For the second time this week, a judge is allowing disgraced money manager Bernard Madoff to remain free on bail.
A silver sport utility vehicle pulled out of the driveway in front of Madoff's home early Wednesday afternoon for his ride to court. Paper on its side windows blocked journalists from confirming whether Madoff was inside it.
Prosecutors hoped once again to overturn a judge's ruling that Madoff could remain free in his $7 million penthouse despite government claims he was trying to disperse valuable jewelry and watches to close relatives and friends.
Prosecutors argued that besieged financier Bernard Madoff needs to be sent to jail because he cannot be trusted under any set of bail conditions.
Prosecutors made the argument Wednesday as Madoff appeared in court as part of the ongoing fight over his bail package. The government believes he should be jailed for sending more than $1 million in jewelry and gifts to family and friends over the holidays.
But the defense said the government is using "inflammatory rhetoric and hyperbole" to make a flimsy argument. They said the gifts were an innocent mistake.
Madoff did not speak as he was ushered into the courthouse Wednesday. Metal barricades held back a large group of photographers.
(Sources: CBS2 HD / MyFoxNY)
http://www.theyeshivaworld.com/article.php?p=28818
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