Word: barse
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Litt won't have to seek out publicity anytime soon. The prosecution has already taken heat publicly for not initially asking for Madoff to be put behind bars, instead of agreeing to bail.
What's more, Litt faced a setback this week when the judge refused to revoke Madoff's bail, after Litt revealed Madoff had sent more than a million dollars worth of jewelry to relatives in December. Some observers speculate prosecutors were using the threat of immediate jail time to pressure...
Every year at the end of August, the high priests of the U.S. financial system - the board of governors and staff of the Federal Reserve - gather at a remote resort high in the mountains near Jackson Hole, Wyo., and there, amid the Tetons, listen to lectures by invited economists on...
When it comes to bail vs. immediately putting a person behind bars, are white-collar criminals treated differently from perpetrators of other crimes? Yes. Most usually stay out on bail. Something like three-quarters of white-collar defendants, according to Department of Justice statistics, stay out on bail, compared to...
But while visitors have embraced the service - nearly 10,000 foreigners rode Karsten's bikes last year - locals remain ambivalent about it. Those in the tourism industry understand that the city makes a lot of money from the legions of tourists who come to Amsterdam to get drunk and stoned...