Billionaire Bucks Co-Owner Alleges $1 Billion Blackmail Plot After Affair With China-Born Entrepreneur Wesley Edens, billionaire investor and co-owner of the Milwaukee Bucks, replied to a 2022 LinkedIn message from Changli Sophia Luo, a China-born founder of a small Manhattan nonprofit that produced interview videos. Their exchanges turned personal; by June 2023 they met at her apartment and had s...
Billionaire Bucks Co-Owner Alleges $1 Billion Blackmail Plot After Affair With China-Born Entrepreneur Wesley Edens, billionaire investor and co-owner of the Milwaukee Bucks, replied to a 2022 LinkedIn message from Changli Sophia Luo, a China-born founder of a small Manhattan nonprofit that produced interview videos. Their exchanges turned personal; by June 2023 they met at her apartment and had sex, according to the Wall Street Journal , citing prosectuors. What followed, authorities say, became an extortion case. Luo was indicted for allegedly trying to extract over $1 billion by threatening to release explicit images and videos . Prosecutors claim she repeatedly contacted Edens’s relatives, warned she would approach investors, and vowed to ruin him. She faces four charges, including blackmail and evidence destruction, and has pleaded not guilty. Released on $500,000 bond, she awaits trial. Edens was not initially named, but a spokesman confirmed he is “Victim-1.” He reported the matter over safety concerns and is expected to testify. His side declined further comment: “Mr. Edens will be making no comment on the case as the indictment speaks for itself with respect to the charges against the defendant.” The WSJ writes that Luo’s attorneys argue she sought accountability for what they describe as “an inappropriate and aggressive sexual encounter,” asking the court to dismiss the case. Federal prosecutors have not commented. The dispute highlights reputational risks when personal relationships involving high-profile figures unravel. Victims often hesitate to involve authorities, partly because cases can expose private details. “Extortion victims usually don’t want to cooperate, and don’t want to go to the government—for the very reasons that extortion or blackmail work,” said defense lawyer Scott R. Wilson. Investigators began looking into Luo in early 2025 after Edens’s lawyer contacted the Manhattan U.S. attorney’s office. After their encounter, Luo sent Edens a m...
IonQ (NYSE:IONQ) , developer of trapped-ion quantum computers and software for complex problem-solving, closed Monday at $56.89, up 15.54%. The stock moved higher after SkyWater Technology shareholders approved their merger agreement. Investors are watching how the deal boosts IonQ’s in-house chip capacity and U.S.-based packaging capabilities. The company’s trading volume reached 55.9 million sha...
IonQ (NYSE:IONQ) , developer of trapped-ion quantum computers and software for complex problem-solving, closed Monday at $56.89, up 15.54%. The stock moved higher after SkyWater Technology shareholders approved their merger agreement. Investors are watching how the deal boosts IonQ’s in-house chip capacity and U.S.-based packaging capabilities. The company’s trading volume reached 55.9 million shares, which is about 110% above compared with its three-month average of 26.6 million shares. IonQ went public in 2021 and has grown 427% since its IPO. The S&P 500 (SNPINDEX:^GSPC) added 0.19% to finish Monday at 7,412.84, while the Nasdaq Composite (NASDAQINDEX:^IXIC) inched up 0.10% to close at 26,274. Among quantum computing industry peers, D-Wave Quantum closed at $24.03 (+6.47%) and Rigetti Computing finished at $20.51 (+8.29%), reflecting broader enthusiasm for the space. Continue reading
Exchange Income press release ( EIFZF ): Q1 Non-GAAP EPS of $0.61. Revenue of $867M (+29.7% Y/Y) beats by $269.03M . 2026 Guidance Update Based on the first quarter results we expect that our Adjusted EBITDA for Fiscal 2026 to be in the range of $825 million to $875 million with an updated bias to the upper end of the range. More on Exchange Income Exchange Income: Sold Off Some Months Ago Due To ...
