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Madoff was best known for being a pioneer in the business of market-making. His firm, which he started five decades ago with money he earned as a lifeguard in Far Rockaway, Queens, was for a long time primarily in the business of acting as a middle man between buyers...

Author: /time Magazine | Title: Wall Street's Latest Downfall: Madoff Charged with Fraud | 12/12/2008 | See Source »

After the exchange of vows, Mettursun Beydulla, the groom’s brother, helped the newlywed ceremonially bring his new wife to his parents’ house. But when 30-year-old Mettursun Beydulla stepped out of the car at home, he was promptly arrested by the Chinese police.

Author: By Elyssa A. L. Spitzer, CRIMSON STAFF WRITER | Title: Harvard Shelters Eastern Scholar | 12/12/2008 | See Source »

In a different incident, Blagojevich spoke of an emissary from a potential Senate appointee, named by the feds as "Senate Candidate 5" but who has since been identified as Representative Jesse Jackson Jr. The emissary, according to the governor, offered to arrange as much as $1.5 million in future campaign...

Author: /time Magazine | Title: Governor Gone Wild: The Blagojevich Scandal | 12/11/2008 | See Source »

Dick Simpson, a former local elected official who now teaches at the University of Illinois at Chicago, counts hundreds of politicians who have been sent to jail since 1971, including 30 aldermen and three of the past seven governors. "The whole mess has to be taken in context," he explains...

Author: /time Magazine | Title: Governor Gone Wild: The Blagojevich Scandal | 12/11/2008 | See Source »

On Friday, Congressman Jesse Jackson Jr. is scheduled to explain to federal prosecutors his efforts to win President-elect Barack Obama's vacated U.S. Senate seat. Jackson, 43, is among the most high-profile characters swept up so far in this week's scandal involving Illinois Governor Rod Blagojevich and...

Author: /time Magazine | Title: Jesse Jackson Jr.: The Trouble with Being Candidate 5 | 12/11/2008 | See Source »

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