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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Government
9:08 am
Mon July 7, 2014

DeLauro, Slaughter sponsporing bill to strengthen USDA's ability to issue recalls

Democratic Congresswomen Rosa DeLauro of Connecticut and Louise Slaughter of New York are sponsoring legislation in the Republican-controlled House that would remove any doubt that the U.S. Department of Agriculture can issue recalls for unsafe meat, poultry, or egg products. Under current law, the USDA can only issue a recall if a product is considered to be "adulterated".

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Culture
8:04 am
Mon July 7, 2014

Burning of Fairfield

A re-enactor during the Fairfield Museum's Opening Celebration, September, 2007
Credit Fairfield Museum and History Center

On July 7th of 1779, British troops stormed the town of Fairfield, Connecticut. They burned houses, barns and shops to the ground. It was a grim moment in the middle of the American Revolutionary War. Davis Dunavin takes us to the living history of the revolution during a walking tour presented by the Fairfield Museum and History Center on Sunday.

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David Bouchier 7/7/14
7:52 am
Mon July 7, 2014

The Outdoor Life

It’s summer time and, at least according to George Gershwin, the living will be easy. Newspapers and magazines are full of advice about how we are expected to dress and behave for the next eight weeks. It’s not actually going to be easy. How can we possibly live up to the demands of summer? One particular advertisement I saw in a color magazine said it all.

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Norwalk
6:00 am
Fri July 4, 2014

Norwalk, NAACP spar over racial discrimination allegations on Board of Ed

Norwalk’s legal department and the city’s NAACP are sparring over allegations that several board of education members are being discriminated against because of their race. Shirley Mosby says she and others have been excluded and mistreated and the NAACP is asking to meet with the board's chair. The city attorney, who is acting on behalf of the board, says he wants to see evidence first. 

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Federal Highway trust fund could soon be insolvent
6:13 pm
Thu July 3, 2014

US Transportation Secretary warns states about federal highway fund running out of money

Credit AP Photo/Skip Peterson

US Transportation Secretary Anthony Foxx is warning states of the danger of letting a federal fund for road and bridge repairs run out of money.  Unless Congress acts, the Highway Trust Fund, used to reimburse states for highway and transit projects, is set to become insolvent later this summer. Foxx met with Governor Dannel Malloy and members of Connecticut’s Congressional delegation in Hartford today on Thursday. 

   

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