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Stanford's Tearful Interview; Report: Detainee Treatment 'Inhuman'; Merkin Faces Charges in Madoff Scam

POSTED: 09:48 AM ET, 04/ 7/2009 by Amanda Zamora

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I would die and go to hell if it's a Ponzi scheme. It's no Ponzi scheme...if it was a Ponzi scheme, why are they finding billions and billions of dollars all over the place?"
— Texas financier Allen Stanford, denying allegations of fraud in tearful interview with ABC News

Report: Detainee Treatment 'Inhuman' » Medical officers who oversaw interrogations of terrorism suspects in CIA secret prisons committed gross violations of medical ethics and in some cases essentially participated in torture, the International Committee of the Red Cross concluded in a confidential report that labeled the CIA program "inhuman." — Washington Post

Merkin Faces Charges in Madoff Scam » J. Ezra Merkin, a prominent hedge fund manager whose clients lost more than $2 billion to Ponzi scheme mastermind Bernard Madoff, was hit with civil fraud charges Monday by New York Attorney General Andrew Cuomo. — USA Today

Is White House Sidestepping Pay Limits? » The chairman of the House Oversight and Government Reform Committee wants to know whether the Obama administration is circumventing a law that limits lavish pay for executives at firms benefiting from the $700 billion federal bailout. — Washington Post

DC Probe into Gifts, Fraud Halted » Two D.C. Council probes into allegations of wrongdoing at city agencies were blocked yesterday when Attorney General Peter Nickles advised officials not to testify. Nickles's directive effectively halted the council's inquiries into the controversial donation of a firetruck and ambulance to a town in the Dominican Republic and into alleged fraud in the Office of the Chief Technology Officer. — Washington Post

After the jump...

BEST OF THE REST
» Government opts for secrecy in wiretap suit (SFGate)
» Military used pigs in blasts to test armor (USAT)
» Science Agency Faulted Over Handling of Porn Cases (NYT)
» Foreclosure Scams Are Target of Crackdown (WaPo)
» Corporate travel is in retreat, thanks to AIG (LAT)
» Conn. AG questions bailout funds for credit rating firms (USAT)
» IRS Probes Nonprofit Pay Practices (WSJ - $)
» SEC's New Enforcer Tasked With Restoring Image (WaPo)

By Amanda Zamora |  April 7, 2009; 9:48 AM ET The Daily Read
Previous: Summers Earned $5.2M From Hedge Fund; Madoff Complaint Implicates Aide; Pfizer Settles Drug-Trial Case | Next: Online Poker Settlement Could Shake Industry

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