Anger After Madoff Plea, FBI Raids D.C. Tech Office, Obama's 'Mr. No'
As I engaged in my fraud, I knew what I was doing was wrong, indeed criminal. When I began the Ponzi scheme, I believed it would end shortly and I would be able to extricate myself and my clients from the scheme. However, this proved difficult, and ultimately impossible, and as the years went by, I realized that my arrest and this day would inevitably come."
— Bernard L. Madoff, pleading guilty to 11 felony charges (full transcript)
D.C. Technology Office Raided » A D.C. government official and a business executive were arrested yesterday on bribery charges after FBI agents raided the city's Office of the Chief Technology Officer. Until recently, the technology office was headed by Obama appointee Vivek Kundra, who has since taken a leave of absence, according to a White House official. — Washington Post, AP
White House Ethics? 'Mr. No' Knows » In an administration filled with nervous new employees who are still learning the rules, Norm Eisen plays a key role ensuring that the Obama administration lives up to its own standards and adheres to its own rules. — Washington Post
Waters, Tied to Bank, Helped Seek Funds » Top federal regulators say they were taken aback when they learned that Rep. Maxine Waters (D-Calif.), who helped arrange a meeting with bank executives and regulators last year, had family financial ties to a bank whose chief executive used the opportunity to ask for up to $50 million in special bailout funds. — New York Times
Scandal Erupts Over 'Fight Club' for Disabled » Texas authorities on Thursday began arresting six state workers accused of forcing mentally disabled Corpus Christi State School residents into "fight club"-style brawls, as advocates came to the Capitol to protest the state's handling of the scandal. — Dallas Morning News
Medicare Fraud Detailed » Fraud and abuse helped boost Medicare spending on home health services 44 percent over five years as some providers exaggerated patients' medical conditions and others billed for unnecessary services or care they did not provide, the Government Accountability Office reports. — USA Today
After the jump...
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