SEC Files Lawsuit Against Veritaseum (VERI) Founder

The SEC has filed an emergency lawsuit against Veritaseum (VERI) and its founder Reginald Middleton with the New York Eastern District Court. The action aims to prevent Mr. Middleton from spending $8 million USD raised by the company in an ICO. “Knowingly Misled” VERI Investors The SEC alleges that Mr. Middleton “knowingly misled” investors about…

PETA Founder ‘Unleashed’ in New Music Video

Check out iAmAnimal’s first-ever music video, “Unleash”, which was created to inspire viewers and support the animal rights movement. The song was written and performed by Kunal Avanti, one of the driving forces behind iAmAnimal. The captivating video, scenes from which were shot in the Himalayas, features many prominent figures in the animal protection movement,…

Superdry founder promises revival after £85m loss

Image caption Julian Dunkerton co-founded Superdry in 2003 Superdry founder Julian Dunkerton says he is trying to “steady the ship” after the fashion retailer reported an £85m annual loss. Mr Dunkerton returned to the firm in April, after a lengthy campaign against the previous management, who he said had a “misguided” strategy. As well as…

Primark founder Arthur Ryan dies

Image copyright Associated British Foods Primark founder and chairman Arthur Ryan has died after a short illness, the budget fashion chain has announced. Mr Ryan established the High Street retailer as Penneys in 1969 in his hometown of Dublin in Ireland. Fifty years on, the chain has expanded to over 350 stores in 11 countries…

Huawei founder says firm to cut output amid US curbs

Image copyright Getty Images Image caption Ren Zhengfei said Huawei would “regain vitality” in 2021 Huawei founder Ren Zhengfei has said the Chinese telecoms giant will slash production by $30bn (£23.9bn) over the next two years as a US-led backlash against the firm intensifies. Speaking at the firm’s headquarters, Mr Ren said sales were expected…