SEC sues Musk for fraud, seek to remove him from Tesla

NEW YORK/SAN FRANCISCO (Reuters) – The U.S. Securities and Exchange Commission on Thursday accused Tesla Inc (TSLA.O) Chief Executive Elon Musk of fraud and sought to remove him from his role in charge of the electric car company, saying he made a series of “false and misleading” tweets about potentially taking Tesla private last month.

Musk, 47, is the public face of Tesla and losing him would be a big blow for the money-losing car maker which has ...

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Secret Service Warns of Surge in ATM ‘Wiretapping’ Attacks

The U.S. Secret Service is warning financial institutions about a recent uptick in a form of ATM skimming that involves cutting cupcake-sized holes in a cash machine and then using a combination of magnets and medical devices to siphon customer account data directly from the card reader inside the ATM.

According to a non-public alert distributed to banks this week and shared with KrebsOnSecurity by a financial industry source, the Secret Service has received multiple reports about a complex form of ...

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Virtual Singapore could be test bed for planners, and plotters

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U.S. fintech startup Stripe valued at $20 billion in latest funding round

(Reuters) – Payments startup Stripe said on Wednesday it has raised $245 million in funding, better positioning the company to expand to new markets globally and attract bigger customers.

Patrick Collison, co-founder and CEO at Stripe, delivers a keynote speech at the Mobile World Congress in Barcelona, Spain February 24, 2016. REUTERS/Albert Gea

The new funding round values San Francisco-based Stripe, whose products make it easier for companies to accept online payments ...

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