Elon Musk ‘borrowed $1bn from SpaceX’ at same time as Twitter acquisition
Elon Musk reportedly took out a $1bn loan from his company SpaceX the same month that he acquired Twitter, now known as X, according to theWall Street Journal. SpaceX approved the loan – which was secured by some of his stock in the company – in October 2022, according to the Journal. That same month, Mr Musk drew all of it down. The SpaceX founder returned the $1bn – with interest – to the company one month later, the Journal reported. It’s unclear why the richest person in the world now and in October 2022, when he took over the social media giant, took out the loan. He bought the social media company for $44bn, which seemed to contribute to him losing that top slot, until he was renamed the world’s richest person in June 2023. The publication also noted that in November 2022, when he repaid the loan, Mr Musk sold $3.95bn in shares in another one of his companies, Tesla. The following month, he sold another $3.58bn in Tesla stock. That year in total, Mr Musk had sold nearly $23bn worth of Tesla stock since April – fuelling speculation that the funds were likely going toward his social media platform acquisition. This isn’t the first time that Mr Musk has taken out money from one of his ventures to aid another. In 2009, Mr Musk reportedly borrowed $20m from SpaceX to support Tesla. More recently, in 2015 and 2016, SpaceX poured $330m in bonds into his solar panel company SolarCity. Tesla ended up acquiring SolarCity in 2016. SpaceX has recently come under fire, as the Justice Department sued the company last month for alleged hiring discrimination practices. SpaceX’s “discriminatory hiring practices were routine, widespread, and longstanding, and harmed asylees and refugees,” the filing stated. The Independent has reached out to SpaceX for comment. Read More Starship ‘ready to launch’, Elon Musk says Elon Musk calls Burning Man ‘best art on Earth’ amid chaos that saw thousands stranded and one dead Elon Musk vows to sue ADL for calling him antisemitic after he promoted antisemitic campaign on X
2023-09-06 23:15
America Movil prioritizing peso-denominated debt, CFO says
Mexican telecommunications giant America Movil is looking to increase the percentage of its debt held in pesos, Chief
2023-09-06 22:57
Wall Street Journal: China bans use of iPhones for government officials
China has banned the use of iPhones for central government officials, The Wall Street Journal reported, citing unnamed people familiar with the matter.
2023-09-06 22:46
Gilgo Beach serial killer suspect hit with lawsuit over $70k in unpaid wages at architecture firm
Gilgo Beach serial killer suspect Rex Heuermann has been hit with a lawsuit over $70,000 in unpaid wages to a former assistant at his Manhattan architecture firm. In what marks the latest legal problem for the accused murderer, New York state’s Labor Department sued Mr Heuermann on Tuesday for labour violations. The lawsuit accuses the 59-year-old father-of-two of failing to pay outstanding damages to former employee Donna Sturman. From February 2017 to March 2018, Ms Sturman worked as an executive assistant at RH Consultants & Associates – the architecture business Mr Heuermann founded in 1994. During her employment, Mr Heuermann and his firm paid her below New York’s state’s minimum wage – effectively stealing $20,908.10 in wages from her, according to the suit. This included $9,454.56 in vacation pay that Ms Sturman was owed. In 2021 – two years before he was arrested on suspicion of being the serial killer who terrorised the shores of Long Island one decade before – Mr Heuermann and his firm agreed to settle the lawsuit for $84,945.84. As well as the unpaid wages, the settlement included interest, damages and civil penalties. Since then, Mr Heuermann has made just one payment of $16,385 and so still owes $68,560.84 in payments, the lawsuit claims. The lawsuit is the least of Mr Heuermann’s troubles as he sits behind bars charged with the murders of three women. The 59-year-old married father-of-two was taken into custody on 13 July when he left his architecture firm office in Midtown Manhattan and officers swooped on him in the centre of the city. He was charged with the murders of Megan Waterman, Melissa Barthelemy and Amber Costello. He is also the prime suspect in the murder of Maureen Brainard-Barnes – who was last seen alive in early June 2007 in New York City and who, with the three other women, is known as the “Gilgo Four”. All four women worked as sex workers and disappeared after going to meet a client. They were all found in December 2010 within one-quarter mile of each other, bound by belts or tape and some wrapped in burlap – their bodies dumped along Gilgo Beach. They are among 11 victims whose remains were found along the shores of Long Island in 2010 and 2011, sparking fears of one or more serial killers. His arrest is said