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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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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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$5 meals, $6 combos, and fewer visits: McDonald’s barrage of deals isn’t winning customers back

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Current price of oil as of October 7, 2026
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Female Founders Fund is changing its strategy to get a bigger stake in the AI boom
Female Founders Fund is changing its strategy to get a bigger stake in the AI boom

The early-stage VC firm is loosening its ownership targets to “get access to category-defining female founders” in AI.

By Emma HinchliffeOctober 7, 2026
Dropbox’s CTO wants every employee at the cloud-storage company to use AI. He’s letting them find their own ways to use it
Dropbox’s CTO wants every employee at the cloud-storage company to use AI. He’s letting them find their own ways to use it
By John KellOctober 7, 2026
Tom Hale, CEO of Oura
Why Oura delayed its IPO
By Allie GarfinkleOctober 7, 2026
Saudi’s economic transformation collides with war and falling FDI 
Saudi’s economic transformation collides with war and falling FDI 
By Melissa HancockOctober 7, 2026
Pete Hegseth, US secretary of defense, during an address at Marine Corps Base Quantico in Quantico, Virginia, on Sept. 30, 2026. (Photo: Stefani Reynolds/Bloomberg/Getty Images)
What militaries could do with AI ‘keeps me up at night,’ OpenAI exec says
By Andrew NuscaOctober 7, 2026
Side-by-side photos of OpenAI CEO Sam Altman and Anthropic CEO Dario Amodei
AI is heading toward a cash-flow negative inflection point, and spending will slow in 2027, Wall Street thinks
By Jim EdwardsOctober 7, 2026
Latest stories from Fortune
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VivaTech entrance in Paris.
Newsletters
Europe’s AI wake-up call: Cybersecurity threats, sovereignty fears, and a growing demand for ROI dominated VivaTech
By Beatrice NolanJune 25, 2026
  • Kevin Warsh’s hawkish tone: What CEOs need to know about rates today
    Newsletters
    Kevin Warsh’s hawkish tone: What CEOs need to know about rates today
    By Diane BradyJune 18, 2026
Lux Capital cofounder Josh Wolfe’s limited-odds, high-stakes 2027 predictions
Newsletters
Lux Capital cofounder Josh Wolfe’s limited-odds, high-stakes 2027 predictions
By Allie GarfinkleJune 25, 2026
A 6 year study shows which CEOs are pushing RTO mandates: The ones with the biggest egos
Newsletters
A 6 year study shows which CEOs are pushing RTO mandates: The ones with the biggest egos
By Claire ZillmanJune 25, 2026
Micron drives global tech stock rally as traders abandon their fear of an AI bubble
Investing
Micron drives global tech stock rally as traders abandon their fear of an AI bubble
By Jim EdwardsJune 25, 2026
OpenAI CEO Sam Altman (left) and Broadcom CEO Hock Tan holding their new AI chip, “Jalapeño.” (Photo courtesy OpenAI)
Newsletters
OpenAI and Broadcom’s AI chip has a name: Jalapeño
By Andrew NuscaJune 25, 2026
How Home Depot is rebuilding retailing with AI
Newsletters
How Home Depot is rebuilding retailing with AI
By John KellJune 24, 2026
  • Whatnot is worth $11.5 billion—and its sellers just hit one billion orders
    Newsletters
    Whatnot is worth $11.5 billion—and its sellers just hit one billion orders
    By Allie GarfinkleJune 18, 2026
As America turns 250, women’s financial independence remains a work in progress
Newsletters
As America turns 250, women’s financial independence remains a work in progress
By Emma HinchliffeJune 24, 2026
As mega-funds grab 72% of all capital raised, the gap between VC’s haves and have-nots keeps widening
Newsletters
As mega-funds grab 72% of all capital raised, the gap between VC’s haves and have-nots keeps widening
By Allie GarfinkleJune 24, 2026
You can ignore Trump’s threats to leave NATO: Pimco says they’re a ‘paper tiger’
Economy
You can ignore Trump’s threats to leave NATO: Pimco says they’re a ‘paper tiger’
By Jim EdwardsJune 24, 2026
Business is moving past the tech bro era and learning to value ‘real people, real places’
Newsletters
Business is moving past the tech bro era and learning to value ‘real people, real places’
By Diane BradyJune 24, 2026
Tencent COO and interactive entertainment group president Ren Yuxin on July 9, 2020 in Shanghai, China. (Photo: Wu Jun/VCG/Getty Images)
