Nation - Tuesday (Investor's Business Daily)

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Nation - Tuesday (Investor's Business Daily)

Investor's Business Daily - Bernard Madoff, who pleaded guilty to a $65 bil investment scam this year, settled civil SEC fraud charges. The deal bars him from investment activity, but includes no fines. The scandal turned a harsh light on the SEC, which was vilified over its failure to detect Madoff's massive pyramid scheme despite red flags raised to its staff by outsiders over the course of decade. Madoff, 71, who once was chairman of the Nasdaq Stock Market, is in jail awaiting criminal sentencing on June 29.

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