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Guilty Madoff settles civil fraud charges with SEC (access required)

By: Pat Murphy
Published: June 17, 2009

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Bernard Madoff, who ran the biggest investment fraud in history, was allowed to settle civil fraud charges with the U.S. Securities and Exchange Commission without having to admit any wrongdoing. Tuesday's announcement left some legal experts dumbfounded over why the SEC -- which has been roundly criticized for failing to detect the Madoff fraud -- would settle the case without demanding the jailed swindler accept responsibility. Click here for the full article from Reuters.
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