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Madoff Back in Court for Yet Another Bail Hearing Prosecutors hope to send financial scammer to jail

Updated 1:10 PM PDT, Wed, Jan 14, 2009

Related Topics: Bernard Madoff

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Alleged swindler is back in court.

Alleged swindler is back in court.

 

Besieged financier Bernard Madoff has arrived at a Manhattan courthouse, where prosecutors are making another move to have him jailed.

Madoff did not speak as he was ushered into the courthouse around 1:15 p.m. Wednesday. Metal barricades held back a large group of photographers.

Earlier, a silver sport utility vehicle had pulled out of the driveway in front of Madoff's home. Paper on its side windows blocked journalists from seeing inside it.

He was scheduled to appear in court around 2:30 p.m.

Prosecutors are appealing a judge's ruling that Madoff could remain free in his $7 million penthouse despite government claims he was trying to disperse valuable jewelry and watches to close relatives and friends.

Authorities say Madoff has described what he did as a $50 billion Ponzi scheme, paying investors with money raised from new clients.

Comments (3)

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  • Anonymous Thursday, Jan 15 at 7:38 AM FLAG COMMENT Message from the judge....make it big and you'll go home
  • Frank M Thursday, Jan 15 at 7:31 AM FLAG COMMENT Message from the judge...do it big and you go home
  • Linda Wednesday, Jan 14 at 12:23 PM FLAG COMMENT If the judge doesn't put him in jail today - I say put the judge in jail. What kind of nut is he?

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