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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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Former CIA official with Top Secret clearance admits to $194 million fraud, including 298 gold bars and four luxury South Florida properties

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

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

3

Former CIA official with Top Secret clearance admits to $194 million fraud, including 298 gold bars and four luxury South Florida properties
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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
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Upstart’s new millennial CEO, a Yale dropout, thinks AI can make every American 10% richer
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Upstart’s new millennial CEO, a Yale dropout, thinks AI can make every American 10% richer
By Diane BradyApril 24, 2026
  • The startup Blackstone just backed to turn any exec’s data question into instant answers
    Newsletters
    The startup Blackstone just backed to turn any exec’s data question into instant answers
    By Allie GarfinkleApril 17, 2026
AI security leaders gather in Washington as risks mount—and Mythos raises the stakes
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AI security leaders gather in Washington as risks mount—and Mythos raises the stakes
By Sharon GoldmanApril 23, 2026
What a Best Buy CEO exit and a fresh start at Lululemon reveal about leading through volatility
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What a Best Buy CEO exit and a fresh start at Lululemon reveal about leading through volatility
By Emma HinchliffeApril 23, 2026
Stephen and Ayesha Curry attend the LA premiere of Columbia Pictures and Sony Pictures Animation's "Goat" at the AMC Century City 15 in Los Angeles on February 6, 2026.
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Stephen and Ayesha Curry talk about the one habit that separates good business leaders from great ones
By Sheryl EstradaApril 23, 2026
Why Trump may hand taxpayers a majority stake in a failing airline: ‘Everything is a deal’
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Why Trump may hand taxpayers a majority stake in a failing airline: ‘Everything is a deal’
By Diane BradyApril 23, 2026
Colin Zima smiles while wearing a pink shirt
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Exclusive: Omni raises $120 million to fix one of AI’s biggest enterprise data problems
By Lily Mae LazarusApril 23, 2026
  • The first wave of bank earnings shows why ‘resilience’ is Wall Street’s favorite word
    Newsletters
    The first wave of bank earnings shows why ‘resilience’ is Wall Street’s favorite word
    By Diane BradyApril 17, 2026
Google's new TPU 8t and TPU 8i custom AI chips. (Photo courtesy Google)
Newsletters
Google rolls out its latest custom AI chips
By Andrew NuscaApril 23, 2026
Inside MS NOW: The women leading the new MSNBC
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Inside MS NOW: The women leading the new MSNBC
By Sydney LakeApril 22, 2026
Capcom, Virgin Voyages bet on AI to reshape gaming and cruise travel
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Capcom, Virgin Voyages bet on AI to reshape gaming and cruise travel
By John KellApril 22, 2026
In this photo illustration, Checkr logo is seen on a smartphone and on a pc screen.
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At $5 billion startup Checkr new employees build an app using AI during onboarding—even the new CFO
By Sheryl EstradaApril 22, 2026
Musk wanted to flee Delaware. This CEO wants to fix it
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Musk wanted to flee Delaware. This CEO wants to fix it
By Diane BradyApril 22, 2026
  • Netflix cofounder and chairman Reed Hastings on July 10, 2025 in Sun Valley, Idaho. (Photo: Kevin Dietsch/Getty Images)
    Newsletters
    End of an era: Reed Hastings steps down from Netflix
    By Andrew NuscaApril 17, 2026
The Godmother of Silicon Valley and her former student want to fix how healthcare gets built
Newsletters
The Godmother of Silicon Valley and her former student want to fix how healthcare gets built
By Allie GarfinkleApril 22, 2026
