Federal prosecutors charged Raffaello Follieri, an Italian entrepreneur and former business partner of California billionaire Ron Burkle, with funding a lavish lifestyle by using money from a real-estate venture that was supposed to capitalize on his ...

Dutch artist Rembrandt was a master at painting but bad with money. He lived a lavish lifestyle that was beyond his means. The 17th-century painter used his works to secure sorely needed loans. The practice is enjoying a renaissance. The popping real ...

News.com.au - He used the money to prop up his failing business and to fund a lavish lifestyle including the purchase of luxury homes and cars. Over a four-year period from about 1998 to 2002, he engaged in an exercise of "robbing Peter to pay Paul", according to ...