Madoff son was under scrutiny until day he died NEW YORK- Bernard Madoff's last surviving son was under investigation for possible involvement in his father's multibillion-dollar Ponzi scheme until the day he died from cancer earlier this month, but scrutiny over his $16 million estate lives on. Both officials told the AP it was likely Andrew Madoff would have faced tax evasion charges if he had not died.
Source: The Associated Press
| By: LARRY NEUMEISTER, Associated Press
Judge refuses to cut New York fund manager's 40-year Ponzi sentence NEW YORK, Sept 22- A federal judge rejected Westgate Capital Management LLC founder James Nicholson's request to shorten his 40- year prison term for running a $140 million Ponzi scheme at his hedge fund firm, likening it to the much larger fraud run by Bernard Madoff.
| By: Jonathan Stempel
UPDATE 1-U.S. SEC won't appeal ruling against Stanford's Ponzi victims NEW YORK/ WASHINGTON, Sept 5- The U.S. Securities and Exchange Commission will not appeal a recent court decision that thousands of victims of financier Allen Stanford's Ponzi scheme were ineligible under federal law to file claims to recoup their losses, an SEC spokesman said on Friday.
| By: Jonathan Stempel and Sarah N. Lynch
Commitments on 3 fronts test Obama's foreign policy President Obama has committed the United States to three major projections: a "pivot" to Asia, a muscular presence in Europe and a new battle against Islamic extremists.
Source: The New York Times
| By: David E. Sanger