Word: outfit
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Dates: during 2000-2009
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...shut down James Ossie's high-flying currency trading outfit, CRE Capital Corp., based in Atlanta, and charged Ossie with allegedly bilking 120 investors out of $25 million. Not exactly Bernie-level action, but for investors who believed Ossie's "little-risk currency-trading contracts" pitch, it goes down as a dark day for their bank accounts...
Back in Atlanta, Ossie and his currency-trading outfit also followed the classic Ponzi approach, the SEC alleges. The agency says he was guaranteeing 10% to 20% returns every 30 days, had an accounting firm proving legitimacy, and used the lure of lots of ground-floor investor winnings when CRE went public. It had planned for a $100 million stock offering later this year...
What that means to you: "If you're looking for an apartment or want to renegotiate your lease, you should keep in mind that you have bargaining power," says Hans Nordby, U.S. strategist at Property & Portfolio Research (PPR), a real estate intelligence outfit...
...Crew's children's clothing sales. She points to Michelle Obama's late-October appearance on the Tonight Show with Jay Leno. On the heels of news reports that Sarah Palin hoarded a $150,000 wardrobe budget, Leno jokingly asked Michelle if she paid "$60-, $70,000 for that outfit." Obama bragged, "Actually, this is a J. Crew ensemble." Chen says sales of that yellow outfit spiked. (See pictures of the fashion of Michelle Obama...
...send an e-mail to customers in its database - about 22 million, according to Chen - highlighting the clothes worn by the First Daughters. But it won't show a picture of the girls, which could be viewed as exploitive. The company used a similar tactic with Michelle Obama's outfit on the Tonight Show. "I think you can do that in a very tasteful manner," Chen says. "I think it would be perfectly fine." (Read "Michelle Obama's Dress: A Bold Choice in Designer Isabel Toledo...