trillion

Bernie Madoff, Sharp-Dressed Man

As we've mentioned before, the ritzy town of Palm Beach, Florida is reeling from the fallout regarding Bernard Madoff's $50 billion Ponzi scheme. Nowhere is hardest hit perhaps than Worth Avenue, Palm Beach's shopping area which is lined with ultra-pricey boutiques. The Dior boutique recently closed but another boutique dearer to Madoff's heart is Trillion. Robert Frank of the Wall Street Journal reports that Madoff enjoyed his pricey duds and shopped at Trillion on Worth Avenue. Madoff last shopped at the store two weeks before his arrest and bought some clothes to be picked up at a later date. He never returned to the store to pick up the goods because of his arrest and so the items, which were reported to be in the thousands of dollars range, were shipped to him. It bears noting that at Trillion, which specializes in Kiton cashmere suits, you could spend that on just a couple of items.

Madoff, remains free on a $10 million bond after a judge ruled that he can continue to live under house arrest in his Manhattan home despite recently sending jewelry off to relatives in violation of an assets freeze. Judge Ellis has asked Madoff to compile an inventory of all items in his home and barred his from any more property transfers. We assume that means no fancy Kiton castoffs so Bernie Madoff may just be the world's best dressed shut-in.

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Tags: bernard madoff, BernardMadoff, bernie madoff, BernieMadoff, madoff, palm beach, PalmBeach, trillion

$218 Trillion Phone Bill

by Nicole Weston (RSS feed) —

Do you think that your phone company might be overcharging you? Think again. A man in Malaysia received a phone bill for $218 trillion. To add insult to injury, the bill included a notice stating that he would have to "pay up within 10 days or face prosecution." The company, Telekom Malaysia Berhad, is reportedly looking into the case, but has not yet determined whether the bill was a mistake on their part or whether the phone line was used illegally.

I don't know how much your phone company charges, but I think that several entire countries would all have to be using the line illegally to get the bill up to $218 trillion in a month.

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Tags: bill, malaysia, overcharge, phone, phone bill, phone company, telephone, trillion