Ponzi

Madoff, SEC Reach Deal

The first official judgment on Bernard Madoff seems rather light: According to WCBS, Madoff and the SEC have reached an agreement under which Madoff's assets will be permanently frozen and he may eventually have to pay a civil fine and return money to investors. No need to worry, however, that Madoff is getting off the hook: This civil settlement is being handled separately from the criminal complaint, which will proceed as planned.