Word: statements
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...charges Hays with misappropriating investor funds to purchase a $4 million yacht, among other things. Hays could not be located for comment. "Hays ran his Ponzi scheme from his yacht but was grounded when the tide turned as federal authorities exposed this egregious fraud," said Obie in a prepared statement. When asked why the Ponzi surge is so great now, Obie said, "What you're seeing is the collapse of Ponzi funds in hard economic times - but I'm afraid as times get tougher, we're going to see new fraud develop, especially foreign-currency fraud...
...increased regulation of financial institutions. The paper, written in January but released online last week, suggested that regulations are effective at preventing crises such as the current economic meltdown. Moss said he conducted research on behalf of the Troubled Asset Relief Program Congressional Oversight Panel, which was composing a statement on regulatory reform. The panel’s report drew on Moss’ work to promote insuring and overseeing “systematically significant” financial institutions. Moss suggests that New Deal regulations were effective, but that their success created complacency. “Many took for granted...
...part of the first fatal commercial airliner crash in the United States in more than two years—was confirmed by the New York-based non-governmental organization Human Rights Watch, where she worked for over two decades as a senior adviser in the Africa division. In a statement released on its Web site, Human Rights Watch praised Des Forges as “the world’s leading expert on the 1994 Rwanda genocide and its aftermath.” Those who knew Des Forges at Radcliffe, when she went by her maiden name Alison Liebhafsky, expressed...
...cash in his wallet. The robber allegedly left in the direction that he came, running toward Mt. Auburn Street. “Our officers stopped a suspect near Au Bon Pain, but [the Cambridge Police Department] ultimately made the arrest,” wrote Catalano in an e-mailed statement. The robbery occurred outside HUPD’s jurisdiction as it took place on a city street, so the suspect will be handled by the Cambridge police, according to Catalano. The Cambridge Police Department did not return requests for comment over the weekend. According to CPD’s third...
...White House announcement took subtle shots at the priorities of the Bush Administration, stressing that the request from U.S. commanders in Afghanistan for the additional troops was "months old". President Obama's written statement explained, "This increase is necessary to stabilize a deteriorating situation in Afghanistan, which has not received the strategic attention, direction and resources it urgently requires...