Wesleyan, an annoying school populated by rapping sex magazine columnists, is suing its former C.I.O. for illegally using his post at the school to help his fledgling hedge fund. Why was Wesleyan employing a square in the first place? [Dealbook]

The Way We Live Now: Ungratefully. Just like the mere knowledge that Ethiopians were starving did not make you enjoy your mom's gross turnips, neither does the knowledge of widespread unemployment make you like your job. You ungrateful bastard.

Raj Rajaratnam, the hedge fund billionaire (and dwarf enthusiast) accused of insider trading, has even more legal trouble on his hands today. Prosecutors say they plan to tack on another bunch of charges to their original indictment, a move that could increase Rajaratnam's prison sentence to 15 years (or more) if he's ultimately convicted. Even more concerning: The Wall Street Journal unveiled a new illustration (or "hedcut") of Raj in the paper today, and his smile and casual, open-collared look has been replaced with one that makes him look much more defendant-y. That can't be a good sign, can it? [NYT, Dealbreaker, previously]

A harrowing tale of survival in Williamsburg—The Brooklyn Paper reports: "The victim returned to his home, which is between Roebling and Havemeyer streets, at 2 pm to find a man, who quickly ordered him to take off his pants and go into the bathroom." What then? "That's when the jerk made off with a laptop and cash, leaving the confused, pants-less renter without any leads."

Johnny Lee Wicks, who shot two cops in a Vegas courthouse yesterday, had been battling the government for two years over his Social Security benefits. I guess he lost. [Las Vegas Sun. Pic: AP]

It's hard to say what's more pathetic: That the social networks at the center of Silicon Valley's growth derive so much money from online scams, or the way one venture capitalist excuses the whole sad scene.

As Suffolk police close in on Craig 'Lazie' Lynch—who escaped from prison in September and is now taunting the cops on Facebook—Lazie battles a temperamental public and inspires imitators. Plus: Another inmate absconds from his prison.

New York said goodbye to 2009 and kicked off the decade with a rough 48 hours that included a murder suicide, a crotch stabbing, and a teenage knife fight.

Earlier this month, Conde Nast filed a lawsuit to try to find the identities of hackers who posted images of Conde magazines online in November, prior to their publication. Conde Nast has no patience for electronic chicanery from common layabouts.

Before three people died in his sweat lodge of horror, James Arthur Ray told them to "surrender to death to survive it." The police report is out, and it's thirty-three pages of insanity, chronicling Ray's sordid career and stanky retreat.

Add poor Ponzi schemers to the list of people who suffered during the recession of 2009. According to the AP, more than 150 investment schemes collapsed this year, compared to 40 in 2008. [AP, WSJ]

Raj Rajaratnam, the hedge fund billionaire who stands accused of masterminding a massive insider trading ring, was incredibly competitive and a ruthless boss. Of course you sort of have to be if you're planning to claw your way up to the top of the hedge fund pyramid. But it turns out he was a pretty wacky boss, too, as today's Wall Street Journal illustrates.

Somali pirates win the year! The edgy folk heroes of the high seas have seized a Greek cargo ship and a British tanker, closing out the year on a strong, piratey note. They're in the record books, folks!

Remember how, in Catch Me If You Can, fugitive Leonardo DiCaprio kept calling Detective Tom Hanks to taunt him? Here is a convicted burglar doing the same thing, in real time on Facebook. Should we celebrate or fear him?

NYPD vows to test DUI suspects faster, unless they have a Police Benevolent Association card.

Jeffrey Epstein penis-related legal woes update! The billionaire Bill Clinton pal is currently being sued by 14(!) women who are upset, in retrospect, that they sexually stimulated Epstein for money. He is therefore (legally) harassing them. Nice guy.

So much for the theory that economic downturns fuel crime waves. Unless something totally crazy happens between now and the end of the week, New York City "is on track, for the second time in three years, to have the fewest number of homicides in a 12-month period since 1962." [NYT]

24 year-old NYU film and history student Michael Peaden, who probably pays a lot of money to go to NYU, figured out that the chemistry department's manager had been taking money from the school....via liquor store receipts. His reward?

When "old" New Yorkers remember this city before it was "cleaned up," a nighttime subway ride's often recalled as a Warriors-esque life-threatening transit option. Now it's so safe, people can't even stretch out.