investing

22h

“Incalculable” Damage: How a “We Buy Ugly Houses” Franchise Left a Trail of Financial Wreckage Across Texas
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Charles Carrier is accused of orchestrating a yearslong Ponzi scheme, bilking tens of millions of dollars from both wealthy investors and older people with modest incomes. Despite signs of trouble, HomeVestors didn’t intervene.
https://www.propublica.org/article/homevestors-fraud-charles-carrier-texas?utm_source=mastodon&utm_medium=social&utm_campaign=mastodon-post

48d

How Elon Musk’s SpaceX Secretly Allows Investment From China
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As a U.S. military contractor, SpaceX sees allowing Chinese ownership as fraught. But it will allow the investment if it comes through secrecy hubs like the Cayman Islands, court records say. “It is certainly a policy of obfuscation,” an expert said.
https://www.propublica.org/article/elon-musk-spacex-allows-china-investment-cayman-islands-secrecy?utm_source=mastodon&utm_medium=social&utm_campaign=mastodon-post