


oh yeah there was a rainbow too




Investors big and small were swindled, from Florida retirees to celebrities such as Steven Spielberg, actor Kevin Bacon and Hall of Fame pitcher Sandy Koufax. Many of Madoff's victims were Jews and Jewish charities, which trusted him because he is Jewish. Those cheated included Nobel Peace Prize winner and Holocaust survivor Elie Wiesel.
In court Thursday, Madoff - a dapper figure, dressed in a charcoal-gray suit, with swept-back, wavy gray hair - said he began the scheme during the last recession, when 'I felt compelled to satisfy my clients' expectations, at any cost.' He did not put his investors' money into the market, as he claimed. Instead, it was a Ponzi scheme, or a pyramid, in which early investors are paid off with money taken in from later ones.
'When I began the Ponzi scheme I believed it would end shortly and I would be able to extricate myself and my clients from the scheme,' he said. 'However, this proved difficult, and ultimately impossible, and as the years went by I realized that my arrest and this day would inevitably come.' In Washington, White House spokesman Robert Gibbs said: 'The president is glad that swift justice will happen.' Mr Gibbs said the Obama administration will do everything possible to ensure strict enforcement of securities regulations 'and hope that through those actions that that kind of greed and irresponsibility and that kind of criminal activity never happens again.' Before the court hearing, helicopters circled above the courthouse, and federal officers with automatic weapons stood outside. Investors signed in before entering the courtroom.


Hey adventurous people from NBS!
We are two students from THM planning on a grad trip to Central Asia and the Empire of the Stans, namely, Kazakhstan + Kyrgyzstan + Uzbikestan + Tajikistan.
Visa-wise, we would require a letter of invitation from someone in the country so that we can visit. However, we have contacts in the region so this is a RARE chance to visit Central Asia. You can never get the chance if you do not know anybody there!
Optimal number of travel mates: 4-6
Estimated travel dates (tentative): 11th May for roughly 3-4 weeks.
Estimated expenses (tentative): $3,500-$4,000 SGD
On contrary to popular believe that this region is highly volatile and unstable, it is actually safe, stable and scenically spectacular.
I have posted details in the link below. Please feel free to join us if you are interested. Thanks! :)
http://www.facebook.com/note.php?note_id=53755544052









and on friday it was ktv once more with.. alright i don't quite know how to classify them. clubbing friends? friends of junxiang? hahaha.
it was great fun with them and like i told seah, it was like "with old friends" even though you can imagine how often i see them. (or in some cases, it's "never before" HAHAHA ;)) dinner and some aimless lazing around liang court later, PLUS one WHOLE ROUND of rushing from clarke quay to vivo back to clarke quay, where we didnt manage to get in to watch My Bloody Valentine, we ended up back at dbl o, which like i said before, was the epitome of crappy clubs.

