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Madoff and SEC agree on a partial judgment

Madoff will not have to admit or deny and allegations against him, but will have to eventually return investor' money and pay a fine in an agreed upon partial judgment.

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By Allan Chernoff and Amy Sahba

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NEW YORK (CNN) -- The Securities and Exchange Commission and disgraced investor Bernard Madoff made permanent Monday a partial judgment, one that could eventually force Madoff to pay a civil fine and return investors' money.

Under the terms of the deal, Madoff will keep a previously reached agreement to freeze his assets and not to violate any other securities laws.

The agreement does not require Madoff to admit or deny any allegations against him. It also leaves the issues of any fines and repayments to be imposed against Madoff for a later time.

Separately, Madoff faces one count of securities fraud brought by the Justice Department for which could face 20 years in prison.

The U.S. attorney for the Southern District of New York has until Feb. 11 to formally indict Madoff, though that deadline could be pushed back, as it was last month. To top of page

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