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...know you've really been Ponzi-ed when your investment guru has his own Caribbean island, a $10 million moated castle in Miami, a $100 million fleet of private jets and three or four "outside wives" along with his real one - and calls himself "Sir" despite never having been officially knighted...

Author: /time Magazine | Title: How to Spot a Ponzi Con Artist? Follow the Yachts | 3/6/2009 | See Source »

This week, Antigua officials confirmed Stanford owns a nearby island, Guiana, as well as hundreds of acres on Antigua. Stanford is one of the largest private employers in Antigua, where his businesses include a real estate company, a cricket stadium, a newspaper and two restaurants...

Author: /time Magazine | Title: How to Spot a Ponzi Con Artist? Follow the Yachts | 3/6/2009 | See Source »

...spending bill that includes a loosening of the embargo. One measure, which President Barack Obama promised during his 2008 campaign, would let Cuban Americans travel to Cuba once a year instead of only once every three years. Others would reverse regulations on sales of food and medicine to the island and ease payment conditions. Cuban-American Senators Bob Menendez of New Jersey and Mel Martinez of Florida oppose including the Cuba language in the bill, insisting that Havana first improve human rights - including letting Cubans travel freely, a change Cuba watchers thought Raúl would order last year...

Author: /time Magazine | Title: What Lies Behind the Cuban Purge | 3/5/2009 | See Source »

...decades, placed numerous military brass loyal to him in key posts. They included General Jose Amado Ricardo Guerra as Secretary of the Council of Ministers, who replaces Carlos Lage, 57, a physician turned economics czar who is widely credited with seeing Cuba through the financially harrowing 1990s after the island lost its massive Soviet subsidies. Lage was often mentioned as a possible successor to Fidel...

Author: /time Magazine | Title: What Lies Behind the Cuban Purge | 3/5/2009 | See Source »

...cautiously. The U.S. President, who is set to attend next month's Summit of the Americas in Trinidad - at which Cuba is the only disinvited nation - says he favors keeping the embargo largely in place until Cuba demonstrates political reform. But he also knows that opening up to the island is necessary to mending Washington's broken relations with Latin America in general. By the same token, Raúl, who has insisted on U.S. concessions on items like the embargo before he delivers his own, like releasing jailed dissidents, surely knows he'll have to give a little...

Author: /time Magazine | Title: What Lies Behind the Cuban Purge | 3/5/2009 | See Source »

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