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Participants In The Madoff Investment Scandal
Participants in the Madoff investment scandal included employees of Bernard Madoff's investment firm with specific knowledge of the Ponzi scheme, a three-person accounting firm that assembled his reports, and a network of feeder funds that invested their clients' money with Madoff while collecting significant fees. Madoff avoided most direct financial scrutiny by accepting investments only through these feeder funds, while obtaining false auditing statements for his firm. The liquidation trustee of Madoff's firm has implicated managers of the feeder funds for ignoring signs of Madoff's deception. Although Madoff claimed to have executed the scheme alone, subsequent investigation has shown that he was assisted by a small group of close associates, as well as the feeders' self-interested indifference to the source of his investment returns. Madoff Securities International Ltd. In 2008, about $1 billion was transferred between Madoff's U.S. firm and Madoff Securities International ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fiduciary
A fiduciary is a person who holds a legal or ethical relationship of trust with one or more other parties (person or group of persons). Typically, a fiduciary prudently takes care of money or other assets for another person. One party, for example, a corporate trust company or the trust department of a bank, acts in a fiduciary capacity to another party, who, for example, has entrusted funds to the fiduciary for safekeeping or investment. Likewise, financial advisers, financial planners, and asset managers, including managers of pension plans, endowments, and other tax-exempt assets, are considered fiduciaries under applicable statutes and laws. In a fiduciary relationship, one person, in a position of vulnerability, justifiably vests confidence, good faith, reliance, and trust in another whose aid, advice, or protection is sought in some matter... In such a relation, good conscience requires the fiduciary to act at all times for the sole benefit and interest of the one who trust ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Associated Press
The Associated Press (AP) is an American non-profit news agency headquartered in New York City. Founded in 1846, it operates as a cooperative, unincorporated association. It produces news reports that are distributed to its members, U.S. newspapers and broadcasters. The AP has earned 56 Pulitzer Prizes, including 34 for photography, since the award was established in 1917. It is also known for publishing the widely used '' AP Stylebook''. By 2016, news collected by the AP was published and republished by more than 1,300 newspapers and broadcasters, English, Spanish, and Arabic. The AP operates 248 news bureaus in 99 countries. It also operates the AP Radio Network, which provides newscasts twice hourly for broadcast and satellite radio and television stations. Many newspapers and broadcasters outside the United States are AP subscribers, paying a fee to use AP material without being contributing members of the cooperative. As part of their cooperative agreement with the AP, most ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
General Motors
The General Motors Company (GM) is an American Multinational corporation, multinational Automotive industry, automotive manufacturing company headquartered in Detroit, Michigan, United States. It is the largest automaker in the United States and was the largest in the world for 77 years before losing the top spot to Toyota in 2008. General Motors operates manufacturing plants in eight countries. Its four core automobile brands are Chevrolet, Buick, GMC (automobile), GMC, and Cadillac. It also holds interests in Chinese brands Wuling Motors and Baojun as well as DMAX (engines), DMAX via joint ventures. Additionally, GM also owns the BrightDrop delivery vehicle manufacturer, GM Defense, a namesake Defense vehicles division which produces military vehicles for the United States government and military; the vehicle safety, security, and information services provider OnStar; the auto parts company ACDelco, a GM Financial, namesake financial lending service; and majority ownership in t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
David G
David (; , "beloved one") (traditional spelling), , ''Dāwūd''; grc-koi, Δαυΐδ, Dauíd; la, Davidus, David; gez , ዳዊት, ''Dawit''; xcl, Դաւիթ, ''Dawitʿ''; cu, Давíдъ, ''Davidŭ''; possibly meaning "beloved one". was, according to the Hebrew Bible, the third king of the United Kingdom of Israel. In the Books of Samuel, he is described as a young shepherd and harpist who gains fame by slaying Goliath, a champion of the Philistines, in southern Canaan. David becomes a favourite of Saul, the first king of Israel; he also forges a notably close friendship with Jonathan, a son of Saul. However, under the paranoia that David is seeking to usurp the throne, Saul attempts to kill David, forcing the latter to go into hiding and effectively operate as a fugitive for several years. After Saul and Jonathan are both killed in battle against the Philistines, a 30-year-old David is anointed king over all of Israel and Judah. Following his rise to power, David ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New City, New York
New City is a hamlet and census-designated place in the town of Clarkstown, Rockland County, New York, United States, part of the New York Metropolitan Area. An affluent suburb of New York City, the hamlet is located north of the city at its closest point, Riverdale, Bronx. Within Rockland County, New City is located north of Bardonia, northeast of Nanuet, east of New Square and New Hempstead, south of Garnerville and the village of Haverstraw, and west of Congers (across Lake DeForest). New City's population was 35,101 at the 2020 census, making it the 14th most populous CDP/hamlet in the state of New York. New City is the county seat, and most populous community of Rockland County and the location of the Clarkstown Police Department, Sheriff's office and corrections facility. The downtown area is one of the main business districts in the county. The ZIP code of New City is 10956. Geography New City is located at (41.145495, −73.994901). New City is accessible from maj ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Personal Bankruptcy
