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$4.3B Now Recovered For Madoff Ponzi Scheme Victims, DOJ Says $4.3B Now Recovered For Madoff Ponzi Scheme Victims, DOJ Says
$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…

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by Joe Lombardi
Politics
Trump AG Pick Matt Gaetz Withdraws From Consideration Amid Sexual Misconduct Allegations Trump AG Pick Matt Gaetz Withdraws From Consideration Amid Sexual Misconduct Allegations
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Misconduct Allegations Facing stiff opposition in the US Senate, embattled former Florida Congressman Matt Gaetz has withdrawn his name from consideration to be President-elect Donald Trump's attorney general.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…

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by Joe Lombardi
News
DOJ Sues Cargo Ship Owner Over Francis Scott Key Bridge Collapse In Maryland DOJ Sues Cargo Ship Owner Over Francis Scott Key Bridge Collapse In Maryland
DOJ Sues Cargo Ship Owner Over Francis Scott Key Bridge Collapse In Maryland The Department of Justice is seeking $100 million from the Singapore-based company that owned and operated the cargo ship that destroyed the Francis Scott Key Bridge earlier this year. In March, the DALI left the Port of Baltimore bound for Sri Lanka, and when passing through the Fort McHenry Channel, the vessel lost power, regained the power, then lost it again before striking the bridge, which collapsed. Francis Scott Key Bridge collapse Baltimore Police Department The bridge collapsed into the water below, killing six people, and the remnants of the fatal crash obstructed the cha…

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by Zak Failla