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Despite his gains, a growing number of investors began asking Madoff for their money back. In the first week of December, according to the SEC suit, Madoff told a 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...

Author: /time Magazine | Title: Wall Street's Latest Downfall: Madoff Charged with Fraud | 12/12/2008 | See Source »

...simplest beats. On the awkward mix of light disco and club rap that is “What A World,” featuring ex-Harvard popsters Chester French, Common’s delivery is reduced to simple monosyllabic rhymes with the same monotonous meter: “I met a boy from Chicago, had dreams to be a star / And make a way, and get some pay, and drive a fancy car.” Nevertheless, Common’s rapping seems practically virtuosic compared to the album’s disappointing guest appearances by Cee-Lo, Chester French...

Author: By Mark A. Vanmiddlesworth, CRIMSON STAFF WRITER | Title: Common | 12/12/2008 | See Source »

...Turkey is a hotbed for Uyghur separatists and upon his return to China around the time of his brother’s wedding, he was met with great suspicion by the Chinese government...

Author: By Elyssa A. L. Spitzer, CRIMSON STAFF WRITER | Title: Harvard Shelters Eastern Scholar | 12/12/2008 | See Source »

Flores said she has met with administrators about her platform...

Author: By Alex M. Mcleese, CRIMSON STAFF WRITER | Title: Leading Candidates Give Sundquist Mixed Reviews | 12/12/2008 | See Source »

...roused from bed by FBI agents and arrested on corruption charges. Jackson quickly posted a statement on his congressional website expressing outrage at the charges. On Wednesday, Jackson held a press conference in Washington, and appeared strained as he insisted that Dec. 8 was the first time he had met with Blagojevich in nearly four years. "I did not know the process has been corrupted. I did not know that credentials and qualifications and a record of service meant nothing," he said. He also asserted that he did not bribe the governor or ask anyone...

Author: /time Magazine | Title: Jesse Jackson Jr.: The Trouble with Being Candidate 5 | 12/11/2008 | See Source »

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