Personal bankruptcy law allows, in certain jurisdictions, an individual to be declared bankrupt. Virtually every country with a modern legal system features some form of debt relief for individuals. Personal bankruptcy is distinguished from corporate bankruptcy. By country The DICE report 2006 of Munich's ifo Economic Research compared international personal bankruptcy in selected OECD-countries. United States In the United States, the same chapters of the Bankruptcy Code are applied in both personal and corporate bankruptcies. Most individuals who enter bankruptcy do so under Chapter 13 (a "reorganization" plan) or Chapter 7 (a "liquidation" of debtor's assets). More rarely, personal bankruptcy proceedings are carried out under Chapter 11. The ultimate goal of personal bankruptcy, from the viewpoint of the debtor, is receiving a discharge. Canada The concept behind bankruptcy in Canada is that an individual assigns (surrender) everything they own to a trustee in bankruptcy in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Palm Beach, Florida
Palm Beach is an incorporated town in Palm Beach County, Florida. Located on a barrier island in east-central Palm Beach County, the town is separated from several nearby cities including West Palm Beach and Lake Worth Beach by the Intracoastal Waterway to its west, though Palm Beach borders a small section of the latter and South Palm Beach at its southern boundaries. As of the 2020 census, Palm Beach had a year-round population of 9,245, an increase from 8,348 people in the 2010 census. Further, around 25,000 people reside in the town between November and April. The Jaega arrived on the modern-day island of Palm Beach approximately 3,000 years ago. Later, white settlers reached the area as early as 1872, and opened a post office about five years later. Elisha Newton "Cap" Dimick, later the town's first mayor, established Palm Beach's first hotel, the Cocoanut Grove House, in 1880, but Standard Oil tycoon Henry Flagler became instrumental in transforming t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Aston Martin DB2/4
The Aston Martin DB2/4 is a grand tourer produced by Aston Martin from 1953 until 1957. It was available as a 2+2 hatchback saloon, drophead coupé (DHC) and 2-seat fixed-head coupé. A small number of Bertone bodied spiders were commissioned by private buyers. Overview The DB2/4 was based on the DB2, which it replaced. Changes included a wraparound windscreen, larger bumpers, and repositioned headlights. The body was designed by draftsman John Turner who was 17 years of age at the time. The Lagonda straight-6 engine, designated the VB6E, was initially the same dual overhead cam straight-6 designed by W. O. Bentley and used in the Vantage version of the DB2. Displacement was 2.6 L (2,580 cc/157 in³), giving 125 hp (93 kW). In September 1953 for the Saloon and in April 1954 for the Drophead, a 2.9 L (2,922 cc/178 in³) VB6J version was used, raising power to 140 hp (104 kW) and maximum speed to 120 mph (193 km/h). O ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chapter 15
{{USBankruptcy Chapter 15, Title 11, United States Code United States bankruptcy code that deals with jurisdiction in certain bankruptcy cases. Under Chapter 15, a representative of a corporate bankruptcy proceeding outside the United States can obtain access to the U.S. courts. This allows cooperation between the United States courts and the foreign courts, as well as other authorities of foreign countries involved in cross-border insolvency cases. Jurisdiction issues It happens with increasing frequency that a bankruptcy proceeding in one country has a connection to assets or information located in another. Because of the involvement of multiple jurisdictions, unique problems arise, and in response, the United States enacted Section 304 of the U.S. Bankruptcy Code in 1978. Section 304 was repealed in 2005 and replaced with Chapter 15, titled "Ancillary and Other Cross Border Cases". This section has increased the range of options available in the United States in support of fore ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Carmen Dell'Orefice
Carmen Dell'Orefice (, ; born June 3, 1931) is an American supermodel and actress. She is known within the fashion industry for being the world's oldest working model as of the Spring/Summer 2012 season. She was on the cover of ''Vogue'' at the age of 15 and has been modeling ever since. Her daily motto is to enjoy herself, at no-one else's expense. Early life Dell'Orefice was born in New York City to parents of Italian and Hungarian descent. Her parents had an unstable relationship characterized by frequent break ups and reconciliations. Dell'Orefice lived in foster homes or with other relatives during her parents' clashes. Career At the age of 13, while riding a bus to ballet class, she was approached to model by the wife of photographer Herman Landschoff. Her test photos, taken at Jones Beach, were a "flop" according to Dell'Orefice."Model", by Michael Gross, 1995, page 103. In 1946, her godfather introduced her to ''Vogue'' and the 15-year-old signed a modeling contract fo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lipstick Building
The Lipstick Building, also known as 885 Third Avenue and 53rd at Third, is a 453-foot (138 meter) tall skyscraper at Third Avenue between 53rd Street and 54th Street in the Midtown Manhattan neighborhood of New York City. It was completed in 1986 and has 34 floors. The building was designed by John Burgee and Philip Johnson for Hines Interests and was developer Gerald D. Hines's first project in New York City. The building's nickname is derived from its shape and color, which resembles a tube of lipstick. The building has a nearly elliptical massing, with setbacks above the 19th and 27th stories, as well as a two-story granite penthouse. The structure is actually polygonal; both the base and the setback sections have over a hundred sides. The building stands on a double-height column at the base, and the facade is made of red Imperial granite and stainless steel. On the northeast side of the building is a nine-story-tall rectangular annex. The building has of rentable space, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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