WASHINGTON AP - The Securities and Exchange Commission on Monday announced an agreement with disgraced money manager Bernard Madoff that could eventually force him to pay a civil fine and return money raised from investors.The partial judgment, which renders permanent a preliminary injunction that froze Madoff's assets after his arrest in December, must be approved by the judge overseeing the case in federal court in Manhattan.
February 09, 2009 at 12:00 AM
1 minute read
WASHINGTON AP – The Securities and Exchange Commission on Monday announced an agreement with disgraced money manager Bernard Madoff that could eventually force him to pay a civil fine and return money raised from investors.
The partial judgment, which renders permanent a preliminary injunction that froze Madoff’s assets after his arrest in December, must be approved by the judge overseeing the case in federal court in Manhattan.
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