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Former SEC counsel to give back share of Madoff profits

Former Securities and Exchange Commission general counsel David M. Becker, who indirectly benefited from Bernard Madoff’s epic Ponzi scheme, has agreed to give back his share of the proceeds, a lawyer for Becker said Monday. Becker and his two brothers, whose mother left behind an investment account with Madoff when she died in 2004, have agreed to pay $556,017 to settle a lawsuit by the trustee overseeing the Madoff bankruptcy. More in the Washington Post here.

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