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Supermicro CEO: ‘No one’ beyond indicted employees were part of alleged $2.5 billion chip smuggling

Super Micro Computer CEO Charles Liang spoke out during the company’s fiscal third quarter earnings call to deliver a message. “No one” at the company besides three indicted employees—including cofounder Yih-Shyan “Wally” Liaw—were involved in what prosecutors have called an elaborate scheme to smuggle servers to China in violation of U.S. export controls, said Liang….

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A bizarre insurance scam was exposed as ‘clearly a human in a bear suit’ damaging luxury cars

Three people in California have been sentenced for insurance fraud in a bizarre scam that involved someone dressed in a bear costume damaging luxury cars. The California Insurance Department said the three used a person in a bear suit to stage fake attacks inside a Rolls-Royce and two Mercedes in 2024, then submitted fraudulent claims seeking nearly…

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