Head of Drug Cartel On Forbes Billionaire List

Joaqin Guzman is the head of the Sinaloa cartel, (named after the Mexican state in which it is based) and is worth an estimated $1 billion. He escaped from a Mexican jail in a laundry truck back in 2001. It is reported that he charmed and bribed the entire prison staff. He is still a wanted man however the Mexican Army can not touch him. During his wedding in 2007 to his 18 yr old bride he had the wedding heavily guarded to the point that the army decided not to attempt to seize him. It has been estimated that last year Mexican and Colombian traffickers made between $18billion to $39billion. Colombia's Pablo Escobar was ranked the 7th richest man in the world, with $25billion to his name in 1989.

Kimora gets $40,000 for child support

Well Kimora has finally gotten what she asked for in her divorce settlement with hip-hop mogul Russell Simmons. Kimora will receive sole custody of the girls, $20,000 for each child, and a new car every two years (no less than $60k). Kimora and Russell filled for divorce in June of 2008. Kimora runs Baby Phat Fashions while Russell runs Phat Fashions.

Trump Entertainment Resorts De-Listed from NASDAQ

Trump Entertainment resorts was de-listed from the NASDAQ after filing Chapter 11 bankruptcy. The company does not expect to file an appeal of the decision. The company Common Stock trading will be suspended at the opening of business on February 26th. The common stock may become eligible trading over the OTC Bulletin Board if a market maker makes application to quote the common stock in accordance with Securities and Exchange Commission Rule 15c2-11, and the application is cleared.

Ruth Madoff: What Did Bernie's Wife Know?

On Dec. 10, according to a court filing by the Madoffs’ lawyer, Mr. Madoff admitted to his wife and their two sons that his multibillion-dollar hedge fund was an elaborate Ponzi scheme. If that is true, Ruth Madoff learned of her husband’s crimes as suddenly as the rest of the world. One day, she was married to a stock-market genius, the next she was married to one of history’s great con men.

That, anyway, is the official Madoff version of events. At this point, as a mess that Mr. Madoff himself is said to have estimated at $50 billion lands in litigation, the main characters aren’t talking. In the absence of direct answers, all that’s left is the sort of psychological puzzle that belongs in Act II of a David Mamet drama, right before we find out who are the players and who are the played.

Was Mrs. Madoff really blindsided? In the social circles where the couple once traveled, both possibilities are unnerving — that Ruth Madoff was in on this, or that she wasn’t. If she isn’t a confederate, after all, then she arguably should be counted among Bernard Madoff’s victims. Either way, wittingly or not, she was an essential asset to her husband, humanizing him and drawing people into his orbit.

“All I will say on the subject is that it’s hard to imagine that she could live with the guy for 50 years and have no inkling,” says Donald Rosenzweig, a childhood friend of Ruth’s and an investor in Madoff Investment Securities. “Could she attract people to him? Yes. Was she out there shilling for him? I doubt it. But maybe.”

Federal prosecutors have not charged Mrs. Madoff with any crimes, and though she is currently living with her husband, who is under house arrest in their Upper East Side penthouse, she can come and go as she pleases. She has surrendered her passport and agreed to a deal with the United States attorney’s office that freezes her assets and grants her an undisclosed monthly allowance for living expenses, the cost of security for the couple and legal fees. The conditions of bail for Mr. Madoff include a $10 million bond secured by homes in Mrs. Madoff’s name. (huffingtonpost)

Ruth Madoff: What Did Bernie's Wife Know?

Will Smith is Hollywoods most Bankable Star!

Who has been named most bankable star in Hollywood you might ask? Well, its none other than actor Will Smith. Will scored a perfect 10 among 150 actors, producers, and directors that were surveyed by Forbes.com as to who were the most desirable to cast when starting a project. Others who made the list include: Johnny Depp, Leonardo DiCaprio and Hollywood couple Angelina Jolie and Brad Pitt, who were all tied with a score of 9.89. Tom Hanks had a score of 9.87 while Denzel Washington had a score of 9.76.