Word: cashed
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...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...
...when Nicholas J. Hartigan and David E. Haller ’03, third-year students at Harvard Law School, drive through the poorest neighborhoods of Boston, marked with swaths of abandoned triple-decker houses, they believe that “cash for keys” is only the best solution for the banks—not for the tenants or the community...
...idea is to give these people a heads-up before those damn cash-for-keys people get there,” Hartigan says later in the car. He is pleased by the way the conversation turned out and most importantly, by the fact that Gokool had not yet left the house...
Reach as far back into Illinois history as you like and your hands will likely come out dirty. Blagojevich is the sixth Illinois governor to be subjected to arrest or indictment - seventh if you count Joel Aldrich Matteson (governor from 1853-1857), who tried to cash $200,000 of stolen government scrip he "found" in a shoebox. Matteson pulled a "how-did-that-get-there?" excuse and escaped indictment by promising to pay it back. (Oddly, this isn't Illinois's only shoebox-full-of-money scandal; after former secretary of state Paul Powell's death in 1970, a search...
...Millionaire Fair late last month, even the glare off the hood of a $250,000 Wiesmann MF4 supercar could not blind a visitor to the fact that there was far less interest on both sides of the cash register. A glitzy show designed to part Russia's well-to-do from their cash, the fair is usually spread out through three halls in Moscow's Crocus Expo center - this year it took up only two. With fewer vendors and wider aisles between the stands, the small number of visitors seemed even more sparse. "There are much fewer people this year...