Word: accountant
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...essence of my scheme was that I represented to clients and prospective clients who wished to open investment advisory and individual trading accounts with me that I would invest their money in shares of common stock, options and other securities of large well-known corporations, and upon request, would return to them their profits and principal. Those representations were false because for many years up and until I was arrested on December 11, 2008, I never invested those funds in the securities, as I had promised. Instead, those funds were deposited in a bank account at Chase Manhattan Bank. When...
...further cover-up the fact that I had not executed trades on behalf of my investment advisory clients, I knowingly caused false trading confirmations and client account statements that reflected the bogus transactions and positions to be created and sent to clients purportedly involved in the split strike conversion strategy, as well as other individual clients I defrauded who believed they had invested in securities through me. The clients receiving trade confirmations and account statements had no way of knowing by reviewing these documents that I had never engaged in the transactions represented on the statements and confirmations. I knew...
...years, I used yet another method to conceal my fraud. I wired money between the United States and the United Kingdom to make it appear as though there were actual securities transactions executed on behalf of my investment advisory clients. Specifically, I had money transferred from the U.S. bank account of my investment advisory business to the London bank account of Madoff Securities International Ltd., a United Kingdom corporation that was an affiliate of my business in New York. Madoff Securities International Ltd. was principally engaged in proprietary trading and was a legitimate, honestly run and operated business...
...Oceanography - is considerably higher than the estimates put forth in the U.N. Intergovernmental Panel on Climate Change's (IPCC) most recent assessment in 2007, which projected a sea-level rise of 18 to 59 cm by 2100. But the IPCC numbers were based on older data and took into account only the thermal expansion of the seas. (Water expands as it heats, so warmer seas rise.) The IPCC did not factor in the potentially far greater impact of melting ice caps in Greenland and Antarctica - Greenland alone has enough ice to raise sea levels by more than...
...camp there are those who believe the Republican Party must modernize its message to account for changing circumstances. The columnist David Brooks has called these people the "reformers." Against them are the "traditionalists," who believe that Republicans need only recommit themselves to Ronald Reagan's agenda to succeed again. (Read "Can Michael Steele Broaden the Grand Old Party...