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Judge Rules That Bernie Rip-off Gets to Stay in the Penthouse

He may not be a danger to society, but he sure is getting more and more people angry. Maybe it’s all rather self fulfilling when your name includes the word “Mad”.

Bernie Madoff

Bernie Madoff

By THE ASSOCIATED PRESS
A judge allowed disgraced investor Bernard Madoff to remain free on bail Monday, rejecting an attempt by prosecutors to send him to jail for mailing more than $1 million in jewelry to family and friends over the holidays.
The decision is sure to furhter outrage investors who have been clamoring for Madoff to be sent to jail for allegedly carrying out the largest financial fraud in history. Prosecutors said the gifts were grounds to have his bail revoked because what’s left of Madoff’s assets will have to be returned to burned investors.
But the judge not swayed by the their arguments that Madoff represents an economic danger to the community because of the size of the fraud and his sending of the gifts. Judges in bail decisions normally consider two main factors: whether the defendant is a flight risk or a danger to the community.
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Read Judge’s Ruling


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