From the Daily News:
A Queens congressman - already under fire for accepting a sweetheart loan - also sponsored a bill that would have helped a close friend who lost $700,000 to Bernie Madoff, a Daily News investigation found.
Rep. Gary Ackerman's bill would have let Madoff victims write off taxes they paid on earnings from the Ponzi schemer dating to 1994.
Among the victims was Seymour Zises, a longtime Ackerman friend who lost more than $700,000 to Madoff, according to a lawyer for Zises' company, Family Management Corp.
Zises' company, FMC, handles Ackerman's personal investments, and Seymour's brother, Selig, arranged a loan for Ackerman, The News revealed Monday.
In public records, three additional FMC employees are Madoff victims and could benefit from the Ackerman bill.
Ackerman said he wasn't aware Seymour Zises lost money to Madoff and emphasized that he wrote the bill, HR 1389, last year to benefit all Madoff victims. HR 1389 remains in the House Ways and Means Committee.