Word: suited
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...along with the fund it audited, Ascot Partners. Investors in Ascot, which was managed by GMAC chairman J. Ezra Merkin and invested all its money with Madoff, lost a reported $1.8 billion. New York Law School said its endowment fund had $3 million in Ascot. It's the first suit to name an accounting firm in connection with the Madoff case...
...middle-income initiative was felt across higher education, with Yale quickly following suit with a similar financial program. Stanford also expanded its aid program to make tuition free for families making less than $100,000 and other elite universities—including those in the Ivy League, MIT, Duke, and the University of Chicago—quickly followed suit...
Despite his gains, a growing number of investors began asking Madoff for their money back. In the first week of December, according to the SEC suit, Madoff told a senior executive that there had been requests from clients for $7 billion in redemptions. On Wednesday, Madoff met with his two sons to tell them the advisory business was a fraud - "a giant Ponzi scheme," he reportedly told them - and was nearly bankrupt. The sons reportedly contacted their lawyer, who then alerted federal authorities to the fraud. Before being caught, Madoff was working on a scheme to dole out his funds...
...Still in his black suit and traditional Islamic hat, Beydulla was taken to the local police station on the back of the cop’s motorcycle...
...Obama's senior aide, David Axelrod, wore earth tones, a tweed coat and no tie, while his campaign manager, David Plouffe, arrived in a proper dark suit with a glittering pink tie. McCain's campaign manager, Rick Davis, brought a knit blue tie (and wry sarcasm), while his chief pollster, Bill McInturff, sat beside Davis in a white shirt with an open collar. "Here we are in the year that we elected the first African-American President, and I get to share the stage with four white guys," joked the moderator, Gwen Ifill, a correspondent for PBS who was still...