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Monday, February 28, 2005File:Oscar icon by reiartur.png

The 77th Annual Academy Awards were held on February 27th, 2005 and broadcast live across the world. Some of the more poignant moments included a tribute to Johnny Carson, frequent host of the Awards, as well as a video tribute to many people involved in the movie industry who died in the past year, including Rodney Dangerfield, Ossie Davis, Christopher Reeve, Marlon Brando, and Ronald Reagan, set to the music of Yo Yo Ma.

Thursday, December 9, 2004

COLUMBUS, OHIO — Nathan Gale, 25, jumped onstage during a concert with the band Damageplan and started shooting a handgun at band members, and then into the crowd. He killed four people, including former Pantera guitarist Dimebag Darrell, real name Darrell Abbott, who seems to have been the main target. Two others were wounded. The gunman was killed by a police officer responding to the call.

Damageplan was started by the brothers Vinnie Paul and Dimebag Darrell when their former band Pantera split up.

Abbot’s death is noted worldwide by guitarists, musicians, and lovers of metal.

Monday, August 22, 2005

Robert A. Moog, inventor, founder of Moog Music, and musical revolutionary, died Sunday at the age of 71 in his Ashville, North Carolina home.

Moog was diagnosed with brain cancer in April and underwent treatment for it.

Thoug Bob Moog is best knwon for his bringing of synthesizers into popular music and his appreciation for “the magical connection” between musicians and their instruments, Moog had a childhood interest with the theremin, an early electronic musical instrument. He developed his first synthesizer (the Moog Modular Synthesizer) in 1963, while still a Ph.D student at Cornell University. He was recognized with the Grammy Trustees Award for lifetime achievement in 1970.

Moog is survived by his wife and five children who have announced the formation of The Bob Moog Memorial Fund for the advancement of electronic music.

Friday, December 12, 2008

Top broker and Wall Street adviser Bernard L. Madoff, aged 70, was arrested and charged by the FBI on Thursday with a single count of securities fraud, also known as stock fraud and investment fraud. He allegedly told senior employees of his firm on Wednesday that his $50 billion business “is all just one big lie” and that it was “basically, a giant Ponzi scheme (since at least 2005).” Mr. Madoff faces up to 20 years imprisonment and a fine of up to $5 million. FBI agent Theodore Cacioppi said Mr. Madoff’s investment advisory business had “deceived investors by operating a securities business in which he traded and lost investor money, and then paid certain investors purported returns on investment with the principal received from other, different investors, which resulted in investors’ losses of approximately $50 billion dollars.”

The former chairman of the Nasdaq Stock Market is also the founder and primary owner of Bernard L. Madoff Investment Securities LLC, the closely-held market-making firm he launched in 1960. The firm is one of the top market maker firms on Wall Street. He founded his family firm with an initial investment of $5,000, after attending Hofstra University Law School. He saved the money earned from a job lifeguarding at Rockaway Beach in Queens and a part time job installing underground sprinkler systems.

A force in Wall Street trading for nearly 50 years, he has been active in the National Association of Securities Dealers (NASD), a self-regulatory organization for the U.S. securities industry. His firm was one of the five most active firms in the development of the NASDAQ, having been known for “paying for order flow,” in other word paying a broker to execute a customer’s order through Madoff. He argued that the payment to the broker did not alter the price that the customer received. He ran the investment advisory as a secretive business, however.

Dan Horwitz, counsel of Mr. Madoff, in an interview, said that “he is a longstanding leader in the financial-services industry with an unblemished record; he is a person of integrity; he intends to fight to get through this unfortunate event.” Mr. Madoff was released on his own recognizance on the same day of his arrest, after his 2 sons turned him in, and posting $10 million bail secured by his Manhattan apartment. Without entering any plea, the Court set the preliminary hearing for January 12.

Madoff’s hedge fund scheme may rank among the biggest fraud in history. When former energy trading giant Enron filed for bankruptcy in 2001, one of the largest at the time, it had $63.4 billion in assets. The scheme would dwarf past Ponzis, and it would further be nearly five times the telecommunication company WorldCom fraud and bankruptcy proceedings in 2002.

The Securities and Exchange Commission filed a separate civil suit on Thursday against Bernard L. Madoff Investment Securities and its eponymous founder Mr. Madoff. It was docketed as “U.S. v. Madoff,” 08-MAG-02735, by the U.S. District Court for the Southern District of New York (Manhattan). SEC, New York associate director of enforcement, Andrew M. Calamari, asked the judge to issue seizure orders on the firm and its assets, and appoint a receiver. The SEC pleads, among others, that “it was an ongoing $50 billion swindle; our complaint alleges a stunning fraud that appears to be of epic proportions.” It further accused the defendant of “paying returns to certain investors out of the principal received from other, different investors” for years. Madoff’s hedge fund business had previously claimed to have served between 11 and 25 clients and had $17.1 billion in assets under management. But virtually all of the assets were missing.

United States District Court for the Southern District of New York Louis L. Stanton on Thursday appointed Lee Richards, a Manhattan lawyer, as the firm’s receiver. A hearing is set for Friday, for a ruling on the SEC’s petition to grant plenary powers to the receiver over the entire firm, and an absolute asset sequestration.

Doug Kass, president of hedge fund Seabreeze Partners Management said that “this is a major blow to confidence that is already shattered — anyone on the fence will probably try to take their money out.”

Friday, February 3, 2006

Computer security experts warn that a malicious computer worm, dubbed “Kama Sutra,” is set to wreak havoc this Friday, February 3rd on Microsoft Windows computers worldwide. Kama Sutra is designed to destroy files that end in .doc, .zip and .pdf.

The Kama Sutra worm has been spreading through cyberspace since January 16, packaged in emails with subject headings such as: “give me a kiss” and “crazy illegal sex.”

When users click an email attachment, their PCs become infected with destructive, self-replicating software. The worm affects Microsoft Windows operating systems and is programmed to go to work on the third of every month, overwriting or corrupting Microsoft files and others such as Portable Document Format (PDF) files.

“This one can damage your office files, your Microsoft Excel spreadsheets and your PowerPoint presentations,” Tino Klironomos, a computer retailer, said. “(The files will be) all gone, history.”

Computer security company LURHQ reports that there may be hundreds of thousands of machines already infected with the worm, which also goes by the monikers “BlackWorm,” “CME-24,” “Blackmal,” “Mywife.E” and “Nyxem.”

To prevent the worm, Windows users should arm themselves with anti-virus software. People can also protect their PC with up-to-date anti-virus gear and firewall protection. Free anti-virus tools are available from many anti-virus organisations. These tools can detect and remove the Kama Sutra worm from an infected machine.

Experts say: “Make sure your virus definitions are up to date. Besides being careful about opening email messages and attachments, users should back up their most valuable computer files on an external device such as a CD, zip drive or DVD.”

Steve Bass at PC World says: “Stop worrying. If you update your virus program signatures regularly, and do a weekly AV scan, I don’t think you have much to worry about…”

Other advice is not to open any messages with the subject headers “crazy, illegal sex”, “give me a kiss” and “hot movie.”

The worm will not affect machines running on non-Windows operating systems such as Mac OS X or GNU/Linux.

Many security systems reported a very small amount of vandalism, even though the threats were very high.