Madoff Avoids Jail (For Now)
Despite having sent a cool million dollars worth of jewels to friends and family over the holidays, the alleged mastermind behind arguably a $50 billion Ponzi Scheme - the largest financial fraud in history - was given permission to remain under house arrest in his Manhattan penthouse on $10M bail.
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Madoff Avoids Jail (For Now)
Eliot Glazer
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Madoff Will Remain Free for Another Month
examiner.com
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“Prosecutors Asked [Judge] To Jail Madoff Because He Mailed Items Including a Diamond Bracelet and Watches to Relatives in Violation of a Court-ordered Asset Freeze. Madoff’s Defense Lawyer Said His Client Didn’t Know the Order from a Related Lawsuit by Securities Regulators Applied to ‘Personal Items.’”
bloomberg.com
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