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Judge rules Madoff can remain free on bail

  Bernard Madoff arrives at Federal Court for a scheduled hearing Wednesday, Jan. 14, 2009  in New York. (AP Photo/Frank Franklin II)
 Bernard Madoff arrives at Federal Court for a scheduled hearing Wednesday, Jan. 14, 2009  in New York. (AP Photo/Frank Franklin II)
 Bernard Madoff arrives at Federal Court for a scheduled hearing Wednesday, Jan. 14, 2009, in New York.  (AP Photo/Frank Franklin II)
 A bystander makes a statement in front of the apartment building of Bernard Madoff moments before he was driven for a scheduled bail hearing at Manha...

APTOPIX Madoff Scandal

Bernard Madoff arrives at Federal Court for a scheduled hearing Wednesday, Jan. 14, 2009 in New York. (AP Photo/Frank Franklin II)

Madoff Scandal

Bernard Madoff arrives at Federal Court for a scheduled hearing Wednesday, Jan. 14, 2009 in New York. (AP Photo/Frank Franklin II)

Madoff Scandal

Bernard Madoff arrives at Federal Court for a scheduled hearing Wednesday, Jan. 14, 2009, in New York. (AP Photo/Frank Franklin II)

Madoff Scandal

A bystander makes a statement in front of the apartment building of Bernard Madoff moments before he was driven for a scheduled bail hearing at Manha...

Disgraced money manager Bernard Madoff has won the latest round in his battle with prosecutors over his bail package.
A judge allowed Madoff to remain free Wednesday, turning back an appeal by federal prosecutors. The judge said that prosecutors failed to make a compelling argument that he is a flight risk or a danger to the community _ the two main requirements for bail decisions.
Authorities say Madoff has said he ran a $50 billion pyramid scam, paying investors with money raised from new clients.
He has been free on bail at his penthouse. But the government says he should be jailed for sending more than $1 million in jewelry and gifts to family and friends over the holidays.
The defense said the gifts were an innocent mistake.


Updated : 2021-04-14 19:32 GMT+08:00