First Round of Madoff Relief, FBI Sends SOS in Stanford Case, Conflict Issue for Urban Czar?
First Round of Madoff Relief » As 12 victims prepare to receive the first payouts from the trustee in the criminal case against Bernard Madoff, the disgraced financier is expected to appear in court today to clear his lawyer of potential conflicts of interest. Meanwhile, his wife, Ruth, is hiring a seperate lawyer to defend her in civil cases brought before New York's Supreme Court. — CNBC, AP, Reuters
FBI Issues SOS in Stanford Case » The FBI is calling for potential victims in the fraud case against Texas billionaire R. Allen Stanford to step forward with information. Meanwhile, the U.S. court-appointed receiver in control of Stanford Financial Group has posted an FAQ for investors seeking to tranfer unfrozen assets to new accounts. — Forbes, Houston Chronicle
Conflict Issues for Urban Czar? » President Obama's new urban czar, Adolfo Carrión, reportedly renovated his Bronx home with help from the architect on a major development that needed his approval. — New York Daily News
Dodd Real Estate Deal Criticized » A D.C. condo deal between Sen. Christopher J. Dodd (D-Conn.) and a Wall Street executive whom Dodd later recommended for a presidential pardon has Connecticut's Republican Party chairman comparing the embattled senator to former Gov. John G. Rowland. Meanwhile, Republicans in Washington are stepping up their attacks of Democrats on ethics issues. — Hartford Courant, Politico
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