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US Government Wants Madoff for $50bn snowball scam in Jail Now

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by SOLARLIFE | January 5, 2009 at 03:49 pm

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Federal prosecutors NewYork want Madoff in jail

Federal prosecutors in Manhattan today asked a court to place alleged $50 billion Ponzi scheme operator Bernard Madoff in jail while they continue developing their case against him. Meanwhile, in Washington a Congressional panel was asking what the SEC could have done to prevent the scandal.

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