Madoff's Digs: Penthouse, Not Prison

Submitted by Melissa Hoffmann on Mon, 01/12/2009 - 14:12

How is it that Bernard L. Madoff is still avoiding a jumpsuit and jailbars? A federal judge today ruled not to revoke Madoff's bail, allowing him to return to his $7 million penthouse apartment. Even after he and his wife sent about a million dollars' worth of jewelry and heirlooms to relatives and friends over the holidays, which prosecutors say was an attempt to hide assets. Oh yeah, and when he was initially arrested, he allegedly had $173 million in signed checks ready for the mailbox.

 

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