Word: schemes
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Dates: during 2000-2009
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Before Bernie Madoff admitted to running a massive Ponzi scheme, Jeffry Picower was known for being a philanthropist. With about $1 billion in assets, the Picower Foundation, which he started with his wife Barbara, supported causes like neuroscience research at MIT and public education in Florida. The largesse seemed a fitting testament to the Bronx, N.Y., native's ascent from accountant and lawyer to billionaire investor and buyout artist...
...billion over 20 years--including some $5 billion in fake profits--headlined the list of targets. Picard held that an investor of Picower's sophistication had to know something was amiss when his yearly returns went as high as 950%, and he accused Picower of helping Madoff perpetuate the scheme. Picower denied the allegations. His foundation, its endowment crippled, closed up shop...
...really aware of the ‘accidents’ that happen, the things that people do wrong that actually wind up working really well,” Stoller-Lindsey says of her decision to incorporate some of these accidental movements into her final choreographic scheme...
...celebrate. They first did it on Oct. 29, 1886, inspired by the ceremony to dedicate the Statue of Liberty. The practice was still a novelty 10 years later, when the New York Times reported that office workers had "hit on a new and effective scheme of adding to the decorations" at a parade for presidential candidate William McKinley by unfurling hundreds of ticker-tape reels out the window. (See the best and worst sports executives...
...voting scheme requires voters to initially rank their top six candidates in order to narrow the pool down to five. The candidate with the fewest number one rankings is eliminated and the ballots in favor of this candidate are redistributed to the voter’s second choice. The process is repeated until six candidates remain. A final vote of 2135 is required in order to gain a seat in the school committee...