Monday, January 12, 2009

Bernie Madoff - Still Free on Bail


Today, a judge allowed former hedge fund manager Bernard Madoff to remain free on bail after prosecutors attempted to argue he violated the conditions of his bail by mailing more than $1 million of jewelry to family and friends during the holidays.


Simply amazing. Steal several billion dollars and you're not considered a flight risk or a threat to the general public? Post bail and you can live in the comfort of your own multi-million dollar penthouse in NYC while you await your day in court.


For more detailed information, here is the transcript from the judge's bail hearing.

1 comment:

Tom J said...

I love this kind of news story...
Some trust fund kids toilet papered Bernie's Florida mansion...

http://www.msnbc.msn.com/id/28862451/