Mukasey Steps Off Madoff Case

Attorney General Michael Mukasey is recusing himself from the Bernard Madoff investigation because his son is representing an employee involved with the fraud case, Bloomberg reports. Mukasey also graduated from an Orthodox Jewish school where Madoff’s wife has taught and which placed $6 million in the fraudulent scheme. A spokesman said today Mukasey himself “has no financial investments involved in the case.”

Meanwhile, Madoff was placed today under house arrest in his New York home, with his wife, Ruth, agreeing to surrender several homes if he flees; both were forced to give up their passports. The judge also set a curfew for the 70-year-old accused fraudster, and ruled that he must wear an ankle bracelet so he can be tracked, the Post adds. (More financial crisis stories.)