A federal prosecutor argued that cufflinks, watches, and other personal property purportedly worth $1 million had been shipped by Madoff and his wife to relatives and friends during the holiday season, and that this constituted a violation of the terms of bail.
So they’re just now figuring MadeoffWithTheMoney might be a nasty weasel, after all?
Congress demands SEC speed up internal Madoff inquiry. Right, the agency that consistently failed to stop Madoff should now investigate itself as to the reasons for that epic failure? Bzzzt. No. How about an outside inquiry headed by people with actual competence instead.