Madoff Had Millions in Checks Ready to Go Out

Prosecutors arguing that alleged $50 billion scammer Bernard Madoff should be put in jail immediately say that when Madoff's desk was searched following his arrest, investigators found approximately 100 signed checks totaling more than $173 million "ready to be sent out".

Disgraced financier Bernard Madoff leaves U.S. District Court in Manhattan after a bail hearing in...
Disgraced financier Bernard Madoff leaves U.S. District Court in Manhattan after a bail hearing in New York, today. Prosecutors on Monday said Madoff violated bail conditions by mailing about $1 million worth of jewelry and other assets to relatives and should be jailed without bail. (Kathy Willens/AP Photo)
"The only thing that prevented the defendant from executing his plan to dissipate those assets was his arrest by the FBI," prosecutors say. "The defendant's recent distribution of jewelry and watches demonstrates a continuing intention to benefit those close to him to the detriment of his victims."
Prosecutors asked Judge Roland Ellis earlier this week to put Madoff in custody after they say Madoff violated the conditions of his bail agreement when he and his wife sent multiple packages worth more than $1 million containing such valuables as watches, jewelry and cufflinks to relatives and friends.
An earlier court order barred Madoff from "dissipating, concealing, or disposing of any money" or "personal property".
A defense motion saying that Madoff saw the expensive gifts as "sentimental personal items" shows that he "misses the point entirely" according to prosecutors.
Madoff's lawyers concede that on Christmas Eve, Madoff and his wife sent a number of packages to friends and family.
"Mr. Madoff gathered a number of watches that he collected over the course of years, knowing that, due to the sudden change in his circumstances, he would never have an occasion to wear these watches again," according to a brief filed by Madoff's attorneys, who say packages were sent to the Madoffs' sons, a daughter in-law, Madoff's brother and sister in-law, Mrs. Madoff's sister and a married couple who are close friends. more

Ala. sheriff locked up over measly jail meals

BIRMINGHAM, Ala. – A northern Alabama sheriff was in federal custody Thursday after a judge ruled he purposely fed inmates skimpy meals so he could make money from an unusual system that lets sheriffs turn a profit on their jail kitchens.
Morgan County Sheriff Greg Bartlett testified at a Wednesday court hearing that he made $212,000 over three years by cheaply feeding prisoners — every cent of it legal under a Depression-era state law and reported on his tax forms as income.
But U.S. District Judge U.W. Clemon ordered federal marshals to arrest Bartlett after hearing a string of skinny prisoners testify they were served paper-thin bologna, bloody chicken and cold grits in the north Alabama county's jail.
"He makes money by failing to spend the allocated funds for food for the inmates," Clemon ruled after a daylong hearing in a lawsuit filed by prisoners over jail conditions.
Clemon said Bartlett, who has been sheriff for six years, would remain in custody until he submitted a plan to feed prisoners meals that are "nutritionally adequate," as required by a previous agreement in the lawsuit.
Ten prisoners testified that they were so hungry after meals they are forced to spend hundreds of dollars at a for-profit store inside the jail for junk food like oatmeal pies and chips.
"We had an apple on Christmas, and I think we've had them one other time," said Clifton Goodwin, who's been in Bartlett's jail for 15 months. more news

Protests over BART shooting turn violent

A protest over the fatal shooting by a BART police officer of an unarmed black man mushroomed into several hours of violence Wednesday night as demonstrators smashed storefronts and cars, set several cars ablaze and blocked streets in downtown Oakland.
The roving mob expressed fury at police and frustration over society's racial injustice. Yet the demonstrators were often indiscriminate, frequently targeting the businesses and prized possessions of people of color.
They smashed a hair salon, a pharmacy and several restaurants. Police in riot gear tried to control the crowd, but some people retreated along 14th Street and bashed cars along the way.
The mob smashed the windows at Creative African Braids on 14th Street, and a woman walked out of the shop holding a baby in her arms.
"This is our business," shouted Leemu Topka, the black owner of the salon she started four years ago. "This is our shop. This is what you call a protest?"
Wednesday night's vandalism victims had nothing to do with the shooting death by a BART police officer of Oscar Grant on New Year's Day - but that did little to sway the mob.
"I feel like the night is going great," said Nia Sykes, 24, of San Francisco, one of the demonstrators. "I feel like Oakland should make some noise. This is how we need to fight back. It's for the murder of a black male."
Sykes, who is black, had little sympathy for the owner of Creative African Braids.
"She should be glad she just lost her business and not her life," Sykes said. She added that she did have one worry for the night: "I just hope nobody gets shot or killed."
The protest had started calmly shortly after 3 p.m. at the Fruitvale Station in Oakland, where BART police Officer Johannes Mehserle shot 22-year-old Grant of Hayward a week ago. BART shut down the station well into the evening commute, although the demonstration there was peaceful.
However, shortly after nightfall, a group of roughly 200 protesters split off and headed toward downtown Oakland, prompting the transit agency to close the Lake Merritt and 12th Street stations. The group wreaked havoc through much of downtown, drawing hundreds of police in riot gear. It wasn't until roughly 10:40 p.m that police clamped down on the mob, arresting dozens who were cornered near the Paramount Theatre, and bringing an end to the mayhem. more news

