...Summary of Tim Durham’s Ponzi scheme The alleged fraud is over $200 million. Durham’s main holdings were his leveraged buyout firm Obsidian Enterprises, Inc. and Fair Financial Services, both headquartered in Indianapolis, IN. When Durham acquired Fair in a 2002 leveraged buyout, it was a factoring company that purchased accounts receivable from businesses at a discount, profiting when the accounts were paid in full. It financed its operations by selling “investment certificates” to individual investors. According to the indictment, Durham and his cohorts immediately changed Fair’s business. Rather than using the $200 million they raised from investors to purchase receivables, they instead loaned the funds to themselves and their various business entities. When the loans went unpaid, Fair turned into a Ponzi scheme—taking money from new investors to pay certificates that came due. Now that the merry-go-round has stopped, it is estimated that over 5,400 parties—many of them small mom-and-pop investors—have lost over $200 million. The legal battles began with claims from disgruntled investors. In November 2009, the FBI raided the Obsidian offices in Indianapolis and seized its records. On February 8, 2010, the unpaid investors forced Fair into an involuntary bankruptcy proceeding. Shortly after his appointment, the bankruptcy trustee filed suit seeking to recover the money that had been improperly diverted from Fair. The lawsuit language promised to prove a “fraud of...
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...reading presentation project in PHA 109 and I liked his book because it motivated people to not giving up on their dreams. The speaker of this event was Will Allen. He was happy to be in SDSU and had an opportunity to meet with wonderful students. He mentioned that this generation is the one who would change the food systems and created a better living system in America. Will gave speeches across the United States and throughout the world. He created Growing Power Inc. in 1995 and he is also the CEO of this company. Besides farming, Will also had passion for basketball. He became an outstanding basket player when he was in high school and he continued to play basketball until he was 28. In 2008, he received the “Genius Grant” from The John D and Katherine T. McArthur foundation for his work in urban farming. Upon his retirement from basketball, Will moved to his wife’s home town, Milwaukee. He wanted to create local food systems and provided good, fresh, healthy, and affordable food to the communities. Food that they consumed in Milwaukee mostly came from thousands of mile away. He purchased 40 acres of land and built greenhouses and hoop houses. In his greenhouses, Will created aquaponic systems; it is a combination growing system between aquaculture, such as fish and hydroponic (plants) in a symbiotic atmosphere. Will Allen uses organic compost from discarded vegetables and fruit. He refused to use chemical fertilizer. Many youth in the community worked in his greenhouses. He taught...
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...expansion or market penetration. The business manager for a time may share duties with the owner, as the owner gains trust in the business manager. Ideally, the business manager and the owner work synergistically to ensure that the business of running a successful business is attended to. This can often be a process of the owner relinquishing the functions for which there is a comparative disadvantage for his or her continued involvement. In the context of the music industry, a business manager is a representative of musicians and/or recording artists, whose main job is to supervise their business affairs, and the proper handling of their financial matters. The role as it is understood today was largely originated (and the term coined) by Allen Klein, who represented numerous performers through the years, helping them to both invest their incomes wisely and to recover unpaid (or underpaid) royalties and fees. Business managers commonly have an overlapping presence in both the entertainment and sports industries, as illustrated by business manager Barry Klarberg, who represents entertainers...
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...Allie Baber 10/23/12 Beat Literature practice college paper Through out the beat literature you can find recurring themes like religion that make the different stories/poems very similar. The beat generation rejects the American culture that covers up the disasters that are happening. They turned to Buddhism for peace. A big group of people called “the beats” went off the mainstream path and started doing things that were not typical to do during that time period. Some things that were not mainstream was the beats started to practice Buddhism and the way they write their stories and poem for example the style and run on sentences. The members of the Beat Generation rejected mainstream Western traditions because they felt those traditions were covering up what was wrong in 1950s America. Through out the different beat literatures there are many references where the beats reject Western traditions and went off the mainstream path. In the Note on Religious Tendencies by Gary Snyder that the Beat Generation do “experimentation with narcotics […] and intelligent use of drugs.” (Religious Tendencies) This demonstrates the Beats would rather not follow the mainstream path and would rather do different things like try different kinds of drugs and experiment with them. The Beats wanted to push themselves away from being with the mainstream people. They want to do different things even if they were not acceptable. Trying the different drugs showed that the Beats were doing something...
