(CNN) — A missing Florida fund manager — whose $300 million in investment funds are actually worth less than $1 million, according to a federal lawsuit — has turned himself in to face fraud charges, the FBI said Tuesday. Arthur Nadel, 76, of Sarasota, “recently transferred at least $1.25 million from two of the funds [...]

continue reading.....

  Update: 6/05/09 Melody Morales, who suing the Hawaiian Tropic Zone for not hiring her, is being accused by the lawyer representing the Time Square restaurant of being a prostitute. Attorney James Rosenzweigh told a court today that the Latina beauty appeared on “very filthy” and “unacceptable” websites that peddled X-rated services. When asked, “you’re [...]

continue reading.....

Olivia Newton-John’s onetime boyfriend, who disappeared in 2005 and was presumed to have drowned at sea, may be alive after having faked his own vanishing act, according to a private investigator hired by Dateline NBC. Former cameraman Patrick McDermott apparently slipped out of sight to escape debts and let his son cash in a $100,000 [...]

continue reading.....

NEW YORK (CNNMoney.com) — The Board of Directors of the Federal Reserve Bank of New York appointed William C. Dudley as its new president, according to a statement from the district central bank released Tuesday. Dudley was selected to succeed Tim Geithner, the former head of the New York Fed, the day after Geithner became [...]

continue reading.....

BY MEREDITH KOLODNER DAILY NEWS STAFF WRITER Cornell University hemorrhaged more than a quarter of its endowment in the past six months – roughly $1.45 billion – and will slash budgets and hike tuition to shore up. The steps are “necessary to confront a persistent negative financial outlook sweeping the entire higher education sector,” University [...]

continue reading.....