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Meanwhile, a mastermind of one of the most elaborate insider-trading schemes in recent history remains on the lam. David Pajcin, a former Goldman Sachs analyst, pleaded guilty in 2006 of running a $6.7 million scam that authorities first detected when a retired underwear seamstress in Croatia earned $2 million in profit from a suspicious, two-day investment in Reebok. The 63-year-old, who did not own a computer, was Pajcin's aunt; he traded stocks in her name and in the name of an exotic dancer he was dating to escape scrutiny. In one ploy to glean inside...

Author: /time Magazine | Title: Insider Trading | 11/9/2009 | See Source »

...question that Jackson, deeply in debt to Sony and other creditors, needed the money that the concerts would generate. But his heroic effort and attention to detail suggest that this was no take-the-money-and-run greatest-hits scam. He saw This Is It as a career retrospective that would re-establish the value of his music and prove he still had the strength and the moves of 20, 30, 40 years ago. At times he tries to husband his resources: stinting on the vocalizing of one song, he apologizes, "I'm just trying to save my voice." Then...

Author: /time Magazine | Title: Michael Jackson's This Is It Review: He's Still a Thriller | 10/28/2009 | See Source »

...people who shared their financials with us would have been better off in a pension. And nearly all of them, save possibly Maul, do not have the resources they need to live another 20 years in financial comfort. "It's the biggest scam ever put over on the American people," says Dennis O'Neil, a former human-resources executive who worked for Occidental for 29 years...

Author: /time Magazine | Title: Why It's Time to Retire the 401(k) | 10/9/2009 | See Source »

...They are not responding to our request for help, but they are doing media interviews,” Richards said. “It’s all turning into some kind of circus.” He said police suspect “it’s a scam,” adding, “we just don’t know what type...

Author: By Elyssa A. L. Spitzer, CRIMSON STAFF WRITER | Title: Suspects Identified in Art Theft | 10/8/2009 | See Source »

...days' worth of produce. So that's a 50-mile round trip for maybe 10 lb. of groceries. Whatever sense of environmental sainthood she felt was vastly outweighed by the energy of using an entire minivan to collect a few days' worth of produce. (Read "The Clean-Energy Scam...

Author: /time Magazine | Title: Why New York City Is Greener Than Vermont | 9/24/2009 | See Source »

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