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    Madoff accomplice Daniel Bonventre jailed for 10 years

    Image caption Bonventre and four others Madoff associates were found guilty of fraud in March. A ex- associate of Bernie Madoff has been sentenced to 10 years in jail for aiding the disgraced Wall Street financier in his $65bn (£42bn) fraud scheme. Daniel Bonventre, 67, was also ordered to forfeit $155bn (£99bn). More in The Telegraph Leader here.

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    The federal ‘rescue’ is failing Bernie Madoff’s victims

    Seven years ago today, Bernie Madoff was arrested for orchestrating the most devastating Ponzi scheme in US history. Unfortunately, many of Madoff’s victims still haven’t seen the restitution they were guaranteed under federal law. More in the New York Post here.

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    EX-MIT Dean and Son to Serve Prison Time for Hedge Fund Scam

    A former Massachusetts Institute of Technology associate dean and his son have been sentenced to 3¾ years in prison for a hedge fund scam that cost investors more than $140 million. More on ABC News here.

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    Madoff Investors to Get Over $1 Billion in Added Recoveries

    Two judges on Wednesday approved a $1 billion-plus payout to victims of Bernard Madoff’s massive Ponzi scheme, including those who invested with New York money manager J. Ezra Merkin. More in the Wall Street Journal here.

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    ALERT: H.R. 1982 – New Co-sponsorettlement of H.R. 1982

    H.R. 1982: Restoring Main Street Investor Protection and Confidence Act – Congressman Steven Palazzo [R-MS4] has signed on to co-sponsor H.R. 1982. The bill now has 50 cosponsors (40 Republicans, 10 Democrats).

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