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Merkin, who pocketed more than $470 million in fees from investors, the suit alleges, was not the "investing guru" he claimed to be, but instead a "master marketer" who knew and ignored the many "glaring red-flags" related to Madoff's investments, according to Cuomo...

Author: /time Magazine | Title: Madoff Feeder Merkin Charged by Cuomo | 4/6/2009 | See Source »

...Massachusetts' suit, Galvin alleges Fairfield had "complete disregard of its fiduciary duties to its investors" and made "flagrant and recurring misrepresentations to its investors to the level of fraud." A Fairfield spokesperson said the complaint was false and misleading...

Author: /time Magazine | Title: Madoff Feeder Merkin Charged by Cuomo | 4/6/2009 | See Source »

...some cases, Cuomo says, Merkin told investors only 15% of Ascot investments were placed with Madoff. In reality, the entire fund was invested with the Ponzi scheme, the suit alleges. In another example, the suit says Merkin told investors all of Ascot's assets were maintained in a Morgan Stanley brokerage account, and not with Madoff. In addition, Cuomo charges, Merkin "commingled his personal funds" with his investment funds for his personal benefit, including the purchase of over $91 million in artwork for his New York apartment...

Author: /time Magazine | Title: Madoff Feeder Merkin Charged by Cuomo | 4/6/2009 | See Source »

...narratives; streaks of red and blue remind the audience of the American ideals against which the characters are juxtaposed. Sets are minimal, as the script calls for numerous settings, and most furniture is on wheels so that it can be easily moved and given another use. This rapid movement suits the show well; it emphasizes the motif of change and migration, presenting each scene as a temporary meshing of two or more characters’ individual stories.The fourth wall is kept intact for the duration of the piece, ensuring distance between the audience and the actors and highlighting, intentionally...

Author: By Victoria J. Benjamin, CONTRIBUTING WRITER | Title: Spiritual and Moving, ‘Angels’ Transcends Clichés | 4/5/2009 | See Source »

...full marriage for gays, and Vermont is on the brink of becoming the first state where gay marriage would be made legal by lawmakers, rather than the courts - a significant milestone. The Vermont House passed a law allowing gay marriage on Friday, and the Senate is expected to follow suit on Monday. Gov. Jim Douglas has promised to veto it, but an override fight will quickly follow, probably by next week...

Author: /time Magazine | Title: The Meaning of Iowa's Gay-Marriage Decision | 4/4/2009 | See Source »

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