crime

Bernie Madoff Wasn't Very Busy

cityfile · 02/20/09 10:35AM

Whatever it is Bernie Madoff's been up to the last 13 years, we now know one thing he wasn't doing was investing his clients' cash. Irving Picard, the trustee liquidating Madoff's investment firm, said today that he's found no evidence that Madoff purchased any securities on behalf of customers in "at least 13 years." He also said that he's received 2,350 claims so far, and that a handful of subpoenas have been issued, including one to "a hair salon called Blow Styling Salon located blocks away from Mr. Madoff's Manhattan penthouse apartment." Can't wait to hear about that one! [WSJ, NYT]

Rihanna Picture Emerges

Ryan Tate · 02/19/09 09:08PM

A picture obtained by TMZ apparently reveals Rihanna's facial injuries reportedly inflicted by her boyfriend Chris Brown. The awful image (full size after jump) would appear to confirm some rumors about the injuries.

Michael Phelps To Teach CEOs About 'High' Performance

Ryan Tate · 02/19/09 08:21PM

Michael Phelps will be in distinguished company at the World Business Forum, joining Jack Welch, T. Boone Pickens and George Lucas at Radio City Music Hall. Phelps' lecture? How to "relax."

Stanford Gets Grabbed

cityfile · 02/19/09 02:58PM

Allen Stanford, the billionaire financier accused of bilking investors out of an estimated $8 billion, has been located following a nationwide search. The FBI found him in Fredericksburg, Virginia this afternoon and served him with the SEC's complaint. His lobbyist says Stanford is "very depressed," by the way; thanks for your concern. [ABC News]

Today's Worst Person in the World

cityfile · 02/19/09 12:08PM

Bernie Madoff has turned into the devil incarnate for stealing money from various charity groups and schools. As of today, though, he may no longer be the most evil Ponzi schemer around. Meet Marvin Cooper. The founder of a company called Billion Coupons—the name alone should have been a warning sign, no?—Cooper now stands accused of bilking deaf people by holding investment seminars at deaf community centers. And here we were thinking we'd already reached the bottom of human depravity! [NYT/Dealbook]

Aquaman & Friends Elude Weed Charges

Richard Lawson · 02/16/09 04:52PM

Swimming champion and amateur bud enthusiast Michael Phelps will not face charges stemming from the infamous bong picture that recently surfaced. Eight of his fellow partygoers, previously arrested for possession, have been cleared.