to have caught his loved ones off guard and plunged them into Vess Mitev, who began representing his adult children Victoria Heuermann, 26, and Christopher Sheridan, 33, after their father’s arrest, told The Independent that the family are now living in a “surreal hellscape”. “The Heuermann children have been living in a constant, surreal, waking nightmare,” he said. “Just because the news coverage doesn’t continue or it’s not in the news on a daily basis each day, for them it’s every day, it’s every moment. It’s the moment they wake up to the moment they go back to sleep again. “It’s a situation you wouldn’t want to wish on anyone. It’s not a reality.” He added: “Their focus has just been on managing their basic daily needs. We have specific, fundamental needs that we require to survive as people and that has really been their primary goal as their resources have been depleted completely or are no longer available to them. “Their basic needs such as food, clothing, shelter and a safe space to sleep in have been all but obliterated. They’re trying to piece back together those very basic but yet so vital things that most of us take for granted.” Mr Mitev also hit out at the “wild conspiracy theories” that the family may have known about his alleged crimes saying that they “shouldn’t even be dignified with a response”. “These allegations shouldn’t even be dignified with a response,” he said. “But they are emblematic of someone with a thirst for the spotlight – an unquenchable thirst.” The pushback comes after Long Island attorney John Ray accused Mr Heuermann’s wife Asa Ellerup of being involved in her husband’s alleged killing spree. Speaking at a press conference last month, Mr Ray – who represents the families of two Gilgo Beach victims Shannan Gilbert and Jessica Taylor – claimed that Ms Ellerup should be treated as a suspect in the case. “It’s part of one large criminal enterprise,” he said. “She should be considered a suspect and not just a bystander or someone who’s been victimised by her husband.” Mr Ray has offered no evidence for this claim and Long Island officials are not treating Ms Ellerup, Ms Heuermann or Mr Sheridan as suspects. Court documents laying out the case against Mr Heuermann have stated that his family members were all out of town at the time of the killings. When asked about the allegations levelled by Mr Ray, Mr Mitev slammed the fact that the “wild conspiracy theories” should even need to be addressed. Instead of fending off unfounded claims about their own lives, Mr Mitev said that Victoria and Christopher are simply trying to survive after being thrust into the national spotlight when their father was arrested for three of the murders that terrorised the Long Island shores over a decade ago. At the time of his bombshell arrest, the adult children still lived with their father and mother Asa Ellerup at the family home in Massapequa Park – a stone’s throw from Gilgo Beach where victims’ bodies were dumped. Mr Mitev has previously revealed that the family are considering legal action against Suffolk County officials after they say their home was left “in a deplorable condition” from the two-week long police search. Photos reveal holes cut out of bathtubs, the garden excavated and belongings strewn all over and piled up high in the home that the family of four shared. Since then, Mr Heuermann’s children and wife have been spotted sitting outside their home – as Mr Mitev said the inside of the home is too much of a mess to be in. “The reason they’ve been photographed so much on the front porch is not because that’s where they congregate but it’s that they have nowhere to sit inside because of the absolute ransacking of the home,” he said. For now, the family members are just thankful for the kindness of strangers after receiving an outpouring of support from an unlikely source. Melissa Moore, the daughter of the notorious Happy Face Killer Keith Hunter Jesperson, launched a GoFundMe campaign to help them as she compared their experiences discovering that a close family member had spent years leading a “double life” as an alleged serial killer. As of 6 September, the GoFundMe had topped $53,000 in donations. “They really do appreciate the outpouring of support and emotional solidarity. They’re not looking for anything and not looking for any of this,” said Mr Mitev. “The one thing they want is to get some semblance of private life back.” Read More Attorney for Gilgo Beach murder suspect’s children hits back at claims family knew about alleged crimes Police investigating claim that missing South Carolina woman was last seen with Gilgo Beach murders suspect Scandal-plagued former Gilgo Beach police chief arrested for soliciting sex from undercover officer in park
2023-09-06 22:27
Bleat Along to Classic Holiday Tunes With This Goat Christmas Album
The music might be silly, but it's kind of catchy—and all for an excellent cause.
