, 2024
Former Yum Brands CEO: How active learning took me from 30 trailer parks to the helm of a $32 billion global corporation
Commentary
Former Yum Brands CEO: How active learning took me from 30 trailer parks to the helm of a $32 billion global corporation
By David NovakJune 2, 2024
We are entrusted with the pensions of 4.7 million American workers. We must ask private equity firms the hard questions—even if they don’t like it
Commentary
We are entrusted with the pensions of 4.7 million American workers. We must ask private equity firms the hard questions—even if they don’t like it
By Randi Weingarten and Sean McGarveyMay 31, 2024
Women’s health has been ignored for most of history. Here’s why that’s changing—and why it’s time to double down
Commentary
Women’s health has been ignored for most of history. Here’s why that’s changing—and why it’s time to double down
By Anu DuggalMay 31, 2024
Activist investors are suffering grueling defeats in proxy fights—but they can still matter when they pick the right battle
Commentary
Activist investors are suffering grueling defeats in proxy fights—but they can still matter when they pick the right battle
By Jeffrey Sonnenfeld and Steven TianMay 30, 2024
Scouting America CEO: Our name change was long overdue—and today’s divisions prove the role we have to play is more important than ever
Commentary
Scouting America CEO: Our name change was long overdue—and today’s divisions prove the role we have to play is more important than ever
By Roger KroneMay 30, 2024
The U.K. is bucking the trend as Europe bleeds foreign direct investment. Here’s why
Commentary
The U.K. is bucking the trend as Europe bleeds foreign direct investment. Here’s why
By Julie Linn TeiglandMay 30, 2024
Boy and girl learning coding in school.
Commentary
AI will make coding skills more, not less, valuable—and it’s more important than ever for children to learn them
By Ed KimMay 29, 2024
I’ve read over 100 AI requests for proposals from major companies. Here’s the matrix of guardrails and obligations that is emerging
Commentary
I’ve read over 100 AI requests for proposals from major companies. Here’s the matrix of guardrails and obligations that is emerging
By May HabibMay 29, 2024
Satya Nadella of Microsoft
Commentary
The future is a state of mind: What it takes to build a future-ready company
By Hans-Paul Buerkner, Arindam Bhattacharya and François CandelonMay 29, 2024
Jamie Dimon is right. The number of U.S. public companies is plummeting—and that’s bad news for the democratic component of the economy
Commentary
Jamie Dimon is right. The number of U.S. public companies is plummeting—and that’s bad news for the democratic component of the economy
By Eric HippeauMay 28, 2024
The short-lived memestock revival shows how retail investors and markets still misunderstand each other
Commentary
The short-lived memestock revival shows how retail investors and markets still misunderstand each other
By Meagan Andrews and Hallie SpearMay 27, 2024
I’ve worked with thousands of emerging Gen Z leaders. There’s a fundamental reset in what this generation wants career-wise 
Commentary
I’ve worked with thousands of emerging Gen Z leaders. There’s a fundamental reset in what this generation wants career-wise 
By Ian SandlerMay 24, 2024
‘As quick as 5 minutes in California or as grueling as 11 hours in Texas’: Research reveals new post-Dobbs map of abortion access driving times
Commentary
‘As quick as 5 minutes in California or as grueling as 11 hours in Texas’: Research reveals new post-Dobbs map of abortion access driving times
By Sara EstepMay 24, 2024
Enron whistleblower Sherron Watkins
Commentary
I’m a whistleblower and have been called a snitch, rat, and traitor. What about hero?
By Sherron WatkinsMay 24, 2024
‘A glaring blind spot’ in housing affordability: Mortgage underwriting and home appraisals should account for energy costs. Here’s why
Commentary
‘A glaring blind spot’ in housing affordability: Mortgage underwriting and home appraisals should account for energy costs. Here’s why
By Ian HughesMay 24, 2024
Biden’s tariffs on Chinese EVs make sense—but only for a while
Commentary
Biden’s tariffs on Chinese EVs make sense—but only for a while
By Chris Bataille, Noah Kaufman, Gautam Jain and Sagatom SahaMay 23, 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
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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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