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Take Stephen Walsh and Paul Greenwood, operators of Westridge Capital Management's $1.3 billion in assets, who last week were charged by the Commodity Futures Trading Commission (CFTC) with allegedly "misappropriating" at least $553 million either for personal expenses or to cover trading losses. The CFTC is the sister agency of the Securities and Exchange Commission and covers fraud in the commodities, futures and foreign-exchange markets. (See pictures of the demise of Bernard Madoff...

Author: /time Magazine | Title: How to Spot a Ponzi Con Artist? Follow the Yachts | 3/6/2009 | See Source »

...craziest things we've found recently," Obie said, "are a bust of Julius Caesar, an extensive garden-gnome collection, a $300,000 Mickey Mouse drawing, bejeweled ink pens, several of which cost more than $100,000, $4 million worth of custom tailored clothes, a silver set allegedly belonging to Paul Revere, and two purple Jaguars with hand-painted leopard-skin roofs." It should be added that Ruth Madoff once gave her husband a $14,000 cigar humidor...

Author: /time Magazine | Title: How to Spot a Ponzi Con Artist? Follow the Yachts | 3/6/2009 | See Source »

That cup of coffee you picked up before your 9 a.m. class may prevent more than just sleep during lecture. A team of researchers—led by Paul Nghiem ’86 of the University of Washington Department of Dermatology—released a study last week that determined that the topical application of caffeine may prevent the some types of skin cancer. The research—published in the Journal for Investigative Dermatology— provides a biological explanation for recent clinical studies that have shown a negative correlation between caffeine intake and the risk of developing...

Author: By Emma M. Benintende, CONTRIBUTING WRITER | Title: Caffeine May Prevent Some Skin Cancers | 3/6/2009 | See Source »

...could be an artist.’”Past ADF recipients have gone on to pursue a professional career in the arts, Bergmann says, citing a “real success story” of Madelyn M. Ho ’08, who signed on with the Paul Taylor Dance Company, a New York City contemporary dance group.Emily R. Kaplan ’08-’09 was awarded $3,000 last year to take a class about children’s book illustration at the Rhode Island School of Design over the summer...

Author: By June Q. Wu, CRIMSON STAFF WRITER | Title: Taking Artistic Liquidities | 3/5/2009 | See Source »

...That's not as straightforward as it sounds. Habits are influenced by economics - poorer Scots drink more - and the country's bracing northern climate. Northern peoples tend to drink without food, says Paul Waterson, chief executive of the Scottish Licensed Trade Association, which represents pubs, hotels, clubs and other licensees. "Sticking some tables and chairs outside a Scottish pub doesn't mean you'll get southern European drinking." He supports the government's new initiative but adds, "You can't change a culture by law." That's a sobering thought indeed for Scottish legislators...

Author: /time Magazine | Title: Nation o' Drinkers: Scotland Takes on Alcohol Abuse | 3/5/2009 | See Source »

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