Word: marching
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Dates: during 2000-2009
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Madoff pleaded guilty on March 12 to 11 felony counts, including securities fraud, perjury, investment-adviser fraud, mail fraud, wire fraud, three counts of money laundering, false filings with the SEC and theft from an employee benefit plan. The scam's victims included high-profile celebrity names such as actress Kyra Sedgwick, actor Kevin Bacon, director Steven Spielberg, actress Zsa Zsa Gabor, actor John Malkovich, New York Daily News owner Mort Zuckerman and the family trust of DreamWorks CEO Jeffrey Katzenberg, as well as charities, universities, hedge funds, banks and pension funds around the world...
...year, during the height of the economic storm, the bank's pretax profits surged 19%, while assets increased 32% to $435 billion. This was no fluke: StanChart in early May said it achieved record profits in the first quarter of 2009, and its London-listed shares have doubled since March. Such a stellar performance during the worst recession in decades has placed StanChart in the enviable position of being able to gain market share and key talent at the expense of its competition. Standard Chartered CEO Peter Sands, 47, has a simple explanation: "We had a very clear strategy...
...March issue, London-based Reinsurance magazine reported that the city's insurers were skeptical that Michael would make it all the way through: no insurer was willing to cover all the concert dates, and AEG could arrange a policy only for the first 10 concerts. The magazine added that AEG would face a liability of $492 million if the series were to be canceled. (See pictures of Michael Jackson's live performances on LIFE.com...
...With annual income from the sale of his and his catalog's music at around $19 million, according to the Wall Street Journal, Jackson was still stretched. When the singer defaulted on a loan in March last year, pushing Neverland into foreclosure, private-equity firm Colony Capital stepped in to bail him out. The 50 concerts planned for London later this year could have netted Jackson as much as $100 million, with a possible world tour to follow generating five times that amount. To Jackson's debtors, if not to the singer himself, that sure would have added...
Mercy the bureaucracy denies, for the Church committed a cardinal sin: It didn’t follow procedure. Last March, the diocese spent over $2,000 busing people to a rally in Hartford, where Catholics protested a bill that would have stripped pastors of control over parish finances. In April, the Church again trespassed. On its website, the diocese announced its opposition to a bill that legalized gay marriage and spurred parishioners to “contact your legislator.” OSE christened these three words “lobbying” and warned the diocese against further misbehavior...