Must Read Money Stories For Friday, May 15

by May 15, 2015


Of IP addresses and hit men. Wired posted the second, and final, installment of its gripping inside account of the take down of the illicit online marketplace known as Silk Road. It’s a long one, but well worth the time. And if you missed Part 1, you can find it here.

Big fine for big pollution. The nation’s largest electric power holding company plead guilty on Thursday to violating federal environmental crimes. Duke Energy will pay $102 million in fines and restitution for dumping coal ash into the Dan River in North Carolina. The Charlotte Observer says 39,000 tons of coal ash made it into the river, and the fine is one of the highest ever paid for violations of the Clean Air Act.

Google wields its power. Buzzfeed got a hold of an email from one of Google’s lobbyists to an official at the Federal Trade Commission. The email gives a behind-the-scenes glimpse of “the extent to which Google has tried to wield influence in Washington,” according to Buzzfeed. In the email, Google’s lobbyist requests a more thorough response from the agency over a Wall Street Journal story that mentioned possible antitrust issues in parts of the search giant’s business.

Start me up. So, apparently, Coca-Cola has decided to help incubate new startup businesses. Business Insider reports the soda giant is looking to solve some major issues in how to deliver its products around the world. And it’s trying to harness the energy and commitment of new startups to get it done.

A big no-no. ABC anchor George Stephanopoulos is apologizing for a $75,000 donation to the Clinton Foundation. Politico and the Washington Free Beacon broke the story on Thursday.