Dossier
Jai Patel
Coverage of Jai Patel in the Nexus archive.
- ‘Deficits are starting to return’: MTA faces fiscal headwinds as increased costs outpace fare revenue, officials say
The MTA faces growing budget deficits over the next four years as rising healthcare and fuel costs outpace fare revenue. Projected deficits will increase from $295 million in 2027 to nearly $900 million in 2030, driven by factors like a 100% rise in healthcare benefits and stagnant farebox revenue growth.
- CEO of bitcoin firm championed by Nigel Farage leaves company
Jai Patel, CEO of Stack BTC (a bitcoin company backed by Nigel Farage), has resigned. The firm, relaunched in March 2023 after liquidation, attracted high-profile investors like Farage and former UK Chancellor Kwasi Kwarteng. Patel's departure comes as the company aims to deliver 'long-term value' for shareholders.