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...Oklahoma case, the CFTC's complaint alleges that, beginning in 2005, Phidippides Capital operated a $34 million hedge fund with approximately 60 investors. Since at least October 2007, the CFTC says, Trimble allegedly issued "false account statements, failed to disclose the fund's actual multimillion trading losses and operated the fund as a Ponzi scheme...

Author: /time Magazine | Title: SEC Charges Allen Stanford with Multibillion-Dollar CD Fraud | 2/17/2009 | See Source »

...50th anniversary, but may not make it to that milestone. On Monday, the Board of Trustees voted unanimously to close the museum and use its collection—worth an estimated $350 million—in order to generate funds to cover the University’s looming multimillion-dollar budget deficit. While the plan has been met with considerable opposition from several long-time donors to the Rose and from student protests, the University is moving forward undeterred. Brandeis’s president recently said that some of the art may be saved from liquidation, but that there...

Author: By The Crimson Staff | Title: The End of the Rose | 1/30/2009 | See Source »

...rare modern President who retires to his farm and his library, unless by library we mean a multimillion-dollar monument to his vital role in world history. These men are, as President Bush put it in his farewell squash match with the White House press corps, "type A" personalities. "I just can't envision myself, you know, the big straw hat and Hawaiian shirt, sitting on some beach," he said. "Particularly since I quit drinking." So what options beckon a President who is relatively young, healthy and unloved by more of his fellow citizens upon leaving office than any other...

Author: /time Magazine | Title: Is There a Second Act for George W. Bush? | 1/21/2009 | See Source »

...midst of a cleanup of toxic financial waste that will cost taxpayers hundreds of billions of dollars, at the very least. The primary manufacturers of these hazardous products pocketed multimillion-dollar paychecks for their efforts. So why aren't we making them...

Author: /time Magazine | Title: Economy Cleanup: Clawback to the Future | 1/8/2009 | See Source »

...Snow Bunnies. The Equinox Resort in Vermont, which just completed a multimillion-dollar renovation, is offering a "Cloud 999" package: Book a three-night stay for $999 and, when you're done schussing down the nearby slopes, you can indulge in $999 in spa treatments. If you want to spend a bit more, book the "1769" package; pay $1,769 and get two nights in the Orvis Inn Suite, a facial for two, and a spa day for two, as well as complimentary breakfast. Both offers are good through Dec. 23 and from Jan. 5 to April...

Author: /time Magazine | Title: Travel News: 10 Hotel Deals You Can't Afford to Miss | 12/19/2008 | See Source »

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