Word: brotherism
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Rumpled and round, he was intensely cerebral, with a deeply speculative mind that focused on more than just business. He was involved in liberal politics, employing both Vernon Jordan and, for several years, Rahm Emanuel. And he loved the media. The brother of deceased playwright Wendy Wasserstein, he edited his college newspaper as a teenager, interned at Forbes magazine and, over the past decade, assembled and sold American Lawyer Media, founded The Deal and acquired New York magazine...
Abadi did not return numerous phone messages, but his brother Gavin Abadi, an auctioneer also involved in the "Madoff" events, told TIME that Madoff victims do indeed provide merchandise for the auctions and that "we're getting inventory from them every single week." The problem, he said, is that most victims ask to remain anonymous. Southern Star put TIME in touch with one Madoff investor who said he lost millions in the Ponzi scheme and confirmed that he had given the Abadis some artwork to auction. But while that person said he was happy with the price the Abadis...
...also didn't know whether any items were from Madoff victims, he said, "If that's a major concern, we should look into it and perhaps change some things," including disclosing to potential buyers which items are or aren't from Madoff victims. He said that he and his brother were "not looking to mislead or misrepresent. The victims we've been dealing with are so very happy with us and do feel we've truly helped them...
...advertising." In 2007, Abadi's Illinois auction license was suspended indefinitely for failure to comply with the state's continuing-education requirements. He also had a run-in with Wisconsin regulators in 2002 for "failing to include required information in a published advertisement." Gavin Abadi would not discuss his brother's infractions but said that the two of them were "always willing to make any adjustment...
...Lankan Foreign Minister Rohitha Bogollagama, Fonseka had been told by the DHS official that the objective of the interview was to "use him as a source against Defense Secretary Gottabaya Rajapaksa." Apart from being a co-author of the successful campaign against the Tigers, Gottabaya Rajapaksa is also the brother of Sri Lanka's President Mahinda Rajapaksa. (See pictures from Sri Lanka when the Tamil Tigers were still a force...