Appeals Court Denies Bond for Bernie Madoff
Bernie Madoff will stay in jail pending sentencing. The Second Circuit Court of Appeals today refused to reverse the trial court's order denying bond. The ruling is here (pdf.)
It appears Madoff, facing a probable sentence that will exceed his life span, will leave prison only when he's dead.
Since the Government can continue the investigation into his relatives and friends, it's hard to figure why his lawyers didn't draw out the process, insisting on an Indictment. He would have had the protection of the 5th amendment until his appeals of any conviction were done and been able to sleep at his Park Ave. penthouse rather than MCC or an FCI for at least two more years. [More...]
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