Word: scheme
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...likelihood that you’ll be living adjacent to someone who’s either genuinely crazy (or a sex maniac) might deflate your excitement. Upperclassmen have more to look forward to, as Cabot has a wide variety of spacious suites. But with an interior design scheme conceivably chosen by former resident Helen Keller, Cabot’s social spaces leave much to be desired...
...comments come in the wake of numerous Ponzi scheme crimes, most notably Bernard Madoff's $65 billion scam, which Shulman said was tragic but raised a "staggering array of tax and pension implications for the victims," many of whom have lost entire life savings and retirement accounts. (Read "Another Victim of the Ponzi Schemers...
...million deferred-prosecution agreement with the Department of Justice to settle charges that it had deployed undisclosed offshore bank accounts to assist rich Americans in evading U.S. taxes. DoJ is still seeking to force UBS to disclose the names of 52,000 Americans suspected as part of the alleged scheme...
...some ways, Asia's growth model came to resemble a vast Ponzi scheme--one precariously perched on expectations that debt-soaked Americans would buy more TVs, computers and cars forever. Those expectations have been dashed, leaving the tigers with excess manufacturing capacity and a burgeoning army of unemployed workers. At Taiwan's Hsinchu Science and Industrial Park, home to many of the island's flagship tech firms, most workers are taking unpaid leave at least one day a week. Ryan Wu, chief operating officer of the job-search website 1111 Job Bank, says conditions at Hsinchu have never been...
...Queens accent, Madoff said he was grateful for the chance to address the court. "As the years went by, I realized my risk and this day would inevitably come," he said. "I cannot adequately express how sorry I am for my crimes." Madoff explained that his Ponzi scheme, run through an account held by his investment-advisory business at the Chase Manhattan Bank, began during a "recession" in the early 1990s. He believed he would be able to extricate himself and his clients from the scheme with time - but couldn't. But while admitting that the investment-advisory half...