SEC Sanctions Ex-Madoff Employee Who Fudged Records

Law360, New York (September 5, 2013, 5:50 PM EDT) -- A former employee at Bernard Madoff's firm who admitted to falsifying personnel records has been barred by the U.S. Securities and Exchange Commission from associating with securities industry professionals, according to a Wednesday order.

The SEC filed an administrative order imposing remedial sanctions against Craig Kugel, who pleaded guilty in June 2013 to federal conspiracy and income tax-related charges stemming from his handling of employee records of individuals on the BLMIS payroll who did not actually work for the firm. According to the SEC, Kugel has...
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