Alleged Napster Funding Fraudster Faces Criminal and Civil Cases — Company ‘Never Received Any Money’ Despite the ...

Photo Credit: Napster The U.S. Attorney’s Office for the Southern District of New York formally announced a criminal indictment against the alleged fraudster yesterday, when the SEC filed a related civil complaint. Both cases arrive about seven months …

In Latest Twist For Napster, DOJ Says $3 Billion Investor Was Fake

Because its peer-to-peer file sharing software was so revolutionary for music fans, Napster looms large in the minds of a whole generation. Thus, the Napster IP has changed hands many times over the past quarter-century as companies including Roxio, Best …

Napster’s ‘$3bn investor’ charged with fraud as US authorities say the money never existed

US authorities have charged a North Carolina man with fraud, alleging that he used forged bank records and a fake banking website to obtain “hundreds of millions” of shares in Napster owner Infinite Reality without paying a cent. An indictment unsealed on …

DOJ charged a man with defrauding Napster out of 239 million shares using fake bank records

Napster’s $3 Billion Investor Was a Fake, DOJ and SEC Allege in Fraud Charges

U.S. authorities have accused a North Carolina man of conning Napster out of a massive ownership stake by falsely pledging $3.36 billion he never had. An indictment by the Department of Justice (DOJ), unsealed on Thursday (June 11) and obtained by …

239M Napster Shares Stolen By NC Man And Atty, SEC Says

By Bonnie Eslinger ( June 11, 2026, 5:41 PM EDT) -- The U.S. Securities and Exchange Commission filed a civil suit in New York federal court Thursday against a North Carolina resident and his lawyer over an alleged stock scheme, claiming they defrauded …

New York Times publisher warns journalism faces its ‘Napster moment’

The 77th World News Media Congress opened its doors on Monday at the Palais du Pharo in Marseille to a unanimous verdict: journalism is at an existential turning point, and generative AI is its primary accelerator. Speaking before more than 1,300 delegates …

Best films and shows based on real tech companies

The tech industry has always been stranger than fiction, which is probably why filmmakers keep returning to it. College dropouts who changed the world, founders who betrayed their co-founders, companies that collapsed despite being right about everything …

In early 2001, Linkin Park went stratospheric. Here's a snapshot of a band during blastoff

Follow us Add us as a preferred source on Google Newsletter Subscribe to our newsletter In 2001, it was easy to be suspicious about Linkin Park's authenticity. The band came out of nowhere as a complete package – memorable songs, great videos, spiky …

Is insurance facing its Napster moment?

FILE- In this Aug. 2, 2006 file photo, promotional Napster stickers are seen at the Napster studio in Los Angeles. (AP Photo/Damian Dovarganes, file) Artificial intelligence (AI) is the canary in the coal mine for the insurance industry, and the …