Word: scheme
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...others may suffer," says Schindler. Whether a federal court will hold the SEC accountable for the "human failings of one or more personnel" is the question, he says. If it does, though, he says the ruling would open the floodgates for people to make claims in every Ponzi scheme...
...There would be a backlash to Congress bailing out billionaires who lost a few hundred million as a result of the Madoff scandal," says Evans. "But there are people who are affected by the Ponzi scheme who I think we all agree are deserving of a helping hand...
...doing the accusing, filing its own action with Ecuador's prosecutor general. It charges that the Ecuadorian judge in the case should be removed because, it claims, secretly recorded videos captured him admitting that he has already decided that Chevron is guilty - and they allegedly implicate him in a scheme to snag $3 million in bribes from firms hoping to win oil-cleanup contracts after his ruling. Also implicated are high-ranking officials in the government of leftist Ecuadorian President Rafael Correa, an outspoken critic of the U.S. (See pictures of the Amazon contamination that's at the center...
...effort to help spread the load across Europe, the European Commission unveiled new plans on Wednesday for resettling refugees, arguing that the European Union should "take on a greater share of the burden of meeting resettlement needs worldwide." The scheme could save lives as it aims to discourage people, mainly Africans, from trying to reach Europe illegally, crowded onto rickety boats or hidden in trucks. The Amsterdam-based NGO United Against Racism estimates that, since 1993, over 13,250 hopeful refugees have died while trying to reach Europe. (See pictures of refugees fleeing fighting...
...managed efficiently, the Commission says the resettlement scheme could ease the burden on some of the E.U.'s border states. Last year, more than 30,000 people are believed to have made the boat journey to the Italian island of Lampedusa, just 70 miles (113 km) from Tunisia. Earlier this year, Italy signed a controversial agreement with Libya allowing Italian authorities to automatically send would-be immigrants back to Libya without screening them for asylum claims - a move that arguably breaches the 1951 U.N. Refugee Convention...