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...Democratic fundraiser Norman Hsu, who was charged in October with operating a $60 million Ponzi fraud, and former boy-band impresario Lou Pearlman, who in addition to foisting N'Sync on an unsuspecting public also stole $300 million in investor capital over two decades. Earlier this month, Minnesota businessman Tom Petters was indicted by a federal grand jury on 20 counts of fraud, conspiracy and money laundering stemming from his alleged role in a 13-year, $3.5 billion Ponzi ring. Still, the $50 billion fraud Madoff allegedly perpetrated is the most egregious Ponzi scheme to date-unless you subscribe...

Author: /time Magazine | Title: Ponzi Schemes | 12/15/2008 | See Source »

...Among those who are being mentioned as possible candidates are Kennedy's former cousin-in-law, New York Attorney General Andrew Cuomo; at least four current House members, including Kirsten Gillibrand, Carolyn Maloney, Brian Higgins and Steve Israel; Buffalo Mayor Byron Brown; and Nassau County executive Tom Suozzi. Last week, New York Congressman Gary Ackerman said he didn't know of any qualifications that Kennedy has, "except that she has name recognition - but so does J. Lo." (See other possible candidates for Clinton's Senate seat...

Author: /time Magazine | Title: Is Caroline Kennedy Ready for the Senate? | 12/15/2008 | See Source »

...famous client. Yoko Ono hired him to help find her daughter. Roseanne Barr hired him to help find her own daughter, whom she had once put up for adoption. He helped dig up dirt on one of the families accusing Michael Jackson of molestation. He has done work for Tom Cruise, Kevin Costner, Sylvester Stallone, Steven Seagal, James Woods, Mike Myers, Chris Rock, former super-agent Mike Ovitz and dozens of others. His nickname is the "sin eater...

Author: /time Magazine | Title: Anthony Pellicano | 12/14/2008 | See Source »

...approval from their House Masters. The plan is being modeled after a program in Cabot House, where the HoCo allocates $75 to one party every week, and no funds are allowed to be spent on alcohol. “I think that could be very beneficial,” Tom R. Benson ’09, Cabot’s HoCo chair, said about the plan. But Benson added that he thought that the amount of money proposed by Schwartz might be too large, and recommended funding one party in each House every week. “There?...

Author: By Eric P. Newcomer, CONTRIBUTING WRITER | Title: Leading Tickets Stress Need for College To Make More Space for Students | 12/12/2008 | See Source »

Atlanta Scene. Top Chef judge Tom Colicchio opened a branch of his fashionable restaurant, Craft, in Atlanta on Dec. 8. Other locations serving Colicchio's simple, elegant fare are in New York City, Los Angeles and Dallas. We recommend you sample his roasted quail and hen of the woods mushrooms. 376 Peachtree Road N.E., Atlanta...

Author: /time Magazine | Title: Personalized Bottles of Bubbly and Other Cool Deals | 12/12/2008 | See Source »

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