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...City grifter named William Miller, who fleeced investors out of $1 million--more than $20 million in today's dollars--in 1899. The cons have since grown: a Florida church netted $500 million in a 1990s fraud that promised God would double the money of pious investors. Boy-band impresario Lou Pearlman, in addition to foisting 'N Sync on an unsuspecting public, stole $300 million from clients over two decades. And citizens poured some $1.2 billion into Albanian pyramid schemes after the fall of communism; when the schemes collapsed in 1997, investor outrage toppled the government. Still, Madoff...

Author: /time Magazine | Title: A Brief History Of: Ponzi Schemes | 1/8/2009 | See Source »

...Followers give the credit to Swami Shantanand Saraswathi, the "mobile monk" as some call him, who went to Malaysia in 1971 on a spiritual calling and, finding master musicians and dancers among his new devotees, turned his life's work into becoming an impresario - eventually creating Temples of Fine Arts in Singapore, Australia, India and Sri Lanka as well. The swami died in 2005, long before the fruition of his work in K.L., which when fully operational will comprise a 600-seat auditorium, an art gallery, seven dance studios, 12 music rooms and more...

Author: /time Magazine | Title: Divine Inspiration | 1/1/2009 | See Source »

This ignominious group has had some high-profile recent entrants, including 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...

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

...Impresario's departure scuttles Brokeback Mountain opera. Guess he did know how to quit...

Author: /time Magazine | Title: Pop Chart | 11/13/2008 | See Source »

...third year in a row, graphics director Jackson Dykman has been the impresario of our America by the Numbers franchise. This year we look at You: The Voter. Most polls tell you what voters are thinking but not how they've made up their minds. Our new national poll uses what Jackson calls "feeling thermometers"--that is, questions that go beyond yes-or-no answers to get at how voters arrive at their decisions. Jackson explains that most voters rely on their emotions and that as many as 28% of voters pick the candidate who does not share their policy...

Author: /time Magazine | Title: How We Decide | 10/9/2008 | See Source »

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