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Madoff Once Again Free on Bail

In a new hearing today, Ponzi schemer Bernard Madoff re-won the right to stay at his penthouse apartment pending his trial. Although government prosecutors sought jail for the 70-year-old money manager after he mailed more than $1 million worth of jewelry and gifts out to family members, U.S. District Court Judge Lawrence McKenna this afternoon upheld a federal magistrate's Monday decision to let Madoff stay under house arrest. According to this msnbc report, Madoff expressed the wish to make vi

In a new hearing today, Ponzi schemer Bernard Madoff re-won the right to stay at his penthouse apartment pending his trial. Although government prosecutors sought jail for the 70-year-old money manager after he mailed more than $1 million worth of jewelry and gifts out to family members, U.S. District Court Judge Lawrence McKenna this afternoon upheld a federal magistrate's Monday decision to let Madoff stay under house arrest. According to this msnbc report, Madoff expressed the wish to make victims whole and he described the mailing out of jewelry an attempt to reconnect with family members.

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