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...Unlike the usual Ponzi mechanics, the fund even stopped investments into accounts a few years back, at least in our network. There were the usual warnings prior to investing - we all knew it was a risk, we were told to make sure we were diversified, blah-blah - but, my God, it had been going strong for so long and with such fantastic returns, we had to get in. The Securities and Exchange Commission even gave Madoff a clean bill of health several years ago, we now find out. Well, maybe not a clean bill, but it didn't shut...

Author: /time Magazine | Title: How I Got Screwed by Bernie Madoff | 12/15/2008 | See Source »

...named David Dominelli was revealed to have fleeced more than 1,000 investors to the tune of $80 million. During the 1990s, a Florida church called Greater Ministries International bilked nearly 20,000 people out of $500 million in a pyramid scheme hatched by leader Gerald Payne, who claimed God would double the money of pious investors. (Dominelli pleaded guilty and was sentenced to 20 years in prison, while Payne was convicted and sentenced to 27.) The spate of incidents wasn't limited to the U.S., either. When communism crumbled in Eastern Europe, one of the earliest side effects...

Author: /time Magazine | Title: Ponzi Schemes | 12/15/2008 | See Source »

...Memorial Church’s liaison member of the Harvard Square Clergy Association. Page said the action has symbolic importance. “We want to make it clear that churches have something to say about environmental awareness,” he said. “God does not want God’s creation destroyed. God does not like greenhouse gasses.” This message is not always clear, Page said. “There are some very vocal Christians,” including former Secretary of the Interior James G. Watt and many members of the Bush...

Author: By Mac Mcanulty, CRIMSON STAFF WRITER | Title: Church Bells Go Green | 12/15/2008 | See Source »

...reality belief in God does not require a divorce from science. It simply requires faith in something that cannot be proven. After all, the logic of religious apologists, though circular, is correct in insisting that God’s existence cannot be disproved, either. Atheism, as opposed to agnosticism, therefore, requires faith as well. By scorning faith in God, Maher is simply scorning beliefs that he does not share but cannot rebut. Surely this sounds familiar...

Author: By Dhruv K. Singhal | Title: The Church of Atheism | 12/14/2008 | See Source »

...insisting that God does not exist, rather than that we cannot know whether or not He does, and that everyone should believe as they do, Maher and Dawkins venture beyond the realm of skepticism and enter that realm of conviction—religious conviction. Atheism, like the Abrahamic troika with which it competes, requires faith, and when this faith is replaced by certainty, when doubt and healthy skepticism are jettisoned, atheism becomes a religion...

Author: By Dhruv K. Singhal | Title: The Church of Atheism | 12/14/2008 | See Source »

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