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...Those who support torture may believe that we can abuse captives in certain select circumstances and still be true to our values. But that is a false compromise. We either believe in the dignity of the individual, the rule of law, and the prohibition of cruel and unusual punishment, or we don't. There is no middle ground." - in an essay about the use of torture, Washington Monthly, Jan/Feb/March...

Author: /time Magazine | Title: CIA Director: Leon Panetta | 1/6/2009 | See Source »

...significant number of people who sue under the ADA have legitimate grievances and appear to be motivated by a sincere desire for access rather than monetary gain. However, according to David Warren Peters, CEO and general counsel of Lawyers Against Lawsuit Abuse, a small group of opportunists and select law firms are responsible for a huge percentage of the lawsuits. "I've seen plaintiffs that make Jarek Molski look like a Cub Scout," says Peters, whose San Diego-based firm represents and consults businesses and individuals accused of ADA noncompliance across the state and country. One plaintiff, he says...

Author: /time Magazine | Title: Lawsuits by the Disabled: Abuse of the System? | 12/29/2008 | See Source »

...funds. These funds were set up by outside firms, which would then funnel the money they received from investors to Madoff. Unlike Madoff's, all the firms running feeder funds had well-known accounting firms listed as their auditors. So, for instance, when investors put money in the Rye Select Broad Market fund, one of the largest Madoff feeders, its statement said that their investments had been audited by KPMG...

Author: /time Magazine | Title: The Madoff Fraud: How Culpable Were the Auditors? | 12/17/2008 | See Source »

...appears KPMG, along with the other auditors of the Madoff feeder funds, did very little to ensure investors weren't being ripped off. Observers say it's likely that all the accounting firms did was check the statements that Madoff himself produced. In the 64-page document Rye Select sent to all its potential investors is the statement "Valuation provided by the counter party affiliate [Madoff] will not be subject to independent review...

Author: /time Magazine | Title: The Madoff Fraud: How Culpable Were the Auditors? | 12/17/2008 | See Source »

...spokesperson from KPMG says that the firm's audit of the Rye Select Broad Market fund conformed to all professional standards and that the firm would vigorously defend its work. A BDO Seidman spokesperson says that his firm is not and has never been the auditor of Madoff Securities. The BDO spokesperson also says that his firm's audit of Ascot Partners met professional standards and that the firm would defend its work. "It is unfortunate that these investors would bring legal action before all of the facts are known and seek to blame others for their own investment decisions...

Author: /time Magazine | Title: The Madoff Fraud: How Culpable Were the Auditors? | 12/17/2008 | See Source »

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