As megabanks continue to fight implementation of the Dodd-Frank financial reforms, the Madoff case is yet another argument for bringing back Glass-Steagall protections passed during the 1930s, but scrapped in 1999 during a catastrophic deregulation of the industry.

FORBES: JP Morgan Chase Should Yield Madoff Records

He sketched his own directions for the watch, which included a blue-enamel JWP monogram on the back case with hour, minute and second displays beneath the rock crystal glass.

FORBES: $1.8 Million Vacheron Constantin Watch Sets Record At Christie's