A mad scramble inside the Pentagon ahead of DOGE’s arrival
With Elon Musk’s cost cutters due any day, military leaders are eyeing bloated contracts, programs and legacy weapons systems.
David Jeans, Forbes Staff
CEO of Goldman Sachs-backed startup Slync sentenced to 20 years in prison
Chris Kirchner was arrested in 2023 following a Forbes investigation that revealed he overstated company financials and spent lavishly on personal expenses.
A secret ‘Electronic Warfare’ startup is raising US$15 million
CX2, which is still in stealth, is being led by serial entrepreneur Nathan Mintz, who co-founded the counter-drone unicorn Epirus.
Investors gave a teenager $85 million to build hydrogen weapons. It’s not going well
Ethan Thornton’s vision for Mach Industries wooed investors, but he has been hamstrung by technical challenges, safety hazards and a cavalier approach to leadership.
Binance CEO CZ Steps Down As Part Of $4 Billion Settlement With DOJ
The U.S. Department of Justice plans to settle charges with Binance after years of investigating the crypto exchange.
Sam Altman pushed out of OpenAI
Sam Altman has been pushed out of AI juggernaut Open AI after an internal review found he had not been forthcoming over representations made to the board.
Former Google CEO launched a $100 million company with his girlfriend. It’s not going well
Married billionaire Eric Schmidt launched a startup with 29-year-old entrepreneur Michelle Ritter while they were dating, blurring his professional and personal life.
Founder of Goldman Sachs-backed tech company Slync is charged with US$67 million fraud
Charges brought by the SEC and DOJ come months after Forbes reported that Chris Kirchner misrepresented company finances to the board.
FTX secretly used an exec’s company for loan to its Bahamian bank
The loan was among several deals struck with Jean Chalopin, the head of Deltec and Moonstone banks — and co-creator of Inspector Gadget — who forged a lucrative relationship with FTX.
‘The Devil in nerd’s clothes’: How Sam Bankman-Fried’s cult of genius fooled everyone
Crypto insiders paint a picture of a charismatic tech founder.