Word: radars
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...violating his bail. How was that case different from Madoff's? In that case, Kilpatrick traveled to Canada. International travel is about the most threatening thing a defendant can do to raise a judge's inference that he is a risk for flight. So that really raised the radar of the judge. What's more, Kilpatrick got the order not to travel out of the Detroit area in his criminal case. In this case, the order that Madoff was accused of violating was in his civil case, not his criminal case, and what he did was ship assets, which...
...family friend. In our case, the trusted friend was an affable, debonair fellow named Stanley Chais, who ran the Brighton and Popham investment groups for decades. We were in two sub-groups of Brighton, and they were small, 10 to 15 people - possibly so they would fly under regulator radar, victims now tell me. Brighton, it turns out, fed the money into Madoff. I'd sit next to Stanley at year-end holiday parties and, knowing my family's money was in his hands, I'd ask: "How're things going with the arbitrage?" The answer was always, "Life...
...stop this from happening again? How about some basic oversight and transparency for all private and public funds? How about making private, under-the-radar investment groups illegal unless registered? Is this asking too much of our regulators, when a $50 billion investment fund can be run by a little man with gray hair in baseball cap behind a curtain of secrecy and nobody knows what the trades are or who's making them...
...green slips of paper we keep in our wallets are inviolable: the physical embodiment of value. But alternative forms of money have a long history and appear to be growing in popularity. It's not merely barter or primitive means of exchange like seashells or beads. Beneath the financial radar, in hip U.S. towns or South African townships, in shops, markets and even banks, people throughout the world are exchanging goods and services via thousands of currency types that look nothing like official tender...
...year TFA has seen a marked rise in applications, including those from Harvard students. In November, President-elect Obama called on our nation to embrace public service. It seems that his hopes may yet be answered, as more and more Americans seem to have public service professions on their radar now. It is likely, of course, that one of the main sources of this increase in TFA interest has come from students who, having been turned away from the financial sector, are looking for an alternative job experience that has a similarly strong reputation. Still, it is a good development...