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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
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Andy Dunn, American entrepreneur and the co-founder of Bonobos Inc
Leadership
Ask Andy: I’m a founder struggling with mental-health issues. How can I step away from my startup?
By Andy DunnMay 9, 2024
  • Sports leagues thought they hit the jackpot by partnering with the betting industry–but gambling scandals are turning Americans against them
    Commentary
    Sports leagues thought they hit the jackpot by partnering with the betting industry–but gambling scandals are turning Americans against them
    By Will JohnsonApril 23, 2024
An internal combustion engine
Commentary
No, combustion engines won’t be supplanted by electric vehicles—and they’re critical for sustainable transport
By Patrice HaettelMay 8, 2024
Fannie Mae CEO: Beyoncé is right. Climate change has already hit the housing market—and homeowners aren’t prepared
Commentary
Fannie Mae CEO: Beyoncé is right. Climate change has already hit the housing market—and homeowners aren’t prepared
By Priscilla AlmodovarMay 8, 2024
Politicians and nonprofits will struggle to keep AI in check—but corporate boards can’t afford to fail
Commentary
Politicians and nonprofits will struggle to keep AI in check—but corporate boards can’t afford to fail
By Jeffrey SavianoMay 8, 2024
Woman working on computer.
Commentary
Job seekers—you shouldn’t balk when a test is part of your interview
By Vicki SalemiMay 7, 2024
I’m sick of the ‘model minority’ designation, and so are other Asian Americans. It’s time to define our own identities
Commentary
I’m sick of the ‘model minority’ designation, and so are other Asian Americans. It’s time to define our own identities
By Deepa PurushothamanMay 7, 2024
  • H1-B visas are the lifeblood of U.S. tech innovation–and the shortcut to semiconductor supremacy
    Commentary
    H1-B visas are the lifeblood of U.S. tech innovation–and the shortcut to semiconductor supremacy
    By Mishita Mehra, Hewei Shen and Federico MandelmanApril 23, 2024
CSR is a core business function. It’s time to treat it that way
Commentary
CSR is a core business function. It’s time to treat it that way
By Tom DavidsonMay 7, 2024
Great performers constantly rehearse. Companies that want to survive sustained change must do the same 
Commentary
Great performers constantly rehearse. Companies that want to survive sustained change must do the same 
By Ram CharanMay 7, 2024
Americans need more exercise—and should be able to tap FSA and HSA funds to pay for gyms, studios, and sports leagues
Commentary
Americans need more exercise—and should be able to tap FSA and HSA funds to pay for gyms, studios, and sports leagues
By Liz ClarkMay 7, 2024
Health care workers are burned out and overwhelmed. AI can streamline operations and help them do their real job: treating patients
Commentary
Health care workers are burned out and overwhelmed. AI can streamline operations and help them do their real job: treating patients
By BJ SchaknowskiMay 6, 2024
Right, wrong, and a moment for clarity: Why universities must adopt a zero-tolerance policy
Commentary
Right, wrong, and a moment for clarity: Why universities must adopt a zero-tolerance policy
By Gil MandelzisMay 3, 2024
  • Second Chance Month is a failed promise for former inmates. Here’s how we can fix that
    Commentary
    Second Chance Month is a failed promise for former inmates. Here’s how we can fix that
    By Brian HamiltonApril 22, 2024
I’m paid $14 an hour to rate AI-generated Google search results. Subcontractors like me do key work but don’t get fair wages or benefits
Commentary
I’m paid $14 an hour to rate AI-generated Google search results. Subcontractors like me do key work but don’t get fair wages or benefits
By Toni AllenMay 3, 2024
Claudia L. Shivers, founder of Queen Coffee Bean.
Commentary
I couldn’t make a living wage when I was released from prison. Now I run a successful business
By Claudia L. ShiversMay 3, 2024
Potential unleashed: How companies can leverage new technologies for safe data sharing
Commentary
Potential unleashed: How companies can leverage new technologies for safe data sharing
By François Candelon, Riccarda Joas, Guillaume Sajust de Bergues and Leonid ZhukovMay 3, 2024
A DoorDash delivery in progress.
Commentary
Outdated laws prevent gig economy workers from getting benefits. This pilot program shows the path forward
By Max RettigMay 1, 2024
Business team portrait sitting on the floor.
Commentary
Never complain, but do explain: How to handle job tasks in the hiring process, whether Gen Z is involved or not
By Omer MoladMay 1, 2024
RSA conference
Commentary
I host the world’s largest cybersecurity conference. Here’s what is top of mind for security experts right now
By Hugh ThompsonMay 1, 2024
Congratulations, you survived another tax season—and paid a higher rate than top American companies
Commentary
Congratulations, you survived another tax season—and paid a higher rate than top American companies
By Irit TamirApril 30, 2024
AI lets anyone generate music in seconds. That’s putting artists on edge—and setting the stage for ‘dataset ethics’
Commentary
AI lets anyone generate music in seconds. That’s putting artists on edge—and setting the stage for ‘dataset ethics’
By Alex BestallApril 29, 2024
Starbucks’s case at the Supreme Court is a venti lose-lose for the company and the burgeoning unionization movement
Commentary
Starbucks’s case at the Supreme Court is a venti lose-lose for the company and the burgeoning unionization movement
By Aron SolomonApril 29, 2024
More Americans are working past age 65—and that’s good news for employers
Commentary
More Americans are working past age 65—and that’s good news for employers
By Martha BoudreauApril 26, 2024
Scientists inspired the right guardrails for nuclear energy, the internet, and DNA research. Let them do the same for AI
Commentary
Scientists inspired the right guardrails for nuclear energy, the internet, and DNA research. Let them do the same for AI
By Fadi ChehadéApril 26, 2024
Burned out and underappreciated, women’s career advancement had stalled long before the anti-DEI backlash
Commentary
Burned out and underappreciated, women’s career advancement had stalled long before the anti-DEI backlash
By Tacy M. ByhamApril 25, 2024
A new Cold War is brewing at sea–and the West’s security and prosperity are at stake
Commentary
A new Cold War is brewing at sea–and the West’s security and prosperity are at stake
By Matan PeledApril 25, 2024
The FTC noncompete ruling will narrow the gender gap in entrepreneurship
Commentary
The FTC noncompete ruling will narrow the gender gap in entrepreneurship
By Matt MarxApril 24, 2024
Jeroen Van Hautte of TechWolf
Commentary
The race for human-AI interaction usage data is on—and the stakes are high
By Jeroen Van HautteApril 24, 2024
The AI frenzy could fall flat as companies hoard chips without enough data centers to host them
Commentary
The AI frenzy could fall flat as companies hoard chips without enough data centers to host them
By Aroosh ThillainathanApril 24, 2024
$122 Thai delivery and $26 to-go coffees: New wage laws meant to help gig workers are backfiring big-time
Commentary
$122 Thai delivery and $26 to-go coffees: New wage laws meant to help gig workers are backfiring big-time
By Adam KovacevichApril 24, 2024
After overshadowing climate talks, the myth of ‘circularity’ looms over the UN plastics treaty
Commentary
After overshadowing climate talks, the myth of ‘circularity’ looms over the UN plastics treaty
By Judith Enck and Pamela MillerApril 24, 2024
I’m a venture capitalist, and here’s why I believe we need to guarantee everyone’s basic needs: The social floor is actually a trampoline that can propel our economy
Commentary
I’m a venture capitalist, and here’s why I believe we need to guarantee everyone’s basic needs: The social floor is actually a trampoline that can propel our economy
By Roy BahatApril 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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