The Securities and Exchange Commission and Bernard Madoff have reached an agreement that could eventually force the disgraced investor to pay a civil fine and return money raised from investors.
The agreement states that the allegations of fraud cannot be contested by Madoff and that possible penalties will be decided "at a later time."
The SEC says that it has submitted the agreement to a Manhattan federal judge, who has to sign off on it.
(Source: WCBSTV)
http://www.theyeshivaworld.com/article.php?p=30142
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