Bernie Madoff Said To Have Got Prison Beating

The Wall Street Journal reports that, according to three people in the know (including a couple of former inmates), Bernie Madoff was assaulted by a fellow lag last December, and suffered a broken nose and fractured ribs.

The US Bureau of Prisons has consistently denied that Bernie was subject to a violent attack 3 months ago, and originally said that he had been hospitalized due to dizziness and hypertension.

It now seems that although Bernie told the authorities that he wasn't attacked, he may have been set upon by a fellow inmate, an ex-bodybuilder who has a black belt in judo.

In the meantime, The Australian reports that  former ASB Bank investment banker Stephen Versalko, known as New Zealand's Madoff, has been jailed for 6 years after being found guilty of stealing some $14m from clients. Versalko, 51, is said to have spent millions on 2 prostitutes who blackmailed him.

Finally, The Daily Telegraph reports that UK Prime Minister Gordon Brown managed to get controversial EU legislation curbing the power of hedge funds dropped from the agenda of the ECOFIN gathering of finance ministers earlier this week. Concerns have been expressed that the new rules are protectionist and contravene G20 agreements.

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