Judge Allows Madoff to Remain Free on Bail----again

[spanone]

this guy must have photos of every federal judge with farm animals........


A federal court on Wednesday upheld a lower court ruling and refused to send the disgraced financier Bernard L. Madoff to jail.

So for now, Mr. Madoff. who is accused of running a $50 billion Ponzi scheme, will stay out of jail and free on bail under house arrest at his luxury Manhattan apartment.

The ruling, by Federal District Judge Lawrence M. McKenna, upholds a decision by Magistrate Judge Ronald L. Ellis, which said that prosecutors had failed to prove Mr. Madoff was a flight risk or a danger to the community — the two requirements for bail decisions.The hearing is the latest twist in the court proceedings of Mr. Madoff, in which every turn has been captured in detail by the media. Mr. Madoff’s trip to court was shown live on television, via a camera in a helicopter, as he made his way to Lower Manhattan.

Mr. Madoff did not speak as he was ushered into the courthouse around 1:15 p.m., The Associated Press reported. Metal barricades held back a large group of photographers. Earlier, a silver sport utility vehicle had pulled out of the driveway in front of Mr. Madoff’s home, The A.P. said. Paper on its side windows blocked views inside it.

http://www.nytimes.com/2009/01/15/business/15bail.html?hp=&pagewanted=print

[BeyondGeography]

1. But at least Made-Off gets out of the house every now and then for his pointless bail hearings

:eyes:

[louis-t]

2. "Mr. Made-off, please don't mail anymore jewels

to your relatives." "OK, yer honor, I promise" There will be nothing left to confiscate by the time he goes to trial.