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Does crime pay?
Wall Street Crime and Punishment is a weekly series by Benzinga s Phil Hall that chronicles the bankers, brokers and financial ne’er-do-wells whose ambition and greed take them in the wrong direction.
Roughly six decades before Elon Musk joined the executive team at
Tesla Inc (NASDAQ: TSLA), another brash and self-confident innovator sought to shake up the automotive industry with bold new ideas.
But unlike everyone’s favorite dogecoin-touting entrepreneur, Preston Tucker never managed to complement his engineering genius with financial prowess. As a result, Tucker’s efforts were detoured due to quirky financial strategies resulting in a federal trial that destroyed his reputation and set the cause of independent automobile manufacturing back by nearly 60 years.
- January 26, 2010, 3:31 AM
Right now, two towns on opposite sides of the U.S. are fighting to restrict business jet access at their local airports. On Florida’s Gulf Coast, Venice Airport is under siege; on the West Coast, it’s Santa Monica (Calif.) Airport that’s on the defensive. Although the two towns are going about their efforts differently, each has its airport in its sights and has already started shooting.
The town of Venice has steadfastly refused to allow the FBO on the field–Venice Jet Center–to build more hangars, fearing these would attract more jet traffic. And despite the FAA repeatedly decreeing that Venice allow the hangars, the city has rebuffed the FAA’s authority and spent armloads of taxpayer money in lawyer fees to fight the agency’s ruling.
Air Force unveils paint scheme for auto racers
Air Force Recruiting Service and their partners at Richard Petty Motorsports and Ed Carpenter Racing introduced their newest paint scheme to honor the Tuskegee Airmen for the 2021 race season, Tuesday, April 20, 2021. (Courtesy image)
JOINT BASE SAN ANTONIO-RANDOLPH, Texas Air Force Recruiting Service and its partners at Richard Petty Motorsports and Ed Carpenter Racing introduced their newest paint scheme April 20, which pays homage to the original trailblazers, the Tuskegee Airmen.
The red tails, yellow stripes and star emblem aren’t just a visual cue, but a reminder great things can happen when people celebrate their differences.
FAIRFIELD-SUISUN, CALIFORNIA
Louis Moore, a 98-year-old Chinese-American World War II veteran, salutes the presentation of the flags by the Quartz Hill Young Marines, before holding a book signing event at the American Legion Post 311, Sunday, April 25, 2021, in Lancaster. Moore published a book, Eternal Love, about his 74-year marriage to Nellie, a Japanese-American dancer who had been incarcerated in an American internment camp. (Gary Coronado / Los Angeles Times/TNS)
After WWII and the Japanese incarceration, they fell in love; at 98, he’s published a memoir
LOS ANGELES Louis Moore couldn’t stop staring at the dancer, third from the right in the chorus line, at the China Doll nightclub in New York City.