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blogs.wsj.com - 12/17/2008
Attorney General Removes Himself From Madoff Case
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Evan Perez reports on the Justice Department. Attorney General Michael Mukasey has recused himself from the probe of financier Bernard L. Madoff , who federal investigators say ran a $50 billion Ponzi scheme, the Justice Department said. Mukaseyl’s son, Marc Mukasey , is a partner at the Bracewell & Giuliani law firm in New York and is representing Frank DiPascali , a senior official at Bernard L. Madoff Investment Securities LLC, the firm implicated in the alleged fraud.  ...
legalinsurrection.blogspot.com - 12/15/2008
Illinois Attorney General Gets a Grade of "C-"
— legalinsurrection.blogspot.com — The Brief and supporting motion papers filed by the Illinois Attorney General with the Illinois Supreme Court... in support of the request to remove Gov. Rod Blagojevich, now are available online . I have no idea what the Illinois Supreme Court will do ... (more) Illinois Attorney General Gets a Grade of "C-"

Comments vote down Instapundit found this 12/15/2008found this
Attorney general takes himself out of Madoff probe (AP)
news.yahoo.com - 12/18/2008
Attorney general takes himself out of Madoff probe (AP)
— news.yahoo.com — AP - The fraud investigation of Wall Street money manager Bernard L. Madoff took unusual twists Wednesday... as the U.S. attorney general removed himself and the Securities and Exchange Commission looked into the relationship between Madoff's niece ... (more) Attorney general takes himself out of Madoff probe (AP)

Comments vote down Blue Crab Boulevard found this 12/18/2008found this
thecaucus.blogs.nytimes.com - 12/18/2008
Mukasey Recuses Himself From Madoff Investigation
— thecaucus.blogs.nytimes.com — The attorney general's son, Mark Mukasey, is a defense lawyer representing a figure in the probe, the... Justice Department said Wednesday. (more) Mukasey Recuses Himself From Madoff Investigation

Comments vote down TalkLeft found this 12/18/2008found this

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The Page by Mark Halperin:  Mukasey Recuses Himself from Ponzi Probe

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Mukasey Recuses Himself from Ponzi Probe
The Page by Mark Halperin — ... The Atty. General says he won't oversee the Madoff investigation because his son is representing a senior official at the convicted financier's Investment Securities firm.       ...

