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Madoff Roundup, Richardson Fallout, Burris Takes to the Hill

POSTED: 09:48 AM ET, 01/ 6/2009 by Amanda Zamora

Good morning, and welcome Tuesday's Daily Read. President-elect Barack Obama's proposed economic stimulus package and his surprise pick for CIA chief are leading this morning's headlines, but we're kicking things off with a roundup on the head-turning Bernard Madoff. See something we missed? Post your suggested must-read items in the comments below.

The Madoff Case » As the Securities and Exchange Commission broadens its probe into the agency's failure to detect the alleged fraud committed by Madoff, federal prosecutors are asking a judge to revoke Madoff's bail, citing at least a million dollars in gifts sent to friends and family last month despite a freeze imposed on his assets. Meanwhile, new victims in the Ponzi scheme scandal have emerged. — Washington Post, AP, New York Times, Wall Street Journal

Richardson Fallout » New Mexico Gov. Bill Richardson blamed the length of a grand jury investigation for his abrupt withdrawal from consideration for commerce secretary, as sources within Obama's transition team and the Justice Department said Richardson had played down the importance of the investigation. Meanwhile, CDR, the financial advisory firm at the center of the Richardson pay-to-play probe, has had a record of run-ins with federal and state agencies. — Politico, Washington Post, L.A. Times

Burris Takes to the Hill » Despite controversy over his appointment by embattled Illinois Gov. Rod Blagojevich, Roland Burris plans to appear before the U.S. Senate today to assume Obama's seat. "There's nothing wrong with Roland Burris and there's nothing wrong with the appointment," Burris said. — AP

Ex-Detainee Describes Ordeal » When Muhammad Saad Iqbal arrived home in Pakistan after more than six years in American custody, he had difficulty walking, his left ear was severely infected, and he was dependent on a cocktail of antibiotics and antidepressants. — New York Times

Islamic Charities Lawsuit Advances » A federal judge ruled Monday that "sufficient facts" exist to keep alive a lawsuit brought by two U.S.-based lawyers for a Islamic charity who say they were eavesdropped on without warrants. — Wired

After the jump...

BEST OF THE REST

» Franken Win Certified, but Senate Will Delay Seating (WaPo)
» Bid protests reach 10-year high (NextGov)
» Aide: FCC to come under closer scrutiny (GovExec)
» JetBlue, TSA Workers Settle in T-Shirt Case (WaPo)
» ACORN voter registration recruiter indicted (St. Louis Post-Dispatch)
» India Seeks Extraditions in Mumbai Siege (NYT)
» China targets Google in pornography crackdown (AP)

By Amanda Zamora |  January 6, 2009; 9:48 AM ET The Daily Read
Previous: Madoff Gets Break As Lawmakers Hammer SEC | Next: The Long Recount is Over

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