Price Of Freedom

Madoff to Stay Out on Bail

A federal judge in New York City ruled today that Ponzi schemer Bernard Madoff—who allegedly fleeced $50 billion from his firm's clients—can remain out on bail. Prosecutors had sought to put him in jail now because they claimed he tried to dispose of assets, a violation of bail. Madoff is currently under house arrest in a penthouse apartment on Manhattan's Upper East Side under the protection of private security guards.