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...tough-as-nails enforcer to help remake the agency's image. The top mention to fill the spot is Robert Khuzami, a former federal prosecutor. He is currently a managing director and general counsel at Deutsche Bank. Khuzami spent 11 years at the U.S. Attorney's office in Manhattan, where he headed the white-collar crime unit, before taking a job at Deutsche Bank in 2002. The SEC declined to comment on a possible replacement for Thomsen; Khuzami's office did not comment either...

Author: /time Magazine | Title: Mary Schapiro Moves Quickly to Shake Up the SEC | 2/11/2009 | See Source »

...first 30-day extension was called for in mid-January by Manhattan-based US District Attorney's office, then still piecing together the stunning global fraud. The extension agreed to today by Feds and Madoff's lawyers appears to confirm the two sides are working hard on a plea bargaining deal. Litt's office, with no comment, has not tipped their hand either way. A guilty plea would mean Madoff would escape the glare of a trial and be sentenced quickly...

Author: /time Magazine | Title: Ruth Madoff Withdrew $15.5 Million Prior to Husband's Arrest | 2/11/2009 | See Source »

Once one of the most downtrodden and dangerous areas in New York City, Harlem is in the throes of a serious rejuvenation. And to cater to everyone moving into and hanging out in the north Manhattan neighborhood, Harlem's culinary scene is blossoming with new restaurants and lounges...

Author: /time Magazine | Title: Harlem's Big Apple Surprise | 2/11/2009 | See Source »

Place Your Bet. At long last, direct rail access to Atlantic City from New York. The Atlantic City Express Service (or, ACES) takes just under three hours and runs Friday through Sunday from Penn Station in Midtown Manhattan. With leather seats and kiosks selling food and drinks, it promises to be more comfortable than the bus. There's also a lounge car, complete with a stereo and DVD system, at back of the train, which can be rented for a group. Introductory ticket prices are $50 one-way for coach; $75 for first class...

Author: /time Magazine | Title: Fashion Week's Couture Tea Cakes and Other Travel News | 2/9/2009 | See Source »

...first official list of Bernie Madoff victims, numbering some 13,500, has been made public in a Manhattan U.S. Bankruptcy Court filing, and the names range from celebrities to average working stiffs. (See a PDF of the official list of victims...

Author: /time Magazine | Title: The Bernie Madoff Client List Is Made Public | 2/5/2009 | See Source »

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