2023-09-06 22:21
Trump's Truth Social merger partner granted key extension to avoid liquidation
Digital World Acquisition Corp., the blank-check firm seeking to merge with former President Donald Trump's media company, will get another extension to complete its troubled deal.
2023-09-06 21:58
Reese Witherspoon sells her fashion brand, Draper James
Private equity group Consortium Brand Partners announced Wednesday it has acquired actress Reese Witherspoon's fashion and lifestyle brand, Draper James, through a majority stake.
2023-09-06 21:20
US Open Semifinal Tickets: How Much Does It Cost to Get In?
US Open Semifinal Tickets: How Much Does It Cost to Get In?
2023-09-06 20:54
5 Cowboys that deserve stronger Hall of Fame consideration
The Cowboys are well-represented in the Pro Football Hall of Fame but more than a few of the greatest players in franchise history are still waiting for recognition.
2023-09-06 20:50
Winsford paedophile posed as model scout to groom victims online
David Harmes, 27, found children on TikTok and Snapchat and told them they were "perfect" for modelling.
2023-09-06 20:45
Cubans face ‘human trafficking’ over Russian deals luring them into Ukraine war: ‘A great way to make money’
Cuban nationals are being offered contracts worth $2,000 (£1,600) a month and potential Russian citizenship for them and their families as part of a targeted campaign to recruit them to fight in Ukraine. Earlier this week, Cuba's Foreign Ministry announced it was working to "neutralise and dismantle" a human trafficking ring that is coercing its citizens into fighting for Moscow. "The Ministry of the Interior... is working on the neutralization and dismantling of a human trafficking network that operates from Russia to incorporate Cuban citizens living there, and even some from Cuba, into the military forces participating in war operations in Ukraine," the Cuban government statement said. Now, new details have emerged about a number of groups on social media offering help to get Cuban men recruited into the Russian army. The Moscow Times spoke to one woman who would help facilitate Cubans signing one-year contracts with the Russian army offering a monthly income of 204,000 roubles – and that even those without a passport could sign up with a letter confirming their immigration. “If you don’t have a passport, but you have a photo, then that’s already good. But even if you don’t have a photo, we can sign [a contract],” she told the outlet, saying that she had helped a number of Cubans reach the frontlines in Ukraine. In late May, a Russia newspaper in Ryazan city reported that several Cuban citizens had signed contracts with Russia's armed forces and had been shipped to Ukraine in return for Russian citizenship. The Moscow Times reported that social media posts suggest the woman they spoke to lives in or near Ryazan. Last year, Russia announced a plan to boost the size of its armed forces by more than 30 per cent to 1.5 million combat personnel, a lofty goal made harder by its heavy – but officially undisclosed – casualties in the war. President Vladimir Putin also signed an order reducing the minimum service for international military recruits from five years down to one year, with the chance at fast-track citizenship once their service was completed. Moscow has yet to respond to Cuba's accusations. Russia has strong ties to communist-run Havana and the Cuban Defence Ministry's statement is a rare rebuke given that Cuba has previously criticised Western nations over their support for Ukraine. The defense ministers of Cuba and Russia have discussed the development of joint "technical military" projects at a meeting in Moscow. But Cuba says it is "not part of the war in Ukraine," "[Cuba] is acting and will act energetically against anyone... who participates in any form of human trafficking for the purpose of recruitment of Cuban citizens as mercenaries to use arms against any country," the Defence Ministry said, adding that criminal proceedings had started against some of those involved. The Moscow Times also spoke to two Cuban men who said they were looking to serve Russia's military. “I know that they pay very well, and it’s a great way to make a lot of money quickly,” one of the men said. “They pay a lot, and I need the money. I’ll probably later stay in Russia,” the other added. Reuters contributed to this report
2023-09-06 20:29
Exclusive-Biden administration moving to escalate energy trade dispute with Mexico
By Jarrett Renshaw and David Lawder President Joe Biden's administration has asked U.S. energy companies to prepare affidavits
2023-09-06 20:26