Exchange Income press release ( EIFZF ): Q1 Non-GAAP EPS of $0.61. Revenue of $867M (+29.7% Y/Y) beats by $269.03M . 2026 Guidance Update Based on the first quarter results we expect that our Adjusted EBITDA for Fiscal 2026 to be in the range of $825 million to $875 million with an updated bias to the upper end of the range. More on Exchange Income Exchange Income: Sold Off Some Months Ago Due To Valuation (Rating Downgrade) Exchange Income Corporation (EIF:CA) Q4 2025 Earnings Call Transcript Exchange Income prices inaugural $600M investment-grade senior unsecured notes Historical earnings data for Exchange Income Dividend scorecard for Exchange Income
When given the options of "true," "false" or "not sure," and asked whether each of the incidents "was staged," a majority of respondents said they thought each event was either staged or were unsure. (Image credit: Mandel Ngan)
When given the options of "true," "false" or "not sure," and asked whether each of the incidents "was staged," a majority of respondents said they thought each event was either staged or were unsure. (Image credit: Mandel Ngan)
Super Group press release ( SGHC ): Q1 GAAP EPS of $0.17 misses by $0.01 . Revenue of $612M (+18.4% Y/Y) beats by $26.66M . Profit for the period was $86 million for the first quarter of 2026, by comparison, profit for the period for the first quarter of 2025 was $59 million. Adjusted EBITDA, a non-GAAP financial measure, increased by 36% to $152 million for the first quarter of 2026 compared to $...
Super Group press release ( SGHC ): Q1 GAAP EPS of $0.17 misses by $0.01 . Revenue of $612M (+18.4% Y/Y) beats by $26.66M . Profit for the period was $86 million for the first quarter of 2026, by comparison, profit for the period for the first quarter of 2025 was $59 million. Adjusted EBITDA, a non-GAAP financial measure, increased by 36% to $152 million for the first quarter of 2026 compared to $111 million in the first quarter of 2025. Cash and cash equivalents was $422 million as of March 31, 2026 compared to $513 million at December 31, 2025. Reaffirming FY2026 Revenue and Adjusted EBITDA guidance: Revenue >$2.55 billion and Adjusted EBITDA >$680 million More on Super Group Super Group Q4 Review: Fantastic Shift Of Strategy (Rating Upgrade) Super Group (SGHC) Limited (SGHC) Q4 2025 Earnings Call Transcript Super Group reports Q4 results Seeking Alpha’s Quant Rating on Super Group Historical earnings data for Super Group
Nikada/iStock Unreleased via Getty Images We have written before on AvePoint, Inc. ( AVPT ), here and here . The data management service provider should have a strong tailwind from the AI revolution, which puts a premium on data quality and governance. AVPT IR presentation Indeed, management emphasizes that data governance is no longer back-office hygiene but a prerequisite for AI adoption. Many o...
Nikada/iStock Unreleased via Getty Images We have written before on AvePoint, Inc. ( AVPT ), here and here . The data management service provider should have a strong tailwind from the AI revolution, which puts a premium on data quality and governance. AVPT IR presentation Indeed, management emphasizes that data governance is no longer back-office hygiene but a prerequisite for AI adoption. Many organizations face trust issues with AI tools like Microsoft Copilot due to poor data quality or lack of governance, which AvePoint directly addresses, from the Morgan Stanley Presentation : And this is probably going back two years ago. The Copilot inside of 365, for us, that creates another - it's just another productivity app, where organizations that first turned that on were starting to have concerns, wait, I turned Copilot on, and I'm asking it to go find me the latest employee handbook, and it brings back a bunch of information, and is that information curated, is the information accurate? Organizations immediately came back to us and said, look, we want to make sure we're looking at our data state and we're putting the right controls in place. Can you help us? So it wasn't that the Copilot was something we were solving. It was that Copilot triggered off a thought in the organization that really said, we probably need to go get data state ready for what's coming. Fast forward two years later, we're now in a year where I think a lot of organizations are seeing the opportunity and the possibility to work not just with Copilot but other models. AVPT IR presentation And its product portfolio: AVPT IR presentation Strategic Positioning: The Trust Layer for AI Management noted that customer conversations have shifted from general AI productivity to enterprise trust, focusing on how to govern and operate AI safely at scale. This demand for AI-trust plays into the company's cards as it positions itself above the commoditized infrastructure layer (chips and hardware) and benea...