Word: scheming
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...museum, which is largely self-sufficient, but at the university. Since June, Brandeis has seen its endowment fall from $712 million to $530 million. Over the next six years it projects a budget shortfall totaling $79 million. And the collapse of Bernard Madoff's alleged Ponzi scheme has taken a toll on important Brandeis donors. Two of the biggest, Carl and Ruth Shapiro, lost $400 million in family money and half the assets - $145 million - of their philanthropic foundation...
...Sotelo, which has filed a U.S. lawsuit in the name of some victims. The firm's estimate is based on information collected from 30 law firms around the world representing close to 3,000 people or institutions in 25 nations that have so far taken legal action over the scheme...
...guess is, “The Man Who Sold the World” is about all this. Either that or David Bowie. It could go either way.Eight in the BoxBy Raffi YessayanThe book focuses on a handsome, intelligent, witty college student who falls victim to a diabolical price gouging scheme. After years of paying the reasonable rate of 85 cents for his two-packs of brown sugar Pop Tarts, he one day discovers that the vending machine deities have betrayed this long-standing tradition, raising the fee to an outrageous price of one American dollar. Our hero falls...
Madoff's greatest talent, the witness indicated, was his use of a "hook" or lure to play "hard to get" and the false security of exclusivity, a hallmark of a Ponzi scheme...
...story that seemed part financial doctoral thesis and part financial thriller, Markopolos told of his years of toil on the Madoff case, with often "disastrous meetings" with SEC enforcement chiefs. It was in 2005 when Markopolos wrote his now famous and lengthy report detailing Madoff's giant Ponzi scheme and pointing out 29 red flags. He sent it to the SEC, and nothing happened. But when he finally met the SEC's Boston branch chief, Mike Garrity, who had a willingness to "think outside the box," he felt some hope...