Word: yachted
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Perhaps, but Vargas' lifestyle is hardly the stuff of Chávez's "21st-century socialism." In a rare interview last year, he told the Wall Street Journal, "People write stories about me saying I have a Ferrari, a plane, a yacht. But it's not true. I've got three planes, two yachts, six houses. I've been rich all my life!" In 2004, his daughter Margarita wed Luis Alfonso de Borbón, a cousin of Spain's King Juan Carlos, great-grandson of the late Spanish dictator Francisco Franco and a legitimate heir to the non-existent...
...governments had been loathe to risk trying to free hostages. The only exception had been France, which has deployed commandos to rescue captive crews off Somalia. A French hostage-rescue effort on Friday resulted in the deaths of two pirates and one of the four people aboard a yacht that had been hijacked. But Phillips' dramatic rescue - which saw snipers on the U.S.S. Bainbridge kill the three pirates who held him hostage on a lifeboat 30 miles off the coast of Somalia - has significantly upped the ante with pirates who had previously not harmed hostages. (See pictures of the U.S.and...
...cited in a Justice Department communication to Sorkin tallies the total size of the fraud, which dates back to the 1980s, at $170 billion, which includes money invested with Madoff, interest earned and payouts to investors as well as the value of things he bought for himself, like a yacht. "The charges reflect an extraordinary array of crimes committed by Bernard Madoff for over 20 years," said acting U.S. Attorney Lev L. Dassin in a statement. (See pictures of the demise of Madoff...
...until last month, Chuck Hays ran a fund called Crossfire Investment, with $5.5 million in assets. What did he do with his clients' money? What else - went out and bought himself a $4 million yacht, from which he ran the alleged scam, according to CFTC and SEC complaints. In early February, the agencies dropped anchor on Hays...
...course, the Madoffs have a yacht too, called Bull, as well as a Montauk beach house, a villa in the South of France, half ownership of a $24 million jet, a palm-studded Palm Beach estate and three or four golf-club memberships. Madoff has, however, agreed to give up to investors his artwork and entertainment tickets...