Madoff gets $14k rebate; RBS cuts overdraft penalties - papers

The jailed fraudster was sent the money after overpaying the property taxes on his waterfront mansion in Palm Beach, Florida, which his wife still owns despite other assets being seized by investigators who unravelled his $65bn investment scam. According to the Guardian, the rebate cheque was issued last month and made payable to Ruth and Bernard Madoff. Ruth Madoff sent the cheque back to the tax office asking that it be reissued with her husband's name removed. Ruth Madoff successfully challenged the property's 2008 valuation of $9.4m, resulting in a revaluation to $8.5m and a 9% di...