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...Ginsberg: America The poem America by Allen Ginsberg is a harsh critique on the American culture. This poem made me feel like he is giving a lecture to the country of their actions, almost like they are a child being punished. A line that really jumped out at me was when he said, “Go f*** yourself with your atom bomb”. He is clearly talking about Russia and the communists. He is arguing that what we did to them was wrong and who are we to do these things to them. He then proceeds to attack the materialistic America. “America I’ve given you all and now I’m nothing” Letting us know that he has given his all to this country but what has the country given back to him? He then attacks Time magazine by saying “ Are you going to let your emotional life be run by Time Magazine?” He says that this magazine is telling everyone they are important but him. Unless you have a nice job you are nothing to the American culture. Ginsberg throughout the poem attacks the American culture in many ways. He is clearly not happy with the way things are going in this country. This poem is definitely shocking for me; I can’t even imagine the reviews it may have gotten when it was first published. I think that Ginsberg wanted to get his point across to the American people but I do not know if this was the most efficient way. I am sure there are many deeper meanings but this poem was kind of hard for me to understand other than the fact that he is really ticked off at the American...
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...Harsh conditions, death, poverty, the overall unsentimental nature of life, and definition of an identity are all are subjects explored by writers Lucille Clifton and John Crowe Ransom in their writings. Although the two poets came from very different lives, the unique search for identity and meaning in life unites the two writer's poems in their expression of life. John Crowe Ransom a very distinguished gentleman born as the third child to a Methodist minister was raised in a very literate family. At age fifteen Ransom enrolled in Tennessee's esteemed Vanderbilt University where he later became a founding member of the group of writers known as the fugitives. Favoring poetic modernism in the early 1900's, The fugitives focus was on philosophy, american pragmatisim and the loss of a "southern identity and culture" due to the industrialization of the time period. After graduating from Vanderbilt in 1909 Ransom went on to become an English teacher, Rhodes Scholar and later the headof the english department at Vnderbilt. Allthe while Ransom gained notoriety with scholars for his candid and unique way of examining emotional situations with little eotional pull or bias. With rootsin psychology, Ransom's poetry examines the ironic and unsentimental nature of life. Much like Ransom, poet Lucille Clifton often explored the rigityof the world, however Clifton's insight and ability to write about such rigity come from her impoverished and unprivilaged upbringing. Born in 1936 to father...
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...English assignment – Living Apart Together Explain what ”Living Apart Together” is, and give an outline of the different views presented in texts 2 and 3 “Living Apart Together” is also known as the acronym L.A.T. Living apart is popular for younger couples because they are not sure about what they want to do, but it has been more popular for older people to live the L.A.T. way. The living apart together familiy is when a couple doesn’t live in the same house but still are a couple. The couple from the second text is a good example on a living apart together family. Woody Allen and Mia Farrow have only devoted a part of their lives to each other. They want to be a couple but still have the freedom, so they can do what they want and have some spare time for themselves. I think it’s a bit strange that couples can be together for such a long time but they never decide to move together. But still I could imagine that it would be great to come home to a place you know its only yours and there is no other who can decide how you going to decorate your place. Its like Ms. Davis said in the text two “I like my quit times”, she likes to come home to her own place and don’t have to think about anything. They have talked about moving together but they don’t have the same views, of how they think that their future house should be like. That is a exciting fact, that even doe they fit together personally. They cant live under the same roof because they have a different style and see the...
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...Literary Appreciation Submitted By: Franchesca Shaira J. Apalisok 3rd year Knowledge Submitted to: Ms. Dulce Caisip Table of Contents I. Caedmon by: Venerable Bede I.I Story Map II. Lord Randal III. Bony Barbara Allan Caedmon [pic] Image copy of Cædmon's Hymn in the "Moore" manuscript (737), Cambridge, Kk.5.16, f. 128v, written in Northumbrian. This is the earliest known version of this work. Cædmon ( /ˈkædmən/ or /ˈkædmɒn/) is the earliest English poet whose name is known. An Anglo-Saxon herdsman attached to the double monastery of Streonæshalch (Whitby Abbey) during the abbacy ((657–80) of St. Hilda (614–680), he was originally ignorant of "the art of song" but learned to compose one night in the course of a dream, according to the 8th-century monk Bede. He later became a zealous monk and an accomplished and inspirational religious poet. Cædmon is one of twelve Anglo-Saxon poets identified in medieval sources, and one of only three for whom both roughly contemporary biographical information and examples of literary output have survived. His story is related in the Historia ecclesiastica gentis Anglorum ("Ecclesiastical History of the English People") by Bede who wrote, "there was in the Monastery of this Abbess a certain brother particularly remarkable for the Grace of God, who was wont to make religious verses...
