Posted by Al Lewison November 30, 2010 Mr. Ponzi /
Former Denver Broncos QB John Elway has been mum on his multimillion-dollar losses in a Ponzi scheme since April when the hedge fund manager he entrusted with his money turned out to be just another Bernie Madoff wannabe.
Elway has declined all requests for comment – except one, which he answered last week with a simple declarative sentence. And from the sound of it, Elway is just as mad at me as he is at Sean Mueller, the confessed Ponzi schemer who blew all his money.
Black Friday sales, if nothing else, marked a third year of sluggish consumerism since the recession officially began in December 2007.
So many nameplate retailers – from Circuit City to Linens N’ Things – have simply vanished over these years. But what I find amazing are some of the stores that survive. Who’d have thought, for instance, that as the great slog went on, we’d still be shopping at Sears.
Posted by Al Lewison November 23, 2010 Mr. Ponzi /
What kind of a crook doesn’t leave his secretary enough of a slush fund to make bail in the event that the entire criminal enterprise is shut down?
Bernie Madoff had the foresight to confess his crimes, and even the loyalty to claim that the crimes were his alone, but history’s biggest Ponzi schemer couldn’t find $5 million for his longtime secretary to make bail?
Annette Bongiorno, 62, will be transferred from Florida to New York to face charges. A federal magistrate judge ruled she can’t be free until someone comes up with sufficient assets to secure bail.
Last week, the feds arrested Bongiorno, who worked for Madoff for more than 40 years, from her home in Boca Raton, Fla. They also nailed JoAnn Crupi, who worked for him 25 years from her home in Westfield, N.J.
Charged with conspiracy, securities fraud and other crimes, Madoff’s personal assistants bring the total number of people charged in the case to eight.
They face decades in prison if convicted. Their boss is already serving a 150 years.
Wonder what kind of cards they’ll send on Bosses Day.
I am swimming in emails and comments today from readers – most of whom are angered, and even terrified, by the TSA’s enhanced security procedures.
Travelers selected for the TSA’s new imaging machines have a choice.
They can be exposed to a high-tech strip search, which includes a naked photo and a dose of radiation with debateable health effects. Or they can be patted-down everywhere, including groin and breasts.
Whatever happened to the Constitutional protection against unreasonable searches and seizures?
Lawsuits are flying. And there’s an National Opt-Out-Day slated for Nov. 24. Organizers are asking travelers to opt out of the scanner on that day and submit to a hand search. If everyone requested a hand search, the TSA would sure be busy, and the airport operations could come to a crawl.
Has the TSA gone too far? Or will anything go in the name of protecting us from terrorists?
Also, this just in. Another protest is being organized for Dec. 1 that aims to shut down airports with protesters. Check out shutdowntheairports.com.