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Bernie Madoff finally pulls "Go Directly To Jail" card after all his money games

By Douglas A. Berman

As detailed in this new AP report, after his guilty plea Bernie Madoff "was led out of court with his hands cuffed behind his back" because "U.S. District Judge Denny Chin denied bail for Madoff, 70, and ordered him to jail, noting that he had the means to flee and an incentive to do so because of his age."  Here are a few more notable details from today's court action: After arguments began as to whether Madoff should remain free on bail, his lawyer Ira Sorkin described the bail conditions and how Madoff had, "at his wife's own expense," paid for private security at his $7 million penthouse. Loud laughter erupted among some of the more than 100 spectators crammed into the large courtroom on the 24th floor of the federal courthouse in lower Manhattan...continue to full post

Full post as published by Sentencing Law and Policy on March 12, 2009 (boomark / email).