Wall Street Breakfast Hedge fund co-founder claims $7M coup scam
Jun 26, 2025
A hedge fund co-founder reportedly fell victim to a $7M scam funding a coup in South Sudan. Meanwhile, Jeff Bezos is actively pursuing contracts for Blue Origin amid the fallout from a rivalry with Trump and Musk. In tech news, Nvidia reaches a record high, reclaiming its title as the most valuable company. Other headlines touch on legal action against Booking.com for inflated prices and AT&T's transition from copper to fiber optics. It's a jam-packed discussion on the latest twists and turns in the investment world!
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Jane Street Co-founder Duped
- Robert Granary, co-founder of Jane Street Capital, was allegedly scammed into funding a South Sudan coup.
- He transferred $7 million for weapons believing he supported a human rights cause but was deceived by fraudsters.
Bezos Uses Feud for Contracts
- Jeff Bezos and Blue Origin are leveraging the Trump-Musk feud to pursue more government contracts.
- This political dynamic might allow Blue Origin to gain an edge over SpaceX.
NVIDIA's Growth in AI and Robotics
- NVIDIA reached a record high and reclaimed its status as the world's most valuable company.
- CEO Jensen Wong highlighted AI and robotics as massive future growth areas for the chipmaker.