Daily Archives: July 25, 2014, 10:21 am

Madoff Five Face Sentencing as U.S. Calls Denials Galling – Businessweek

The three men and two women, who worked for Madoff for decades, deserve “significantly harsher” terms than the eight to 20 years recommended by the U.S. Probation Office, the government said in court filings this month. The defendants seek leniency, arguing jurors were misled by overzealous prosecutors. via Madoff Five Face Sentencing as U.S. Calls Denials Galling – Businessweek

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As bribery case continues, CalPERS reaps profits from tainted investments — Sac Bee

It’s been one of the darkest chapters in CalPERS history, a bribery scandal that prompted a guilty plea from its former chief executive earlier this month. It’s also been rather profitable. America’s largest public pension fund has racked up sizable gains from investments brokered by Alfred Villalobos, the Nevada businessman accused of bribing top CalPERS officials…. via As bribery case continues,…

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