Judge to Decide on Madoff's Bail Today

Disgraced financier Bernard Madoff should find out today whether or not his bail will be revoked. The man behind an alleged $50 billion Ponzi scheme spent the weekend under (pent)house arrest, but the U.S. Attorney's office claims he is a flight risk and point to his recent mailing of over $1 million in jewelry and other personal effects to relatives as a sign he's distributing his assets, a violation of his bail agreement. Today's decision comes after yesterday's revelation that Madoff also ripped of his own sister: The Post reported that Sondra Wiener (who received one of those packages) has recently put her Palm Beach home up for sale. Her son confirmed, "Yes, my family's a victim. More so than anybody else. It's very painful."

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By Jen Chung in News on January 12, 2009 9:48 AM

Comments [rss]

NannyState

Bring a nice selection of Rikers inmates to share that "cell" in Madoff's penthouse. Let them all sun themselves on the terrace like lizards and feed them roadkill.

inoyourider

No bail.

Send him to PMITA prison for life.

ides_of_march

Stupid man. Doesn't he know that if you want to rip off loads of people and piss away huge sums of money and get away with it, you need to be in the government.

FYI: Social Security is also basically a Ponzi scheme too.