Madoff Avoids The Big House; But Not House, Senate Scrutiny

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A second judge ruled yesterday that self-confessed Ponzi schemer Bernard Madoff can remain on bail under house arrest, and continue to avoid the Big House. As the SEC, FBI and DOJ investigations of Madoff continue – and the SEC Inspector General’s investigation of its past handling of the case continue – the Congressional committees responsible for oversight of the SEC have taken an interest in the Madoff affair and its broader implications for the regulatory framework, in terms of rulemaking as well as the structure and role of regulatory agencies. Read more here.

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