Word: bernard
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Santander's only stumble has been steering some of its private-banking clients into Bernard Madoff's Ponzi machine through its Geneva-based Optimal hedge funds. It moved fast to make good, offering to repay 100% of the sums invested. Santander says 94% of its Madoff victims have accepted, costing the bank $648 million at current exchange rates. It also returned $235 million to the Madoff estate in a settlement of claw-back claims with U.S. trustee Irving Picard...
...This article originally stated that the Bernard Madoff scandal cost Santander $648 billion at current exchange rates. It was $648 million...
...prosecutors have charged Rothstein with swindling investors out of $1.2 billion over the past decade, a scam in which he got them to plow money into lucrative, securitized lawsuit settlements that usually turned out to be nonexistent. The alleged crime wasn't as massive as New York City financier Bernard Madoff's recent $50 billion Ponzi con, but the Mini-Madoff scheme has slapped the Sunshine State, already reeling from myriad corruption scandals of late, with one of its darkest stains in decades. "So many frauds have been committed here recently," says William Scherer, a Fort Lauderdale attorney representing some...
...Tatti center was bequeathed to Harvard in 1959 by art critic and connoisseur Bernard Berenson ’1887, according to Connors. Villa I Tatti offers fellowships to scholars in the “early phase of their careers” for up to about a decade after they earn their doctoral degrees to allow them to pursue independent research...
...received few updates since the day it opened 50 years ago - Dec. 16, 1959 - in a former Chinese laundry on North Wells Street in Chicago's Old Town neighborhood. The club, and the troupe that shares its name, was opened by three theater veterans and University of Chicago grads, Bernard Sahlins, Paul Sills and Howard Alk. They took the name from the condescending title of a New Yorker article about Chicago by A.J. Liebling, and the idea - an improvisational comedy show - from theater games developed by Sills' mother, actress and theater teacher Viola Spolin. (See the best...