Word: investors
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Dates: during 2000-2009
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Forte may not have had Madoff's years of experience, but his instincts were dead-on: of the $50 million in investor monies, the SEC says Forte deposited $26 million, withdrew $23 million, took $12 million for himself, and gave the rest to early investors, a formula considered the Ponzi gold standard. Forte did not return phone calls to comment on his case. He appeared in court without a lawyer, according to local reports...
...linked to employment. When people - especially young adults, who are prone to rent - don't have jobs, they're more likely to stay with family or find a roommate instead of renting a place of their own. Plus, in the wake of escalating home foreclosures, condos not selling and investor properties sitting unflipped, there are units from unconventional sources opening up for rent. (See pictures of modernist houses for rent...
...Parsons lives in New York and owns a 20-acre vineyard in Tuscany. In January 2005 Institutional Investor magazine named Parsons the top CEO in the entertainment industry. BusinessWeek once dubbed him the "anti-mogul" for his relaxed, down-to-earth management style...
...bottom fishers, the message is clear: This is no time for casual market-dabbling with your portfolio. Be either a lightning-fast stock trader or a very-long-term investor...
Litt, 46, is in fighting trim. In November he won a hard-fought case against former technology investor (and longtime opera fan) Alberto Vilar, who was convicted of stealing his investors' money. The trial took nine weeks, which is long for a fraud case. "He is very much a no-nonsense prosecutor who does the right thing without excess flash or showmanship," says Colton, who represented Gary Tanaka, Vilar's partner, who was also found guilty in the case...