Bernard Madoff, accused of the largest fraud in U.S. history, will be allowed to remain in his $7 million Park Avenue apartment instead of being sent to jail, under terms of an agreement announced today by federal prosecutors. Madoff was unable to meet the bond conditions set last week by a federal magistrate which required him to get four people to sign his personal recognizance bond.
According to the U.S. Attorney’s office, only Madoff’s wife and brothers were willing to sign the document.
But instead of ordering him held in jail, prosecutors agreed to home detention with electronic monitoring.
Madoff and his luxury apartment on Manhattan’s upper east side will be fitted with an electronic monitoring device by the court’s pre-trial services and Madoff will be under a curfew of between 7 p.m. through 9 a.m. Madoff’s wife agreed to post the mansions in her name in Palm Beach, Florida and in Montauk on New York’s Long Island.
Madoff reportedly admitted to FBI agents last week that he had single-handedly pulled off a $50 billion scheme, defrauding a long list of investors.
That’ll teach him. At the minimum, they should cut off his Wii.
Was anyone else arrested? How could one old dude do so much damage? He could not possibly be the only one who knew what was going on.
“He could not possibly be the only one who knew what was going on.”
Welcome to Americvoritea where if you are rich enough, the law doesn’t apply to you…that is, if you make sure you’re not the ONE sitting atop your favorite pyramid scheme.
#29 – Delp
>>Is there any wonder why you can’t get an AR
>>15 after Hussein’s election? Me? I’m stocking
>>up.
Good thinking. Although, you might be able to save some money and help out the economy if you went with an AR 24 or AR24K by taking advantage of their Armalite Economic Stimulus Package.
Granted, it’s a pussy 9mm, but if you get it shipped to the right place, at least you can get a 15-round magazine.
“ArmaLite has created the ArmaLite Economic Stimulus Package in reaction to the current economy, and to the high demand for high capacity firearms, by releasing a special allotment of AR-24 and AR-24k pistols featuring a $50 dollar Economic Stimulus Package. The pistols are available in both standard grade and Combat Custom models featuring finely checkered frames and adjustable sights. The same pistols are available with 10 round magazines for our friends in those states that limit magazine capacity. Pistols available at a retail price for the Standard versions are $499.99 and Custom Combats for $581.
The AR-24 is a 9mm pistol and is noted for its fine machine work, forged steel construction, and great fit to the hand. This isn’t a coffee-cup pistol made of plastic, but a classic handgun of steel.“.
And don’t forget to bury that canned tuna in the back yard.
#34 – ‘dro
STFU. You promised me you would, and now you broke that solemn vow. Is everyone in Kuzconia a liar?
I guess it’s a little too easy to become numb after hearing about all these huge sums in losses and bailouts. Just the other day, I accidentally sneezed on a couple of billion dollars in large bills I had lying around the house, and I casually threw the money out rather than taking the time to clean it up and sanitize it.
Easy come, easy go.
#36 – ‘dro
>>Worthy of a third world ignorant.
Go easy on the self-loathing, m’hijito. You just look pathetic.
#39 – ‘dro
>>Compared to you, anything shines.
I am rubber, you are glue;
Anything you say bounces off me and sticks to you.
Now, will you PLEASE STFU?
You two are unbelievable.
As I said previously, we won’t see this bozo in jail. I wonder to which club he belongs, “Skull and Bones” or Bohemian Grove.
Basically if you’re rich they send you home and tell you to be good. If you’re not rich you get sucked into the largest prison population on earth where, if you’re smart enough, you might survive to later leave prison, and be screwed for the rest of your life with a prison record.
Poor Bernie!
Sure in the end they’ll send him to one of those cushy country club minimum security prisons for the privledged. After a few year’s he’ll be free to enjoy whatever his cut of the 55 billion was…
American justice at it’s finest.
#37, Gary,
I trust you had the Guatemalan help toss it out. Why soil your hands?
*
#43, peehead,
STFU !!!. Geeze, you cry like a baby that dropped its pacifier.
#40, Mustard,
Quit picking on the retards.
#39–Pedro referring to Mustard: “#38 Compared to you, anything shines.” /// Did you catch that Mythbusters where they polished animal dung to a high luster? More shiny than I originally thought they could get.
But I mention this only to caution you in your attempts to belittle Mustard. He has a lifetime of abuse and as a result, in Pavlovian if not thinking manner, has learned to ignore and counter most insults. I assume even his name was chosen with your insult in mind. You can polish a mustard seed, but not the sauce. He’s way ahead of you on that.
50 Billion fraud scheme? Wow! that’s a skill! That’s talent right there. You have to be a world class con artists to be able to fool the richest investors at such a scale and nobody cared to double-check this guy? Madoff has been arrested and wearing ankle bracelet at his multimillion Palm Beach, FL house? Is this an arrest or a 5 star vacation? It’s time to send these people to jail for good and hold them responsible for their actions, greed has blinded many executives and it’s the common man, the middle-class hardworking people who always get screwed. How unfair!
this sorry piece of garbage madoff will die in luxury like hundreds of other wall street crooks……the individual working man who invested their hard earned dollars in these crooks schemes will be the losers……I have learned my lesson the hard way and will do my own investing in the future….if I lose my money it will be on me……that includes mutual fund operators……they are all crooks…