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Musk to step down as Tesla chairman, pay $20mn fine as settlement with SEC

By ethan / September 29, 2018

Elon Musk has settled with the US Securities and Exchange Commission, which had sued him for fraud over his tweets about taking Tesla private. Musk will have to step down as chairman, but gets to keep his CEO status. According to the settlement filing, Musk is given 45 days to step down as chairman of […]

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F1 star Lewis Hamilton under fire for ‘dodging tax’ on $20mn luxury jet

By ethan / November 7, 2017

British Formula 1 star Lewis Hamilton has been criticized for allegedly avoiding paying tax on a luxury jet he imported into England in 2013. The accusations are part of the Paradise Papers scandal which implicates some of the world’s wealthiest people.    According to leaked documents, Hamilton avoided paying tax on his luxury jet through […]

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