SEC future 'in doubt' as Madoff faces jewelry probe - papers

The threat to the survival of the SEC came as it emerged that Bernard Madoff has violated the terms of his bail conditions by posting jewellery worth $1 million (£680,000) to family members and friends while under 24-hour house arrest. The measure constitutes a breach because it is perceived as a possible attempt to hide his remaining assets from liquidators. THE INVESTOR WHO HELPED John Paulson to make $15 billion from predicting the US sub-prime mortgage crisis has left Paulson & Co, the hedge fund manager, to set up his own fund, reports The Times. Paolo Pellegrini was the right-ha...