Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

Wednesday, January 7, 2009

Prosecutors Seek to Revoke Madoff's Bail

According to the government's brief, Bernie Madoff sent to his family packages containing 13 watches, 4 diamond brooches, a jade necklace, 2 sets of cufflinks and other jewelry worth at least $1 million.  Prosecutors say this violates the terms of a court order and makes Madoff an increased flight risk.  Madoff's attorney says it was a mistake.  NYTimes, Court Filing Details Items Madoff Sent.

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