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Word: crookeder (lookup in dictionary) (lookup stats)
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"You've heard of payment for order flow, right?" Madoff asked. "Huh?" I responded. Madoff explained that Bernard L. Madoff Investment Securities had pioneered the practice of paying customers to trade through it, thereby siphoning business away from the New York Stock Exchange (NYSE). The firm was able to use...

Author: /time Magazine | Title: Bernie Madoff's Other Legacy | 8/24/2009 | See Source »

The books trace the evolution of his sociopathy: friends remembering shady incidents from earlier in life--and that his parents were also crooked traders. But nothing about his IQ, or any evident evil, portended the breadth of his later crime. On the surface, Madoff's legitimate trading business gleamed. But...

Author: /time Magazine | Title: Bernie Madoff — Publisher's Best Friend? | 8/17/2009 | See Source »

"I knew and other people knew no sales were taking place," said DiPascali during the hearing. "I represented trades were taking place when they were not. Most of the time, money just went into bank accounts" that Madoff controlled, he said. He admitted he helped perpetuate the illusion that sales...

Author: /time Magazine | Title: Madoff Exec Pleads Guilty, Says Insiders Knew of Fraud | 8/11/2009 | See Source »

Why did you decide to christen your proposal "the Madoff bill" now that federal authorities have seized Madoff's assets. The bill itself does not relate directly to Mr. Madoff because he'll be in a federal prison. [Tedisco's version only covers local and state prisons.] But it refers...

Author: /time Magazine | Title: Making Prisoners Pay — Literally | 7/22/2009 | See Source »

When I wake up I can tell that I’m on the third or fourth floor of a big house, not an entirely unfamiliar one, but one that I’ve been in two, maybe even three times before.I can tell that I’m the...

Author: By David L Rice, CRIMSON STAFF WRITER | Title: FICTION: Dawson's Creaak | 4/16/2009 | See Source »

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