Madoff taped telling colleagues how to deal with regulators

http://www.cnn.com/2009/CRIME/09/10/madoff.tape/index.html?iref=mpstoryview

Nothing like the truth straight from the horses mouth.


So began a phone call in which convicted swindler Bernard Madoff told colleagues how to dance around questions from the Securities and Exchange Commission, according to an audiotape and transcript released Wednesday by the Massachusetts secretary of state's office.

"You know, you don't have to be too brilliant with these guys, because you don't have to be," Madoff said, referring to SEC investigators

SEC allows Madoff to settle civil charges

http://www.ft.com/cms/s/0/930b13ae-5ac9-11de-8c14-00144feabdc0.html

We're living in the Twilight Zone. Were right is wrong and wrong is fine.

The US Securities and Exchange Commission on Tuesday agreed to allow Bernard Madoff to settle civil fraud charges without admitting to any wrong-doing.

Mr Madoff, who in March pleaded guilty to 11 charges related to his $64bn Ponzi scheme, is scheduled to be sentenced to a long prison term this month. Victims have been lobbying the judge to impose the maximum sentence possible