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Billionaire Bucks Co-Owner Alleges $1 Billion Blackmail Plot After Affair With China-Born Entrepreneur
Billionaire Bucks Co-Owner Alleges $1 Billion Blackmail Plot After Affair With China-Born Entrepreneur
Wesley Edens, billionaire investor and co-owner of the Milwaukee Bucks, replied to a 2022 LinkedIn message from Changli Sophia Luo, a China-born founder of a small Manhattan nonprofit that produced interview videos. Their exchanges turned personal; by June 2023 they met at her apartment and had sex, according to the Wall Street Journal, citing prosectuors.
What followed, authorities say, became an extortion case. Luo was indicted for allegedly trying to extract over $1 billion by threatening to release...
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As a US attack on Iran appears increasingly likely, White House Press Secretary Karoline Leavitt claimed on Wednesday that there are “many reasons” for the US to bomb the country, but declined to elaborate further, as the administration hasn’t given a coherent reason for the potential war. Leavitt made the comments when asked why a […]
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No Laughing Matter
No Laughing Matter
By Bas van Geffen, senior macro strategist at Rabobank
In her State of the Union speech, European Commission President Von Der Leyen summarized that the European Union is stronger than ever, but that the state of the Union is also as precarious as it has ever been. Speeding up the overhaul of the Single Market is an imperative in this context. She acknowledged that the European Union is under attack, both economically and physically: “hybrid threats facing Europe are less and less hybrid and less and less threats.
The...
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