Word: madoff
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...Madoff, Bernard • hideous suffering...
...more than $370 million was deposited into Agape accounts - the vast majority of which was provided by more than 1,500 investors - and that less than $10 million of the $370 million was actually used to make loans to commercial borrowers. (See pictures of Bernard Madoff's demise...
...lawyer who represents salespeople at the firm who "felt something wasn't right." The salespeople were selling friends and family on Agape's high-yield claims. "[Cosmo] actually sat down with investors and explained his investments to them. He was a very convincing salesman," said Devine. (Read "Beyond Madoff, Ponzi Schemes Proliferate...
Robert Chew is a former investor with Madoff via a feeder fund. He lives in Colorado...
...Gist: Bernie Madoff and Co. have, for the moment, dislodged attorneys from the doghouse of public opinion. But a world without tort claims and padded billing would still be many people's idea of heaven. Howard, an attorney and author of the best-selling book The Death of Common Sense, chronicles a society in which rules have run amok and litigation looms as a constant threat. Among his egregious examples: a Florida teacher wary of restraining a hysterical child gets the cops to slap handcuffs on the kid instead; a New York City high school prohibits nurses from calling ambulances...