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...mail fraud, wire fraud, three counts of money laundering, false filings with the SEC and theft from an employee benefit plan. The scam's victims included high-profile celebrity names such as actress Kyra Sedgwick, actor Kevin Bacon, director Steven Spielberg, actress Zsa Zsa Gabor, actor John Malkovich, New York Daily News owner Mort Zuckerman and the family trust of DreamWorks CEO Jeffrey Katzenberg, as well as charities, universities, hedge funds, banks and pension funds around the world...

Author: /time Magazine | Title: The Penalty for 'Extraordinary Evil': Madoff Gets 150 Years | 6/29/2009 | See Source »

Sources: AP; New York Times; BBC; New York Times; Los Angeles Times; CNN; Politico...

Author: /time Magazine | Title: Verbatim | 6/29/2009 | See Source »

...mandatory on-the-menu calorie counts have been implemented in only three localities: Washington's King County (which includes Seattle), New York City and Westchester County, a suburb of New York. And since none of these provisions have been in place for more than a year, nutritionists have yet to gather empirical proof that they work. But some science suggests that prominently displayed calorie counts steer purchases. In 2007, researchers in New York City examined consumer eating habits at Subway, which voluntarily posted calorie info in its stores. This study, also published in the American Journal of Public Health, reported...

Author: /time Magazine | Title: Fast Food: Would You Like 1,000 Calories with That? | 6/29/2009 | See Source »

...forced disclosure could lead more restaurants to change their offerings. A report by New York City health officials noted that since menu-labeling went into effect last summer, some chains have lowered the calorie counts on certain items. For example, in March 2007, a Chicken Club sandwich at Wendy's was listed as being 650 calories. In June 2008, as the New York law kicked in, the item was 540 calories - a 17% drop. (Wendy's used a lower-calorie mayo to reduce the count, but a spokesman insists menu-labeling played no part in the move. Call...

Author: /time Magazine | Title: Fast Food: Would You Like 1,000 Calories with That? | 6/29/2009 | See Source »

Earlier this week, treasury secretary Tim Geithner sat down with TIME managing editor Rick Stengel at an economic summit hosted by Time Warner in New York City to discuss the outlook for the economy and President Obama's overhaul of the financial regulatory system. Later, the Secretary answered additional questions about the new financial rules and regulations. Some excerpts...

Author: /time Magazine | Title: Geithner Q&A | 6/29/2009 | See Source »

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