“Bernard Madoff and the Securities and Exchange Commission have agreed to a partial settlement of civil suit accusing Madoff of defrauding investors.

According to an SEC press release, Madoff consented to a partial judgment without admitting or denying the civil charges against him. Although the amount in civil penalties that Madoff would have to pay has not yet been determined, the judgment states that the allegations against him have been established and cannot be contested at a later point….”

– report by Laurie Bennett, Feb. 9, 2009

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