Cursor CEO Michael Truell on April 07, 2026 in San Francisco, California. (Photo: Big Event Media/Getty Images/HumanX)
Newsletters
SpaceX strikes a $60 billion deal for Cursor
By Andrew NuscaApril 22, 2026
Sequoia partner Julien Bek sitting on a stool and holding a microphone while speaking to an audience. Behind him is a stage that looks like a forest.
AI
Are services the new software? This venture capitalist thinks the future is in selling AI-delivered outcomes, not AI-powered products
By Jeremy KahnApril 21, 2026
Emma Grede’s blunt advice: ‘Nobody’s coming to hand you power—you have to take it’
Newsletters
Emma Grede’s blunt advice: ‘Nobody’s coming to hand you power—you have to take it’
By Emma HinchliffeApril 21, 2026
In this photo illustration, the Fermi America logo is seen displayed on a smartphone screen.
Newsletters
Fermi’s CFO resigns—just two days after the CEO stepped down
By Sheryl EstradaApril 21, 2026
Humble Hauler docks in a transport hub
Newsletters
Exclusive: Startup Humble debuts cabless autonomous truck targeting $900 billion U.S. freight industry
By Lily Mae LazarusApril 21, 2026
Newly appointed Apple CEO John Ternus (left) with outgoing CEO Tim Cook in Cupertino, Calif. (Photo courtesy Apple)
Newsletters
John Ternus becomes Apple CEO
By Andrew NuscaApril 21, 2026
Tim Cook’s exit is part of a CEO reckoning sweeping Corporate America
Newsletters
Tim Cook’s exit is part of a CEO reckoning sweeping Corporate America
By Diane BradyApril 21, 2026
I joined a founder lobbying Congress. This is the ‘winnable’ battle she’s fighting for women’s health
Newsletters
I joined a founder lobbying Congress. This is the ‘winnable’ battle she’s fighting for women’s health
By Lily Mae LazarusApril 20, 2026
Businessman being fired by company downsizing carrying a box of personal items
Newsletters
The AI layoff trap: How cutting headcount could backfire on corporate America
By Kristin StollerApril 20, 2026
Warren Buffett
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Warren Buffett’s favorite market indicator is flashing a warning
By Sheryl EstradaApril 20, 2026
The crypto industry and prediction markets share a mission of disruption—but it’s not clear where crypto fits in
Newsletters
The crypto industry and prediction markets share a mission of disruption—but it’s not clear where crypto fits in
By Jeff John RobertsApril 20, 2026
How Carvana survived a 99% stock plunge: ‘We’re very comfortable being the underdog’
C-Suite
How Carvana survived a 99% stock plunge: ‘We’re very comfortable being the underdog’
By Ruth UmohApril 20, 2026
elon musk
Newsletters
Private markets have soared to $10 trillion in AUM. But why have they underperformed public markets?
By Allie GarfinkleApril 20, 2026
Apple's Siri assistant on a MacBook Pro in San Francisco on Feb. 11, 2026. (Photo: Jason Henry/Bloomberg/Getty Images)
Newsletters
What to expect at Apple’s WWDC
By Andrew NuscaApril 20, 2026
Cisco’s John Chambers lived through the dot-com crash. He says the AI bubble is harder to navigate
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Cisco’s John Chambers lived through the dot-com crash. He says the AI bubble is harder to navigate
By Diane BradyApril 20, 2026
Fortune Archives: What work will be left for people to do?
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Fortune Archives: What work will be left for people to do?
By Geoff ColvinApril 19, 2026
She learned accounting before she was a teenager. Now she’s bringing Wall Street to the blockchain
Newsletters
She learned accounting before she was a teenager. Now she’s bringing Wall Street to the blockchain
By Sheryl EstradaApril 17, 2026
Meet the crypto guru to the Fortune 500
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Meet the crypto guru to the Fortune 500
By Sheryl EstradaApril 17, 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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$5 meals, $6 combos, and fewer visits: McDonald’s barrage of deals isn’t winning customers backplaceholder alt text
By Phil WahbaOctober 7, 2026
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Former CIA official with Top Secret clearance admits to $194 million fraud, including 298 gold bars and four luxury South Florida propertiesplaceholder alt text
By Catherina GioinoOctober 6, 2026
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