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Madoff mania continues as government presses bail issue

By Douglas A. Berman

This new Reuters piece provides the latest news in the still on-going saga of Bernard Madoff's bail situation. Here are the basics: Accused swindler Bernard Madoff will be back in court on Wednesday as U.S. prosecutors again try to persuade a judge to end his house arrest at his luxury apartment and toss him in jail.  A hearing is scheduled for 2:30 p.m. in Manhattan federal court.... The government wants Madoff jailed pending trial or a guilty plea, saying he had sent at least $1 million in valuables, including diamond watches, to family and friends in violation of a court order.... A judge on Monday rejected the government's request to jail Madoff, but prosecutors have appealed that ruling. The appeal will be heard by a different judge, U...continue to full post

Full post as published by Sentencing Law and Policy on January 14, 2009 (boomark / email).