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...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...

Author: /time Magazine | Title: The Penalty for 'Extraordinary Evil': Madoff Gets 150 Years | 6/29/2009 | See Source »

...have given conflicting accounts of their whereabouts, and there is evidence that the murder scene was tampered with before police arrived. Then there's the confession, in which Knox said she was at the house during the killing but blamed her boss, bar owner Patrick Lumumba (who was later cleared). The document was signed without a lawyer present and is inadmissible, but prosecutors produced another note in which, they say, Knox reaffirmed her declaration...

Author: /time Magazine | Title: Spotlight: Amanda Knox | 6/29/2009 | See Source »

...speculators, generating a frenzy in India similar to the ones that engulfed the U.S. and European markets. An Indian auction house, Osian's, even began marketing a sort of mutual fund for fine art. Artists, too, developed unrealistic expectations. "Everyone wants to be Damian Hirst overnight," says Mumbai gallery owner Jai Bhandarkar...

Author: /time Magazine | Title: Buyers' Market | 6/22/2009 | See Source »

...grocery store in midtown Tehran where I happened to watch the program, none of the four others present seemed to buy the story. "Look, the guy looks like a total Basiji. Besides, there are a ton of people with that name," said the store owner. (See the top 10 Ahmadinejad-isms...

Author: /time Magazine | Title: Forbidden Iran: How to Report When You're Banned | 6/22/2009 | See Source »

...back to the land to grow their own food and raise children. The problem is that rural areas can be very lonely, isolating places. There's not necessarily a sense of community. In the city, people all have different backgrounds and they can share that information and wisdom. The owner of a liquor store down the street used to be a goat farmer in Yemen; I can run down and say, "Hey, does my goat look okay...

Author: /time Magazine | Title: Adventures in Urban Farming | 6/21/2009 | See Source »

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