Results tagged “hearing”

With Ponzi scheme "investor" Bernard Madoff reportedly set to plead guilty to cheating his client out of billions, a former federal prosecutor tells the Post, "This guy is going to die in jail...He's got nothing to negotiate with. There is absolutely no deal that can be cut unless he can give up Hillary Clinton or someone like that." (The Post envisions that Bernie's cellmate will be named Bubba.) Newsday reports that "Manhattan federal judge Denny Chin said he is allowing the government to notify by Internet Web site postings the thousands of Madoff investors burned in the scandal that they have the right to appear in court on March 12." Madoff investors who wish to speak must email the U.S. Attorney's office (at usanys.madoff@usdoj.gov ) by Wednesday 10 a.m. We hope if victims are allowed to speak that Elie Wiesel is one of them. Last week the Holocaust survivor and Nobel Prize winner Wiesel, whose charity lost eveything, said, "It's the inhumanity in this man who simply believed he can go around depriving people of their livelihoods. What he has done to certain people, it breaks my heart."

After a public hearing which was full of passion and anger, the MTA's board approved its 2009 budget, which includes service cuts and a 23% increase in revenue from fare and tolls hikes. The MTA is facing a $1.2 billion budget deficit next year, and it's expected a monthly unlimited Metrocard could cost more than $100 while bus lines and subway stops are limited.

Actor, director, producer, critically reviled restaurateur, and hotelier Robert De Niro made a cameo appearance before the Landmarks Preservation Commission yesterday to defend the penthouse built atop his new Greenwich Hotel in Tribeca.