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...After careful consideration, I elected to write my final paper on the works of author, Walt Whitman. The reason I selected this author is because I have travelled to the Atlantic coast and driven over the Walt Whitman Bridge numerous times, never knowing who he was, or what he did. When I saw his name in the textbook, I was intrigued. I decided I wanted to educate myself and analyze his work. The first poem I studied by him was “Beat! Beat! Drums!”. In this poem he speaks of bugles and drums, and the sounds that originate from them. In the first paragraph, he states “Through the windows-through doors-burst like a ruthless force, Into the solemn church, and scatter the congregation, Into the school where the scholar is studying;” I interpreted this to mean the sound of the bugles and drums carry through windows and doors and interrupt those that are around them. They hear the sounds being made, and cannot shut them out. He continues by saying “Make no parley-stop for no expostulation” (Whitman, para 3). To me, this means that that he wants the sounds to keep coming, regardless of any complaints from elsewhere. I am thinking that this has something to do with the military, and the bugles and drums that are being played are a way to express to everyone that it is happening and unavoidable regardless of pleas from mothers and children. The second poem I read by Walt Whitman was “I Hear America Singing” (Whitman, 644). This poem talks of different labored...
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...6/12/13 Handara Daniswara COM111 Eulogy For Chivalry Most studies found that the number one fear for Americans is the fear of public speaking, followed by death. That means as of right now I am better off if were inside that casket than standing here delivering this eulogy to you. We are here to commemorate the dead of Chivalry. I still remember the first time I saw him, in a Disney cartoon where he fought through a dragon just to save a girl, that cartoon was the Sleeping Beauty. Since then I saw more of him, opening doors for people, giving up seats for people, volunteer to carrying things for people, pulls out chair for people, paying the bill in his first date, the second date, and reluctantly in the third date but he still pays the bill. He is basically courageous and courteous. We are all mournful by his death, except women who killed Chivalry. If he were still alive today, the world would be a better place. Women, elderly, and kids do not have to stand in public transport; Chivalry would give up his seat. Women would have free dinner; Chivalry would pay the bill. And there would not be any need for automatic doors; Chivalry would open it up for you. Chivalry however did not die in vain. He has set us an example throughout his life, a code of conduct, that we men should follow suit. And if we do, we might bring Chivalry back from the...
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...“Song of Myself” by Walt Whitman immediately reminded me of texts and poems written by modernist authors, poems designed to reject traditional methods of writing and creating a new, cutting-edge style of writing based on emotions and simplicity. While this poem in particular isn’t exactly simple, it is powerful because it creates sharp images and evokes certain emotions for the reader about numerous topics, including religion, nature, and aging; a lot of the images are based on Whitman’s experiences and memories. Whitman’s style of writing includes heavy usage of anaphora (repetition of words at the beginning of lines or clauses), which also contributes to the creation of sharp images to be able to manifest his emotions in the poem; for example, That I could forget the mockers and insults! That I could forget the trickling tears, and the blows of the bludgeons and hammers! That I could look with a separate look on my own crucifixion and bloody crowning. (Line 961) Whitman’s poem is also reminiscent of imagist poetry. Imagism was a precursor to modernism and endorses the creation of sharp images in poetry, almost creating a still-life full of detail using words. One verse that struck me as such was I visit the orchards of spheres, and look at the product: And look at quintillions ripen’d, and look at quintillions green. (Line 797) This particular sentence elicited a clear and beautiful picture in my mind of a small path lined with orchards and countless amounts...
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...CDs rates and Banks Eboni Franklin September 4, 2009 Professor Chowdhury Business 100 CDs are time deposits – you agree to place your funds on deposit with the bank for a stated period of time. During the term of the CD your funds earn interest at a stated interest rate or based upon an agreed method of calculating the rate, such as the percentage increase in the stock market. Over the years, one major event that happened to the Stanford Financial Group was the allegation of CD mismanagement. Allen Stanford, Stanford Financials CEO, was accused of influencing proposed revisions in an Antiguan bank to benefit his own firm (Newsweek, 2009 Article 2). The comment s were made by some of the employees nut there was no comment to be made from either side. Over the past 12 months the stock market and hedge funds have lost huge amounts of value. Rate of interest charged for the use of money, usually expressed at an annual rate. The rate is derived by dividing the amount of interest by the amount of principal borrowed. In some banks the minimum to open at CD is 50,000 dollars. The current rate is roughly 4.5% for a one year CD. The U.S. banks are about 2% on a one year CD. Even offshore bank accounts get checked out. They are checked out by another small bank in Antigua. These are how banks and CD’s work. In some banks the minimum to open at CD is 50,000 dollars. The current rate is roughly 4.5% for a one year CD. The U.S. banks are about 2% on a one...
