Word: shuts
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...shut down James Ossie's high-flying currency trading outfit, CRE Capital Corp., based in Atlanta, and charged Ossie with allegedly bilking 120 investors out of $25 million. Not exactly Bernie-level action, but for investors who believed Ossie's "little-risk currency-trading contracts" pitch, it goes down as a dark day for their bank accounts...
Most Ponzis Addelman sees are unregistered funds, so it's often "too late for us to stop the major damage." In the new SEC case against Ossie, however, "this was ongoing and he was still getting money from investors," she says. "We had to move fast to shut it down." (See pictures of the top 10 scared traders...
...second biggest dollar-earner in movie history, and which kids and critics alike appreciated less as a live-action comic book than a triangular battle of stern Good, giggling Evil and two faces in between. Except for a Heath Ledger memorial citation (Supporting Actor), the film was shut out of all major award categories, taking seven other doorstop prizes like Sound Editing and Sound Mixing...
...economy has spiraled down over the last few months, firms have executed a laundry list of liquidations. The Mervyn's department store chain, Levitz furniture outlet, Steve & Barry's apparel stores, Whitehall Jewelers and Linens n' Things have all shut down. KB Toys, the second largest toy retailer behind Toys R' Us, and Boot Town, a Western clothes outfitter, are running liquidations now, along with Circuit City. Look for more to come. Schaye says Hudson Capital's revenues increased tenfold in 2008. According to Erickson, the Great American Group saw a 300% revenue jump in 2008. He predicts similar growth...
...those who have long advocated - and agitated for - the closure of the Guantánamo Bay prison camp, today is a day to savor. Keeping his campaign promise, President Barack Obama issued an Executive Order to shut down the prison within a year and to halt the use of controversial interrogation techniques. "The message that we are sending around the world is that the United States intends to prosecute the ongoing struggle against violence and terrorism and we are going to do so vigilantly," Obama said at a signing ceremony in the Oval Office. "We are going...