Word: scheming
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...those investors like me who never heard of Madoff, privacy and propriety were the camouflage that kept his name from so many hundreds, maybe thousands, of private and public investors. Secrecy enabled him to create his global Ponzi-on-steroids scheme undercover, and helps explain why it worked so brilliantly for so long. The fact the Securities and Exchange Commission gave Madoff multiple free passes to sidestep closer inspection is even more troubling for any investor looking to put a hard-earned buck into this system. (How I Got Screwed by Bernie Madoff...
...though the impact of the alleged Madoff scheme has touched other Boston-area universities—Tufts reported $20 million in investment losses on Friday—some Harvard affiliates affected by Madoff have been more fortunate. Carl and Ruth Shapiro, the Boston couple who lost nearly half their foundation’s assets through Madoff’s fund, pledged in a statement last week to honor “all existing commitments.” Their couple’s foundation has supported many initiatives at Harvard-affiliates including the Dana Farber Cancer Institute and Brigham and Women?...
...Director Peyton Reed's early features, Bring It On and Down with Love, were in-your-face comedies with a Pop art design scheme; they aimed to get to endearing by going through aggressive. Reed found a subtler tone in his Vince Vaughn-Jennifer Aniston hit The Break-Up, in which both the humor and the despair rose from domestic behavior that, if exaggerated for dramatic effect, was still recognizable. Yes Man straddles those two styles. It ambles along, Judd Apatow-style (and includes a fellatio gag that should have earned the movie an R rating) while affording Carrey...
...Peterson or former ranking member Charlie Stenholm. Vilsack does have predictably close ties to traditional agriculture and agribusiness, and he did run the nation's leading corn and soybean state. But he has also been a supporter of farm-conservation programs, clean-water regulations and a cap-and-trade scheme to prevent global warming. "He's not really an aggie," says one lobbyist involved in food and agriculture issues...
...York Anatomy of a Scam Celebrated money manager Bernard Madoff was arrested for allegedly bilking investors out of up to $50 billion in a Ponzi scheme described as one of history's largest swindles. The scam's blueprint hasn't changed much since Charles Ponzi's 1920 fraud: 1 Entice investors by promising an unusually lucrative rate of return. 2 Use a portion of the raised capital to pay out early dividends, thereby giving the appearance of legitimacy--which in turn attracts more investors. 3 Pay off earlier investors with money accrued from later victims. 4 When no further capital...