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Bernard Madoff vs Charles Ponzi, What’s a Ponzi Scheme? 2008-12-16 14:37:00 Investigators are trying to figure out whether the financial fraud allegedly perpetrated by Bernard
L. Madoff was, in fact, the largest Ponzi
scheme in history. The alleged scam, which cost investors $50 billion, sounds like a classic Ponzi racket. But what is a Ponzi scheme? And why does it bear this name? First, you need to know a little bit about its namesake, Charles
Ponzi (pictured).Anyone ca Read more:Ponzi Scheme
, Scheme
Dennis Quaid Agrees On Overdose Settlement 2008-12-16 14:26:00 Dennis Quaid and his wife Kimberly have agreed to a $750,000 settlement from Cedars Sinai Medical Center, one year after their newborn twins were given a massive overdose of a blood-thinning drug. more » Read more:Dennis
, Overdose
, Settlement
Kanye West: Rapper, Producer, Intern? 2008-12-16 14:22:00 Kanye West is getting a new gig ... in fashion! For once, the rapper is displaying some humility and is taking the time to learn the biz. According to the Mirror, he's applying for internships at various European design houses, including the London headquarters of Louis Vuitton. more » Read more:Kanye
, Kanye West
, Producer
, Rapper
Delayed 911 response leads to Brittany Zimmermann's death 2008-12-16 13:18:00 Brittany Zimmerman and family deserve more personal apologyA 911 dispatcher who took a call from Brittany Zimmermann
's phone shortly before she was murdered told investigators that she either didn't hear a scream or that "it didn't register as a scream."In a report released Thursday as part of a judge's order, Rita Gahagan said background noises "didn't register as anyone in obvious distress."Zimm Read more:Brittany
, death
Adam Walsh Murder Solved; Ottis Toole Expected to Be Identified as His Killer 2008-12-16 13:10:00 The South Florida Sun-Sentinel reported today that the nearly 30 year old murder of Adam Walsh
is solved. At 2:30 p.m. today, investigators are expected to finger Ottis Toole as the perpetrator in the disappearance and murder of Adam Walsh. Ottis Toole, who confessed to the murder of Adam Walsh twice and recanted his confession twice, died in 1996. The 2:30 p.m. press conference will bring closure Read more:Expected
, Killer
Obama picks Salazar as Interior secretary 2008-12-15 22:19:00 A transition official for President-elect Barack Obama
says Colorado Sen. Ken Salazar
will be named Interior
Secretary later this week.The appointment will round out Obama's environment and energy team. He unveiled most of the team on Monday. The official spoke on the condition of anonymity to avoid pre-empting Obama's upcoming announcement.Salazar is a first-term Colorado Senator who has establis
Obama Picks Arne Duncan for Education Secretary 2008-12-15 22:09:00 President-elect Barack Obama
will name Arne Duncan
, the superintendent of schools in Chicago, to be his Secretary
of Education
, a senior Democratic official and a second person close to the decision said.Mr. Duncan is a Harvard graduate whose friendship with Mr. Obama began on the basketball court and flowered into frequent discussions of education policy.Obama planned to announce his choice Tuesd
My Virgin Post 2008-12-15 18:04:00 Welcome! As we bring you people who are buzzing right now- Read more:Virgin
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