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The psychology of falling for a Ponzi scheme
5:15 pm
Wed July 9, 2014

How to fall for a Ponzi in three steps

The Panoramic View Resort in Montauk, NY. Scammers told victims they were investing in a safe mutual fund but instead used the money in the troubled resort.
Credit Photo courtesy of Ed Kim

Six years after Bernard Madoff became a household name people still fall for Ponzi schemes. That's probably because schemers have a tried and true method backed up by psychology. 

Last year there was a big $96 million Ponzi scheme on Long Island. It had all the trapping of a Hollywood con: offshore shell companies, luxury cars, and there was even a famous beachfront resort near the Hamptons.

But for the victim there was nothing glamorous about it

"I thought it was some run of the mill fund," Jan says in a sweet Texan twang that makes friends of almost any ears.

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Aquisition will preserve Catholic hospital
6:45 pm
Tue July 8, 2014

St. Mary's Hospital in Waterbury agrees to be acquired by Texas-based Tenet Healthcare Corporation

One of the two hospitals in Waterbury, Connecticut, announced on Tuesday that it has agreed to be acquired by Texas-based Tenet Healthcare Corporation. Officials say St. Mary’s Hospital's Catholic heritage and religious directives will be honored under the terms of the agreement.

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2 killed in Bridgeport over the weekend
6:35 pm
Tue July 8, 2014

Bridgeport mayor asks for community cooperation, following weekend violence

Bridgeport Mayor Bill Finch was joined by law enforcement, state government and community representatives on Tuesday
Credit Craig LeMoult

The mayor of Bridgeport, Connecticut is asking his community to work together to prevent violence, following two killings and a number of other shootings over the weekend. A 23-year old man was shot and killed on a city street early Sunday. On the same night, a 24-year old woman was killed in a domestic violence incident. Violent crimes and robberies in Bridgeport are reportedly down so far this year, after a double digit reduction last year. But as the summer weather heats up, there’s generally a spike in violent crime.

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State police remind of danger
11:29 am
Tue July 8, 2014

15 month old Ridgefield child dies in hot car

Authorities in Ridgefield, Connecticut are investigating the death of a 15 month old child who was left unattended in a hot car on Monday. Connecticut State Police Spokesman Lieutenant J. Paul Vance says leaving a child alone in a car could be considered a felony.

"It seems like it is an issue that's risen to the surface," says Vance.  "It seems like parents should not be reminded about this but we're doing that we're reminding them."

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Ex-Im Bank charter set to expire in September
6:11 pm
Mon July 7, 2014

Reps Larson and Courtney push for Congressional vote on renewal of Export-Import Bank charter

Two members of Congress from Connecticut are pushing back against tea party Republicans who want to see the demise of a federal agency that provides help for US exporters. U.S. Representatives Joe Courtney and John Larson, both Democrats, held an event in Hartford on Monday to call on the GOP-led House of Representatives to vote to renew the charter of the Export-Import bank.

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