Bernard Madoff will remain free on a $10 million bond, a federal judge ruled, denying a request by U.S. prosecutors that he be jailed while awaiting trial on a federal securities fraud charge.
U.S. Magistrate Judge Ronald Ellis in Manhattan today said Madoff, arrested last month for running an alleged $50 billion Ponzi scheme, may continue to live under house arrest in his Manhattan apartment on the Upper East Side. Ellis imposed new conditions, ordering Madoff to compile an inventory of all items in his home and barring him from transferring property.
“Because the government has failed to meet its legal burden, the motion is denied,” Ellis wrote in the order. “The government has failed to articulate any flaw in the current conditions of release.”
Simply unbelievable!
It is probably safer that he remained in his home…and out of the crosshairs of the public.
Intercessor
It is bizarre indeed. I’m deliberating about how much more comment to make about that.
In related news, there is the interesting link from a Madoff-managed fund in Florida to Planned Parenthood: http://lifenews.com/nat4730.html
As unpleasant as it may be, we must remember that no matter how vile the alleged crime may be, the accused enjoy a legal presumption of innocence until they have had their day in court. The wheels of justice sometimes do not turn fast enough for our taste. But they do turn. Let the courts deal with this scum (character judgments are not covered by the 5 & 6th amendments).
Mr. Madoff will be locked up soon enough. And I expect that when he leaves prison it will be in a box. (Yes I probably just disqualified myself from the jury pool.)