Related: ponzi scheme madoff fraud, frank dipascali, madoff son
PONZI SCHEME: Madoff Charged With Securities Fraud
huffingtonpost.com 12/11/2008 — Bernard L. Madoff, the founder of Bernard L. Madoff Investment Securities and a fixture of the Wall Street trading world for decades, was arrested Thursday morning by Federal Bureau of Investigation agents and charged with criminal securities fraud by federal prosecutors in Manhattan. The ...
Fallen Wall St. heavy a big Dem donor
swamppolitics.com 12/14/2008 — by Frank James Bernard Madoff, the Wall Street bigwig arrested Thursday on an alleged massive securities fraud prosecutors call a "Ponzi scheme" was a major Democratic donor. For instance, in the most recent election cycle, according to  ...
Madoff and His Ponzi Scheme
outsidethebeltway.com 12/16/2008 — I guess it isn’t surprising that the greedy and gullible still fall for this scheme, but this one is rather amazing in its sheer size. Investors around the world are counting the spiralling cost of the biggest fraud in history, a $50bn scam ...
Mukasey Recuses Himself In Madoff Probe — The Huffington Post | Full News Feed
WASHINGTON — Attorney General Michael Mukasey has recused himself from the Justice Department's investigation into Bernard L. Madoff, accused of running one of the largest Ponzi schemes ever. Mukasey's son, Marc Mukasey, is representing Frank DiPascali, a Madoff firm official, in the ...
Mukasey Recuses Himself In Madoff Probe — Politics on HuffingtonPost.com
WASHINGTON — Attorney General Michael Mukasey has recused himself from the Justice Department's investigation into Bernard L. Madoff, accused of running one of the largest Ponzi schemes ever. Mukasey's son, Marc Mukasey, is representing Frank DiPascali, a Madoff firm official, in the ...
SEC Dropped The Ball On Madoff — TalkLeft
Does it really take an investigation to answer the big question here? The Securities and Exchange Commission said Tuesday night that it had missed repeated opportunities to discover what may be the largest financial fraud in history, a Ponzi scheme whose losses could run as high as $50 ...
AG Mukasey Recused in Madoff Investigation — Political Radar
ABC News' Jason Ryan Reports: Attorney General Michael Mukasey has recused himself from the Justice Department investigation into Bernard Madoff and Madoff Investment Securities, according to Justice Department officials in Washington. Mukasey's son Marc Mukasey, who works for Bracewell &...
(AG) Mukasey recuses himself from $50 billion (Madoff) fraud probe — Democratic Underground Latest Breaking News
Source: [b]USA Today[/b] The Justice Department announced this morning that Attorney General Michael Mukasey will recuse himself from the investigation into allegations that investor Bernard Madoff committed a $50 billion fraud. Bloomberg News reports that Marc Mukasey, the A.G.'s son, is ...
Modern-Day Pyramids — Pundits Blog
I don't really understand why we're paying so much attention to Bernard Madoff. Oh sure, sure, if the charges are accurate, the collapse of his Ponzi scheme might just put him in the Fraud Hall of Fame. But he'll have plenty of company. In the world of finance, however, it's probably more ...
Bob Franken: Modern-Day Pyramids — Politics on HuffingtonPost.com
I don't really understand why we're paying so much attention to Bernard Madoff. Oh sure sure, if the charges are accurate, the collapse of his Ponzi scheme might just put him in the Fraud Hall of Fame. But he'll have plenty of company. In the world of finance, however, it's probably more ...
Thousands Of Investors Face Serious Losses Following Madoff Fraud — The Huffington Post | Full News Feed
Investors scrambled to assess potential losses from an alleged $50 billion fraud by Bernard Madoff, a day after the arrest of the prominent Wall Street trader. Prosecutors and regulators accused the 70-year-old former chairman of the Nasdaq Stock Market of masterminding a Ponzi scheme of ...
A $50 Billion Ponzi Scheme — PoliBlog: A Rough Draft of my Thoughts
Via Reuters: Bernard Madoff arrested over alleged $50 billion fraud Bernard Madoff, a quiet force on Wall Street for decades, was arrested and charged on Thursday with allegedly running a $50 billion “Ponzi scheme” in what may rank among the biggest fraud cases ever. The former ...
Top Broker Busted for $50B ‘Ponzi Scheme’ — Truthdig: Drilling Beneath the Headlines
Here’s yet another candidate for the expanding collection of Tales from the Dark Side of Wall Street (is there any other side?): The Wall Street Journal reported Friday that Bernard L. Madoff, a top trader for nearly five decades who has served as chairman of the Nasdaq Stock Market, ...
Broker Arrested in $50 Billion 'Ponzi Scheme' — Drudge Retort
Bernard Madoff, founder and president of a New York firm that invested funds for wealthy individuals, hedge funds and other institutions, was charged with securities fraud. Madoff, who told employees his $50 billion firm was a "giant Ponzi scheme," may have committed the largest fraud in history.
Proper News —
Can you spell Ponzi ? P O N Z I . Bernard Madoff, founder and president of a New York firm that invested funds for wealthy individuals, hedge funds and other institutions, was charged with operating what he told employees was a long-running $50 billion Ponzi scheme in what may be one of ...
"A stunning fraud that appears to be of epic proportions" — The Anonymous Liberal
(updated) This is pretty nuts: The Securities and Exchange Commission today charged Bernard L. Madoff and his investment firm, Bernard L. Madoff Investment Securities LLC, with securities fraud for a multi-billion dollar Ponzi scheme that he perpetrated on advisory clients of his firm. The SEC ...
Congress poised to probe Madoff's alleged fraud (AP) — Yahoo! News: Politics News
AP - A key lawmaker says Congress will investigate the alleged $50 billion Ponzi scheme run by Wall Street money manager Bernard Madoff.
SEC chairman says agency failed to probe Madoff (AP) — Yahoo! News: Politics News
AP - Securities and Exchange Commission chairman Christopher Cox said Tuesday his agency repeatedly failed for at least a decade to pursue allegations of wrongdoing by Wall Street figure Bernard L. Madoff, the alleged perpetrator of a $50 billion ...
Madoff Case Raises New Questions About SEC — WSJ.com: Washington Wire
Kara Scannell reports on the Securities and Exchange Commission . The Ponzi scheme allegedly carried out by New York investor Bernard Madoff – by his own estimate amounting to some $50 billion — has raised a new round of questions ...