Word: fakeness
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Dates: during 2000-2009
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...last 30 days, Picard has filed six major lawsuits, many against Madoff's largest feeder funds. The combined suits ask for the return of over $10 billion in fraudulent profits. Picard's complaints allege the people running the funds "knew or should have known" Madoff was a fake, simply based on the exorbitant, non-stop returns they received. Suits have been filed against Walter Noel's Fairfield-Greenwich Group, which withdrew $3.2 billion since 1995, Jeffrey Picower's funds, totaling $6.7 billion withdrawn, and against Stanley Chais, whose funds took out over $1 billion since 1995. (See pictures...
...public's suspicion of the new bills has been validated by serious legal concerns by economists and opposition lawmakers. Several legislators have pointed out that the new bills were printed without the signature of the Minister of Finance, as required by the country's Monetary Law, effectively making them fake bills. "These bills are illegal and worthless and should only be used to play Monopoly," says opposition legislative leader Wilfredo Navarro. "President Daniel Ortega is a counterfeiter. That's the level things have gotten to in Nicaragua these days." The lawmaker, a member of the legislature's Economic Commission, says...
...general elections expected in 12 months, Brown looks fresh out of ideas - and luck. A tabloid newspaper this week published make-up instructions written for the Prime Minister, found among official papers left in the back of a taxi. The brief advised the P.M. on using foundation, concealer, and fake tan. To his credit, though, they didn't end up on expenses...
...toothpicks. Researchers at the Group Health Center for Health Studies in Seattle found that "fake" acupuncture using toothpicks instead of needles was as effective as the traditional Chinese healing method for relieving back pain. (See pictures of spiritual healing around the world...
...When MarkMonitor, an outside security company employed by Facebook, shut down the fake website, the scam popped up again on a different site, FBStarter.com. (It too has since been disabled.) "My guess is this was a pretty organized group of people," says Fred Felman, MarkMonitor's chief marketing officer. Felman says the phishers, whoever they were (Internet scammers almost never get caught), were not using the most up-to-date technology, but their creativity and speed makes him think that they have experience and will probably do it again...