Word: suits
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
...sometime in 2005, according to the SEC suit, Madoff's investment-advisory business morphed into a Ponzi scheme, taking new money from investors to pay off existing clients who wanted to cash out. According to a form filed with the SEC, Madoff reported that the business had $17.1 billion under management in January 2008. As the market got worse this year, Madoff continued to report to investors that his funds were up - as much as 5.6% through the end of November. That would have been a remarkable performance. During the same time, the stocks of the Standard & Poor...
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...
...scandal that appears likely to end his career has come. Arriving at court on Tuesday, Blagojevich entered from a side door, wearing a Nike blue and black running suit and keeping his head low after a quick sweeping look at the crowded gallery. His appearance was rather haggard, his normally brushed bangs a bit unkempt - a striking contrast with his co-defendant, chief of staff John Harris, 46, who was dressed tidily in a suit...
...metallic-sheen suit strolls slowly down an aisle with a dark-haired woman in fur on his arm. They stop occasionally to examine one of the many Persian carpets arrayed on a wall the length of a tennis court. Against the black cloth of the exhibition hall's walls, the brightly colored handmade silk carpets - in vibrant blues and greens, luscious reds and purples - almost leap off the backdrop...