Madoff faces jail as investors pick over the scraps

Fri Jan 9, 2009

It was a busy week in the Bernard Madoff Ponzi scheme saga, as prosecutors pushed to revoke Madoff’s bail and jail the disgraced investor after discovering that he had mailed more than $1 million in valuables to family and friends in violation of a court order.

On Monday, Congress engaged in more than four hours of hand wringing at a meeting of the House Financial Services Committee, which heard from, among others, a Madoff victim...

ISSN: 2151-1845 / CDC10004H

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