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Abadi did not return numerous phone messages, but his brother Gavin Abadi, an auctioneer also involved in the "Madoff" events, told TIME that Madoff victims do indeed provide merchandise for the auctions and that "we're getting inventory from them every single week." The problem, he said, is that most victims ask to remain anonymous. Southern Star put TIME in touch with one Madoff investor who said he lost millions in the Ponzi scheme and confirmed that he had given the Abadis some artwork to auction. But while that person said he was happy with the price the Abadis...

Author: /time Magazine | Title: Coming Soon to Your Town: Fake 'Madoff' Auctions? | 11/2/2009 | See Source »

...Gavin Abadi acknowledged that the auction ads "may need tweaking." When told that bidders had complained that no Madoff estate items were on the block, as the ads seem to imply, and that bidders also didn't know whether any items were from Madoff victims, he said, "If that's a major concern, we should look into it and perhaps change some things," including disclosing to potential buyers which items are or aren't from Madoff victims. He said that he and his brother were "not looking to mislead or misrepresent. The victims we've been dealing with...

Author: /time Magazine | Title: Coming Soon to Your Town: Fake 'Madoff' Auctions? | 11/2/2009 | See Source »

...system of taxation. Schwarzenegger is pushing for a gargantuan water-sharing agreement that could help prevent the state from running dry. And his potential successors are also formidable go-getters with forward-thinking credentials - including former governor and current attorney general Jerry Brown, golden-boy San Francisco mayor Gavin Newsom and former eBay CEO Meg Whitman. Brown, the early front runner, was widely mocked as Governor Moonbeam back in the 1970s, but some of his ideas - including energy efficiency, as well as the emergency-communications satellite that inspired his nickname - no longer seem so flaky. (Download a PDF on California...

Author: /time Magazine | Title: Why California is Still America?s Future | 10/23/2009 | See Source »

...initiative mess, the Bay Area Council, a 64-year-old San Francisco--area business lobby, has proposed a new California constitutional convention, an idea backed by Governor Arnold Schwarzenegger, 2010 gubernatorial candidates Meg Whitman, Gavin Newsom and Jerry Brown and, polls suggest, two-thirds of voters. The 1879 state constitution is the third longest in the world, and it has more than 500 amendments. But to gather this convention, Bay Area Council CEO Jim Wunderman has to put an initiative on the 2010 ballot. "It's ironic, right? We need an initiative," he says, "to get rid of the initiative...

Author: /time Magazine | Title: Joel Stein on California's State of Insanity | 6/8/2009 | See Source »

...Patrick Gavin (12:40 a.m.) Night highlight: finding bon jovi by himself: "what, no one to hang out with?" "I know!" "For a change" "very true sir" (smile) I repeat...

Author: /time Magazine | Title: Tweets From a Washington Dinner (a.k.a. #nerdprom) | 5/9/2009 | See Source »

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