WITHOUT CORRUPTION

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A major charitable foundation in Los Angeles has said that jailed Wall Street money manager Bernard Madoff swindled it out of US$18 million. The Jewish Community Foundation of Los Angeles reported that the foundation invested the money from a common investment pool with Madoff starting in 2004. Foundation president Marvin Schotland told AP that the loss represented less than 3 per cent of the group's total assets, which totaled about US$ 670 million at the end of 2008. The group is one of Los Angeles' 10 largest foundations.

Madoff is in jail pending sentencing for stealing billions of dollars from investors in what could be the biggest scam in Wall Street history. Foundation spokeswoman Lynn Fireside says the foundation would be able to recover at least US$ 500,000 of the lost money after Madoff's assets are liquidated.

Views: 2675 | Added by: usa | Date: 05.04.2009 | Comments (1)

Paris Hilton has been left stunned and "scared" after she was allegedly abused by a DJ's bodyguard in Miami, Florida in the early hours of Friday. The socialite was at the posh Fontainebleau hotel nightclub with her new boyfriend Doug Reinhardt when she approached the DJ to request a song to dance to.

But the music mixer, who was playing a techno set, refused and a bodyguard stepped in, reportedly pushing Hilton away.

Reinhardt leaped to her defence and lambasted the heavyweight guard for putting his hands on Hilton, sparking a brawl between the two men.

Police were called to the scene, but the fight had been broken up ... Read more »

Views: 2670 | Added by: usa | Date: 05.04.2009 | Comments (1)

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