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Boston Watches As Bernard Madoff?s Criminal Lawyer Tries To Keep Him Out Of Custody

By Altman & Altman

?Meanwhile, back in the Bernard Madoff (hereinafter, the ?Defendant?) drama, Magistrate Judge Ronald L. Ellis awaits written argument from the Defendant?s criminal lawyer as to why his client should not be incarcerated while awaiting trial for his artful recreation of the Boston ? originated ?Ponzi Scheme?. The issues involved are an interesting combination of typical bail-related considerations as well as a novel twist to the ?danger to the community? approach. First of all, for those of you just waking up from about a month-long nap, the Defendant was arrested on December 11th on a securities fraud charge after the FBI said he confessed to swindling investors. Authorities say he told his sons he ran a $50 billion Ponzi scheme and had only a few hundred million dollars left...continue to full post

Full post as published by Boston Criminal lawyer Blog on January 07, 2009 (boomark / email).