Newsletters
Tencent winds down its Japanese game studio investments
By Andrew NuscaJune 24, 2026
  • France's President Emmanuel Macron (center) with Salesforce CEO Marc Benioff (left) and Anthropic CEO Dario Amodei (right) at a working lunch meeting at the G7 summit in Evian, France, on June 17, 2026.(Photo: Ludovic Marin/AFP/Getty Images)
    Newsletters
    AI chiefs call for regulation collaboration at the G7 summit
    By Andrew NuscaJune 18, 2026
Google DeepMind CEO Demis Hassabis (left) stands on a spiral staircase next to Google DeepMind researcher John Jumper.
Newsletters
Defections from Google DeepMind prompt questions about Alphabet’s efforts to stay at the forefront of AI
By Jeremy KahnJune 23, 2026
From Audrey Gelman to Bobbi Brown, second-time female founders are on the rise
Newsletters
From Audrey Gelman to Bobbi Brown, second-time female founders are on the rise
By Emma HinchliffeJune 23, 2026
Cred founder and CEO Kunal Shah. (Courtesy: Cred)
Newsletters
Meta’s latest reverse acqui-hire: Cred founder Kunal Shah
By Andrew NuscaJune 23, 2026
Saudi PIF’s governor wants the kingdom to become a global investment center
Newsletters
Saudi PIF’s governor wants the kingdom to become a global investment center
By Melissa HancockJune 23, 2026
Photo: SpaceX HQ.
Banking
Markets tumble worldwide as Fed resets expectations: $400 billion wiped off SpaceX stock
By Jim EdwardsJune 23, 2026
The CEO with real-time data on 1 in 6 American workers says stop worrying about jobs—and start thinking about tasks
Newsletters
The CEO with real-time data on 1 in 6 American workers says stop worrying about jobs—and start thinking about tasks
By Diane BradyJune 23, 2026
The WNBA turns 30—and women’s basketball is dreaming bigger than ever
Newsletters
The WNBA turns 30—and women’s basketball is dreaming bigger than ever
By Emma HinchliffeJune 22, 2026
Three coworkers sit around a computer.
Newsletters
The executive assistant role isn’t dying. It’s getting promoted
By Kristin StollerJune 22, 2026
Crypto’s most controversial governance idea is making a comeback
Newsletters
Crypto’s most controversial governance idea is making a comeback
By Ben WeissJune 22, 2026
Why Temasek’s CFO is moving into a new power role
Newsletters
Why Temasek’s CFO is moving into a new power role
By Angelica AngJune 22, 2026
Exclusive: Index Ventures, Union Square Ventures back trading app Fomo at $550 million valuation
Newsletters
Exclusive: Index Ventures, Union Square Ventures back trading app Fomo at $550 million valuation
By Ben WeissJune 22, 2026
Brian Niccol photographed at Chipotle's Cultivate Center in Irvine, CA on February 27, 2023.
C-Suite
AI is turning CMOs into some of the most powerful executives in business
By Ruth UmohJune 22, 2026
Shayne Coplan, CEO of Polymarket (center, smiling), with TKO Group president and COO Mark Shapiro (left), UFC president Dana White (right), and TKO Group CEO Ari Emanuel (far right) on the floor of the New York Stock Exchange on Nov. 13, 2025. (Photo: Michael Nagle/Bloomberg/Getty Images)
Newsletters
Those winning Polymarket bets on social media may not be real
By Andrew NuscaJune 22, 2026
Veteran Middle East CEO says business in the region isn’t retreating—it’s resetting
Newsletters
Veteran Middle East CEO says business in the region isn’t retreating—it’s resetting
By Diane BradyJune 22, 2026
Photo: President Trump
Energy
Wall Street is more focused on what Iranian officials are saying than Trump’s war-threat tweets
By Jim EdwardsJune 22, 2026
Fortune Archives: The moment Vietnam’s economy took a right turn
Newsletters
Fortune Archives: The moment Vietnam’s economy took a right turn
By Nicholas GordonJune 21, 2026
Google’s Ruth Porat takes a rosy view of AI’s impact on communities: ‘This is a job creator’
Newsletters
Google’s Ruth Porat takes a rosy view of AI’s impact on communities: ‘This is a job creator’
By Emma HinchliffeJune 18, 2026
Man pushing AI in a cart upwards.
Newsletters
AI’s free-for-all era may be coming to an end—as companies start counting the cost
By Beatrice NolanJune 18, 2026
We’ve now got the full text of the U.S.-Iran peace deal—and allies are appalled at the gains it hands to Iran
Banking
We’ve now got the full text of the U.S.-Iran peace deal—and allies are appalled at the gains it hands to Iran
By Jim EdwardsJune 18, 2026
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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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