Trump’s civil fraud penalty scrapped: 5 takeaways

A divided appeals court has quashed a half-billion-dollar judgment against former President Donald Trump while leaving the underlying fraud case intact. The decision marks a pivotal twist in the ongoing legal battle led by New York Attorney General Letitia James.

Trump’s civil fraud penalty scrapped: 5 takeaways

Walmart hit with $10 million fine after allegedly enabling wire fraud

Walmart has agreed to a $10 million settlement following allegations by the Federal Trade Commission that it enabled scammers to defraud consumers across the nation through its money transfer services. Consumers were reportedly cheated out of hundreds of millions of dollars.

Walmart hit with $10 million fine after allegedly enabling wire fraud

EV truck maker Nikola goes bust

Electric truck maker Nikola has filed for Chapter 11 bankruptcy protection, bringing an end to its ambitious quest to revolutionize the heavy-truck industry. The company’s journey was marred by financial woes, production challenges, and fraud allegations that led to the imprisonment of its founder.

EV truck maker Nikola goes bust