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Rivera, the owner of a title company, allegedly created a shell firm whose name (Rookery Park Estates PH) mirrored the real corporation that owned the townhomes, then acted as owner and seller of the townhomes when filing the loan applications - all without ever buying a unit. Louisma allegedly used his chiropractor business to falsify borrower names and incomes (making it seem they were his employees). The duo's accused associate, Michael Acosta, a Boca Raton property appraiser, allegedly filed paperwork listing the value of each townhome at $400,000, as Rivera put together a plan to buy them...

Author: /time Magazine | Title: Inside a Florida Mortgage Scam | 6/25/2008 | See Source »

...project that its executives helped design and a lucrative federal sugar program that artificially boosts its prices. The company has always been popular in its headquarters of Clewiston ("The World's Sweetest Town"), but labor activists have accused it of mistreating its workers and environmental activists constantly blame the firm for ravaging the Everglades...

Author: /time Magazine | Title: Booting US Sugar from the Everglades | 6/24/2008 | See Source »

Still, in the end, the Pope has not budged on the issue. The 2005 Synod of Bishops on the Eucharist held firm to the total ban for remarried Catholics who have not obtained an annulment. And Sunday, following Berlusconi's public request to his bishop, Benedict spoke about Communion to a gathering in Canada by video hookup. Though he didn't specifically cite divorce, the Pope said: "We must do all in our power to receive it with a pure heart." Again he offered his empathy for "those who cannot have Communion due to their situation," and urged them...

Author: /time Magazine | Title: Berlusconi Appeals for Communion | 6/24/2008 | See Source »

...latest clan member to run the firm is August A. Busch IV, who said earlier this year that the company will never be sold on his watch. Missouri governor Matt Blunt has denounced the takeover bid and Senator Claire McCaskill declared, after a visit from InBev boss Carlos Brito, that she would do everything in her power to block the deal...

Author: /time Magazine | Title: Busch's Last Call in St. Louis? | 6/20/2008 | See Source »

...clear, however, whether anyone has that power. The sprawling Busch family is divided on the InBev offer, which at $65 per share is well above any price the long-stalled stock has seen from Wall Street. No single family member owns more than 1% of the firm...

Author: /time Magazine | Title: Busch's Last Call in St. Louis? | 6/20/2008 | See Source »

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