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Bloom had the pluck to use other people's money to buy a $5.2 million New York City apartment near the mayor's mansion in 2003 (coincidentally in the same building where Madoff's son Andrew lived), which he then flipped for $11.2 million in 2007, the CFTC charge states. In addition, it says Bloom and his wife owned multiple apartments in New York, beach homes in Florida and New Jersey, luxury cars and, of course, boats. It also says Bloom used $1.2 million for interior-design work and an additional $1.8 million for personal expenses...

Author: /time Magazine | Title: How to Spot a Ponzi Con Artist? Follow the Yachts | 3/6/2009 | See Source »

...well-known womanizer, Stanford has been caught on giant video screens at cricket matches flirting indiscreetly with players' wives and girlfriends. In an interview with London's The Mail, Stanford's father, James, 81, detailed his son's many "outside wives," of which he said there are three, with four outside children. But he told Reuters that his son has six children "from several women." It's hard keeping it all straight...

Author: /time Magazine | Title: How to Spot a Ponzi Con Artist? Follow the Yachts | 3/6/2009 | See Source »

...Born at the Jacksonville Naval Air Station, the son of a career Navy veteran. His mother died when he was 11; his father when...

Author: /time Magazine | Title: FEMA Chief W. Craig Fugate | 3/6/2009 | See Source »

...when Glenn Martin was leaving prison in upstate Attica, N.Y., after serving six years for robbery, the correctional officer thanked him in a way he'd never forget: "He said my being there helped pay for his boat, and that when my son came there, he would help pay for his son's boat...

Author: /time Magazine | Title: Another By-Product of the Recession: Ex-Convicts | 3/6/2009 | See Source »

Fufuli, for one, shrugs at the street's evolution. "I did not leave [after the bomb blast] because I loved my father's business," he says. "But no one will take over my store. My son studies computer science. It will be sold." In the meantime, he is simply pleased that security has improved, though as he puts it, looking down the street, "it has not reached safety." He shakes his head. "The measurement is when there are a lot of women here...

Author: /time Magazine | Title: The Vanishing Booksellers of Baghdad | 3/5/2009 | See Source »

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