Word: lawyers
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...senior executive that there had been requests from clients for $7 billion in redemptions. On Wednesday, Madoff met with his two sons to tell them the advisory business was a fraud - "a giant Ponzi scheme," he reportedly told them - and was nearly bankrupt. The sons reportedly contacted their lawyer, who then alerted federal authorities to the fraud. Before being caught, Madoff was working on a scheme to dole out his funds' remaining $300 million to the firm's employees and his family members...
...moralist, an up-by-his-bootstraps Catholic boy with a strong sense of right and wrong. He's like a Bing Crosby movie. He needs to get out more." - David Baugh, a Richmond, Va., defense lawyer (TIME, October...
...downtown Chicago. The few allies he had left have vanished. And anyone who might have been among the unnamed Senate candidates in the detailed charges against Blagojevich have been busy putting distance between the governor and themselves. Among those were Congressman Jesse Jackson Jr., who has hired a lawyer to accompany him to a meeting with federal prosecutors on Friday. (See TIME's top 10 scandals...
...evasive, allowing him to not contradict the federal complaint and still leave open the possibility that an associate of his may have independently approached Blagojevich about essentially paying for Jackson's appointment. "I wouldn't put it past someone to be purporting to represent Jesse without authority," Jackson's lawyer James Montgomery Jr. told the Chicago Tribune. Another explanation that could exonerate Jackson: Blagojevich may have invoked Jackson's name as a speculative attempt to solicit payment. That scenario is what Jesse Jackson Sr. believes, telling ABC News that his son was "being tainted by the governor's speculation about...
...preliminary events have now been decided, but this ugly row over beauty will doubtlessly continue. For now, some may take solace in the crowning of Tia Roberts, a third year law student, as Miss King's 2008. On stage, she spoke of her ambitions to become a human rights lawyer, made references to the works of Jane Austen and dispelled myths about her Thai background. "Before you ask," Roberts told the judges, "I'm not a ladyboy or a mail-order bride." In that sense, the pageant just might have slayed some stereotypes after...