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Old 06-16-2009, 02:50 PM  
EscortBiz
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Join Date: May 2002
Location: New York City
Posts: 19,422
SEC Reaches Agreement with madoff?

I mean these guys must be smokin some good shit

So hes already in prison and will never see the light of day, in addition noone would ever give him a penny even if he would come out.

Yet they make it a point to say they just reached an agreement with him

http://finance.yahoo.com/news/SEC-ac...&asset=&ccode=

WASHINGTON (AP) -- Federal regulators have reached a settlement with disgraced money manager Bernard Madoff that prohibits him from working in the securities industry.

The Securities and Exchange Commission says it accepted Madoff's settlement offer to be barred from association with any brokerage or investment firm. The deal doesn't include any monetary penalties.

Madoff has been jailed since March when he entered a guilty plea to defrauding thousands of investors who lost billions of dollars. He faces up to 150 years in prison, and is scheduled to be sentenced on June 29 in U.S. District Court in Manhattan.
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