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Judge orders ankle bracelet, curfew for Madoff

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Mack Bartlow
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http://finance.yahoo.com/news/Curfew-for-Madoff-as-new-apf-13856463.html

Judge sets new conditions for Madoff bail, including curfew and ankle bracelet

NEW YORK (AP) -- The judge in the Bernard Madoff fraud case has set new conditions for his bail, including a curfew and ankle-monitoring bracelet for the disgraced investor.
Bernard L. Madoff, chairman of Madoff Investment Securities is seen on his Manhattan trading floor in this photo taken Dec. 30, 1999 in New York. The former Nasdaq stock market chairman was arrested on a securities fraud charge Thursday, Dec. 11, 2008, accused of running a phony investment business that lost at least $50 billion and amounted to nothing more than a

Bernard L. Madoff, chairman of Madoff Investment Securities is seen on his Manhattan trading floor in this photo taken Dec. 30, 1999 in New York. The former Nasdaq stock market chairman was arrested on a securities fraud charge Thursday, Dec. 11, 2008, accused of running a phony investment business that lost at least $50 billion and amounted to nothing more than a "giant Ponzi scheme." (AP Photo/The New York Times, Ruby Washington)

Madoff (MAY-doff) remains free on bail, with his wife and brother serving as co-signers for his bail package. A hearing had been scheduled for Wednesday in which Madoff was required to find two additional co-signers to vouch for him.

But with the scandal swirling around Madoff, he was unable to find co-signers. So the judge modified the bail package, and gave lawyers until next Monday to come up with additional paperwork.

He has already surrendered his passport, and now will be required to be at his Manhattan apartment from 7 p.m to 9 a.m.

Madoff was arrested on charges that he carried out what prosecutors say he called a $50 billion Ponzi scheme that has left people in ruin around the globe.


 
Posted : 17/12/2008 10:20 am
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