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Results tagged “flightrisk”
Bernie's Weekend at Home, Before Judge's Decision

Bernie's Weekend at Home, Before Judge's Decision

The federal judge deciding whether to revoke Bernard Madoff's bail will announce his decision on Monday, giving the fraudulent investor another weekend under house arrest at his $7 million Upper East Side penthouse. more ›

Alleged UWS Grifter Worth $100 Million

Alleged UWS Grifter Worth $100 Million

$100 million, "with $6.5 million of it liquid." Federal prosecutors, who say Dina Wein-Reis would buy discounted products from Fortune 500, claiming they would be given away to the needy but actually sold them to retailers for big profits, think she's a flight risk, given her art collection worth $35 million, seven homes, "dozens of bank accounts and a missing, expiring passport." However, the judge allowed her family to post $10 million bail for Wein-Reis: Her husband had begged the judge to let her go, because their "three boys... are falling apart by the day" and a Whitney Museum curator said, "I have always regarded Dina as a person who cared about others." It's unclear if the feds had testimony from her former employees, one of whom claims she "treated people like crap." more ›

Bail Relaxed for CEO Accused of Stealing Millions

Bail Relaxed for CEO Accused of Stealing Millions

David Brooks, who is the subject of a pump and dump stock scheme investigation that allegedly netted him hundreds of millions of dollars, had the restrictions on his $400 million bail loosened this week by a judge who feels he's only a minor flight risk. Brooks was the CEO of DHB Industries, a maker of bullet proof body armor worn by the U.S. military and the NYPD. more ›

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