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Wednesday, jan 1
Tag:
Justice Department
News
$4.3B Now Recovered For Madoff Ponzi Scheme Victims, DOJ Says
More than $4.3 billion has now been recovered for victims of Bernie Madoff’s massive and infamous Ponzi scheme, the Justice Department announced, as part of a decade-long effort that has compensated over 40,000 people worldwide for nearly 94 percent of their losses. The DOJ says its 10th and final distribution from the Madoff Victim Fund (MVF), provided more than $131 million to over 23,000 victims. The latest distribution marks the culmination of a decade-long effort to recover and return forfeited funds tied to Madoff's fraudulent investment empire. Most victims, primarily small inv…
Politics
Trump AG Pick Matt Gaetz Withdraws From Consideration Amid Sexual Misconduct Allegations
Facing stiff opposition in the US Senate, embattled former Florida Congressman Matt Gaetz has withdrawn his name from consideration to be President-elect Donald Trump's attorney general. The 42-year-old Gaetz had been the subject of an investigation by the Justice Department involving allegations of sex trafficking and sex with a minor. "I had excellent meetings with Senators yesterday," Gaetz posted on social media early Thursday afternoon, Nov. 21. "I appreciate their thoughtful feedback - and the incredible support of so many. "While the momentum was strong, it is clear that…