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...Cooper Creek’s newest dad One minute, Keeton West is a confirmed bachelor and bull rider who lives out of a suitcase. The next, he’s the single dad of a baby he didn’t know existed. Now back in his hometown, everyone remembers the tragedy that changed his—and Sophie Cooper’s—lives forever. He desperately needs Sophie’s help with little Lucy. But spending time with Keeton seems to remind Sophie of all she lost. She won’t get close to another bull rider. Yet one sweet baby girl has her own way of bringing two hearts together. “What am I going to do with her, Sophie?” Keeton asked. “I’d say the same thing parents have done with babies for hundreds of years. Take her home and raise her.” “I’m a bull rider. I’m on the road almost fifty percent of the time. I’m living in a house that isn’t even livable.” Bull rider. That reminder had Sophie stepping back in her car, away from him, away from the tug on her heart and back into her shell. “Yes, well, I’d say you’d better get it livable.” “You could help me.” “I did. I changed the nastiest diaper in the history of diapers.” She glanced at her watch. “I’m late.” “We have to talk about the land.” “Later.” “Dinner?” He leaned in, holding tight to Lucy. “Nope. I don’t date bull riders.” She started her car and reached to close the door. He stood there, not moving. “I’m not asking you out.” Ouch. That hurt a little, for some crazy reason. “Good, I’m not accepting.” “Fine, I’ll see you later,” he said with...
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...In Walt Whitman’s poem “I Hear America Singing”, he said, “I hear America singing, the varied carols I hear”(Whitman 12). The rest of this poem shows how everyone in America is different, but still the same by saying, “The shoemaker singing as he sits on his bench, the hatter singing as he stands, The woodcutter’s song, the plowboys on his way in the morning, or at noon intermission or at sundown. The delicious singing of the mother, or of the young wife at work, or of the girl sewing or washing, Each singing what belongs to him or her and to none else”(Whitman 12). From this we see that we are all different but at the same time we are the same. In other words, we are all “singing” and this especially shows in times of disaster and grief. One example of Americans coming together as a community to help each other is the Oklahoma City Bombing. The Oklahoma City bombing was a domestic terrorist bomb attack on the Alfred P. Murrah Federal Building in downtown Oklahoma City on April 19, 1995. This incident injured more than 680 people and killed 168 others and 19 of the people dead where children from the ages 4 to 6. This was a terrible incident that affected many lives. It hurt many people, physically and emotionally. This was a disaster on a very large scale and when people realized that they needed help, they gathered together to offer it. The Salvation Army, served over 100,000 meals and gave over 100,000 ponchos, gloves, hard hats, and knee pads to rescue workers. Locals and...
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...It appears Walt Whitman has declared a day to rejoice in himself and wants the readers to experience his jubilance. This brings to mind how followers rejoice in the Lord to free their souls. Whitman states, every atom belonging to him belongs to the readers, just like the blood and body of Christ belong to his followers. Whitman shares his experience as he takes advantage of what nature offers. He marvels at the green slates of grass as though he’s never seen them before. He breathes in the air that has an aroma which intrigues his senses. He even infers that he can taste the perfume in his mouth which signifies that he’s in the moment of appreciation. Whitman’s celebration can be compared to a congregation worshipping the Lord. As worshippers echo the Lord’s name, they experience similar elation. Both Whitman and the worshippers are fulfilled by basic essentials and celebrate what matters most to them. In Whitman’s celebration, he is the most important and for worshippers, the Lord is most important. • Section 3: It sounds like people are inferring that God is coming. “I am the ‘Alpha and the Omega,’ says the Lord God, ‘who is, and who was, and who is to come, the Almighty’” However, Whitman doesn’t buy into the gossip and doesn’t believe in the past. He lives in the moment and looks forward to what is to come. He feels that whatever heaven and hell were, look different today and so does everything else that shape the world. Whitman appears to have a pragmatic view on life...
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