All articles tagged with #radioshack
The SEC alleges that Retail Ecommerce Ventures, which bought RadioShack out of bankruptcy, ran a $112 million Ponzi scheme by falsely promising high returns and misusing investor funds, with key executives facing fraud charges.
Owners of Retail Ecommerce Ventures, who acquired brands like RadioShack and Pier 1 Imports, are accused by the SEC of running a $112 million Ponzi scheme, misleading investors about the profitability of their acquisitions and using new investor funds to pay returns and cover obligations.
The TRS-80 MC-10 was an inexpensive 1980s home computer by RadioShack, featuring a color display and 4K RAM, but it failed commercially due to stiff competition and limited features, contributing to the broader market saturation and the 1980s video game crash.
A check signed by Steve Jobs and made out to RadioShack is up for auction, with an estimated value of over $25,000. The check has a connection to the origin story of Apple, as RadioShack played a role in Steve Wozniak's early computer experiments. Wozniak used a RadioShack computer to build an illegal device called the "blue box," which led to the first business partnership between Wozniak and Jobs. Without RadioShack's influence, there may not have been an Apple.