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Inside Long Island business

Get the latest news and trends on Long Island companies and the people behind them.

Investors fight Madoff payouts in Congress

Scott Garrett

Some victims of Bernard Madoff’s investment scam have been critical of how trustee Irving Picard has tried to recover and dole out money, and now comes a potential roadblock to his actions – a congressional bill.

Rep. Scott Garrett (R-N.J.) on Thursday introduced the Equitable Treatment of Investors Act, aimed at protecting “ordinary investors” from clawback suits by...

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