Coming soon to cellphones: Free, over-the-air TV

Millions of consumers by year's end should be able to watch free, over-the-air television on cellphones, PDAs and other portable digital devices as the result of initiatives that will be unveiled today by some of the nation's largest TV station owners and electronics manufacturers.
The changes promoting on-the-go viewing are "quite significant," says John Eck, president of the NBC TV Network and Media Works. "If we play it right, it can be a compelling service," for example, by offering local news, which normally isn't available from cellphone video services.
At least 63 stations in 22 cities — including New York, Chicago, Philadelphia, San Francisco, Boston and Washington — will transmit news, entertainment and sports to portable devices this year, according to the broadcast industry's Open Mobile Video Coalition (OMVC).
The initial group will include affiliates of ABC, CBS, Fox, NBC, CW, ION and PBS. Each city will have a different mix. Most will simulcast regularly scheduled shows.
In conjunction with the announcement, at the Consumer Electronics Show in Las Vegas, manufacturers including LG, Samsung, Zenith and Kenwood will display mobile receivers due in stores later this year. more

Obama has lunch with former presidents

WASHINGTON (AP) - President-elect Barack Obama says coming together with all the U.S. presidents is an "extraordinary gathering." Obama stood in the Oval Office on Wednesday with President George W. Bush and three former presidents: Bill Clinton, George H.W. Bush and Jimmy Carter. The president-elect said all of them understand the pressures of the job and he looks forward to sharing time with them.

Net tightens around China's richest man as wife is detained

The net is tightening around China’s richest man with the detention of his wife amid a police investigation into possible financial offences by the businessman who founded the country’s biggest appliance chain.

State media said Du Juan, 37, was now under police guard in Beijing and had been formally placed under “residential surveillance”. Ms Du had returned to Beijing from an unidentified location outside the city before Christmas. The police wanted to prevent her from leaving the country.

She has long been a close business associate of her husband, running large parts of the company that Huang Guangyu built up from a streetside stall selling watches to a nationwide conglomerate over hundreds of stores.

Mr Huang, 39, listed as China’s weathiest man on the Hurun Rich List this year with wealth estimated at £4 billion, disappeared in late November and was later revealed to be under investigation for alleged insider trading. more

Secret Millionaire* preview*

The Secret Millionaire is a reality television show which originated in the UK, in which millionaires go incognito into impoverished communities and agree to give away tens of thousand of pounds (or hundreds of thousands of dollars in the U.S. version). Members of the community are told the cameras are present due to a documentary filming. The UK version is produced by the independent production company RDF Media and was created by Stephen Lambert. It first aired in 2006 on the UK's Channel 4, with a second season playing in 2007.

Each week a millionaire leaves their luxury life behind, takes on a secret identity and lives undercover in a deprived area of the UK or U.S. for a week to ten days. Living on a limited budget with no modern conveniences they must forge their own way in the community – working and volunteering alongside the locals and finding individuals and projects who they think deserve a cut of their fortune. On their final day, the millionaires come clean and reveal their true identity to the people they have chosen, surprising them with overwhelming gifts of thousands of pounds or dollars to improve their lives.
Through this unique experience, extraordinary people and heart-wrenching situations inside deprived communities are revealed. As well as highlighting the positive financial and emotional impact of modern day philanthropy, the program also draws attention to some of Britain's and America's social problems in a touching and personal way. The series has also tackled gritty issues such as gang culture, gun crime, disability, and homelessness in some of the toughest areas. more