It amazes and infuriates me that this guy stays out of jail while waiting trial. Obviously, the judge did not have any money invested with Madoff-Lou
Financier Madoff stays in penthouse, avoids jail
Judge say money manager Madoff can remain free on bail in penthouse with more restrictions
Monday January 12, 2009
NEW YORK (AP) -- A judge allowed disgraced money manager Bernard Madoff to remain free on bail Monday, rejecting an attempt by prosecutors to send him to jail for mailing more than $1 million in jewelry to family and friends over the holidays.
The decision is sure to outrage investors who have been clamoring for Madoff to be sent to jail for allegedly carrying out the largest financial fraud in history - a scheme authorities say he has described as a Ponzi scheme.
If bail had been revoked, Madoff would have been forced from the comfort of his $7 million penthouse where he has been under house arrest and await trial living in a jail cell with nothing but bunkbeds, a sink and toilet.
Read Article Here:
http://finance.yahoo.com/news/Financier-Madoff-stays-in-apf-14033202.html/print
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