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...Monday the U.S. district attorney's office in Central Islip, N.Y., arrested Nicholas Cosmo, founder and owner of Agape World Inc. and Agape Merchant Advance LLC in Hauppauge, N.Y., charging him with a $370 million mail fraud. Agape claims it has been in the business of providing private bridge loans to commercial real estate companies and builders. The Feds don't seem to agree...

Author: /time Magazine | Title: Another Ponzi Scheme? Money Manager Cosmo Busted | 1/27/2009 | See Source »

...September 2008, Kessler alerted the Suffolk County district attorney, the FBI and the New York attorney general. But nothing happened until investors stopped getting their money, he says: "They started calling everyone then...

Author: /time Magazine | Title: Another Ponzi Scheme? Money Manager Cosmo Busted | 1/27/2009 | See Source »

...opponent was leaked late in the race, accusations flew that Gillibrand actually lived in a New York City apartment, and both sides ran numerous negative TV commercials. Gillibrand was re-elected in 2008 with 62% of the vote - more than $10 million having been raised for that contest. Her district, the 20th, is heavily Republican...

Author: /time Magazine | Title: N.Y. Senator Kirsten Gillibrand | 1/23/2009 | See Source »

...take many of the detainees, it will fall to the Justice Department to decide where the rest of them will be held and tried. Since 9/11, federal courts have convicted 145 people on international terrorism charges vs. just two convictions from Guantánamo's military commissions. The eastern district of Virginia and southern district of New York have a great deal of experience with terrorism trials...

Author: /time Magazine | Title: Obama Orders Gitmo Closed. Now the Hard Part | 1/22/2009 | See Source »

...game you sat out because you got your bell rung? "For these kids, their goals in life sometimes revolve around athletics," says Todd Lipe, Waller's coach at J.H. Rose High School, who has promised to be more vigilant in detecting and managing concussions. (The school district did not blame any individual for Waller's death, though the first responder who examined him was relieved of his duties...

Author: /time Magazine | Title: Study: Kids Competing Too Soon After Concussions | 1/21/2009 | See Source »

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