What do you do after working for Bank of America, betting against the lives of AIDS patients, becoming the financial adviser and official court jester to the King of Tonga, getting sued for embezzling and accused of massive passport fraud? You turn to creating smooth jazz, of course. The life of Jesse Bogdonoff. Previously.
The complicated and contradictory life of Cecilia Chang, former dean at St. John's University. [NYT] Having enjoyed a meteoric rise at St. John's as a fundraiser in the 1980's and 90's, and having served there as an administrator for over thirty years, in 2010 Chang was accused of embezzling $1 million from the school to pay for "lingerie, trips to casinos and her son’s tuition bills." [NYT] Shortly thereafter, it was revealed that she was using foreign scholarship students as her servants, making them clean and cook at her home for up to 20 hours a week. [NYT] And during her trial, it came to light that Chang's first husband, Ruey Fung Tsai - with whom she argued over millions and divorced bitterly - was executed in broad daylight back in 1990. As he lay dying in the hospital with three bullets in his back, he wrote on a piece of paper, "My wife did this" and handed it to the police. She was never charged. [more inside]
Franco Fiorito, also known as Batman, is the (ex) leader and treasurer of Berlusconi's party - Il Popolo della Libertà(PdL) in the Lazio regional council. He is being accused of channeling 800k of the party's funds into 12 of his bank accounts and making extravagant expenditures for his own benefit. Reports say that in court he is more annoyed than afraid: "Yes, I went to two beautiful resorts of the Costa Smeralda with PdL money. The regional election campaign left me exhausted and depressed. I needed a big vacation". Fiorito is now lashing out at other PdL councillors: "There are eight thieves. I didn't steal, I distributed the money." [more inside]
"We make no distinction between a small violation of the Constitution and a large one. Both are equally invalid. Indeed, in the system of government envisioned by the Founding Fathers, we abhor the small violation precisely because it is precedent for the larger one." (PDF) By a 5-2 count, the Florida Supreme Court ruled Thursday that public monies may not be used to fund private schools, thus closing off avenues for embezzlement and violations of the Establishment Clause that otherwise prevents a US state from endorsing, or establishing specific religious organizations.
This week's most buried headline could be a real stinker this week for the Pentagon. Apparently over $1 trillion are missing as well as "dozens of tanks, missiles and planes."
Why isn't Jesse Jackson being prosecuted for embezzlement? Jackson's Citizenship Education Fund gave $35,000 to the mother of Jackson's illegitimate daughter for "relocation expenses". Is this routinely done for all ex-employees of the foundation?