The U.S. SEC voted yesterday to propose new rules for special purpose acquisition companies (SPACs), casting a big shadow over the booming market. If adopted, these public shell companies — formed to acquire a business and take it public without the fuss of the traditional IPO process — would have to provide more investor disclosures, especially about their ownership and performance forecasts. In some cases, SPACs may have to register as investment companies, subjecting them to stricter rules.
In a jaw-dropping twist that reeks of conspiracy, Virginia Giuffre, the fearless accuser of Jeffrey Epstein and Prince Andrew, was found dead at her remote Western Australia farm on April 25, 2025, in what authorities hastily labeled a suicide. The 41-year-old mother of three, who bravely exposed the sordid underbelly of Epstein’s sex trafficking empire, allegedly took her own life just months after a bizarre car crash she claimed nearly killed her.