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Madoff heads to court for bail hearing

Madoff heads to court for bail hearing

Besieged financier Bernard Madoff is heading back to a Manhattan court, where prosecutors are making another move to have him jailed.
A silver sport utility vehicle pulled out of the driveway in front of Madoff's home early Wednesday afternoon. Paper on its side windows blocked the news media from confirming whether Madoff was inside it. However, he was scheduled to appear in court around 2:30 p.m. EST (1930 GMT).
Prosecutors are appealing a judge's ruling that Madoff could remain free in his $7 million penthouse despite government claims he sent valuable jewelry and watches to close relatives and friends.
Authorities say Madoff has described what he did as a $50 billion Ponzi scheme.


Updated : 2021-02-25 13:40 GMT+08:00