January 12, 2009
Madoff - Bail Holds
This is not a surprising result as Madoff has not been convicted of any crimes and has not been indicted. Although the courts have been providing varying results in cases post-conviction (Bernie Ebbers remained free; Jeff Skilling to prison; Martha Stewart free until she decided to go; Former Atlanta Mayor Bill Campbell to prison; Conrad Black to prison; Wesley Snipes bail, etc.), one seldom sees a white collar offender in prison prior to trial. The test applied by judges is found in 18 U.S.C. s 3142, which provides in part:
"upon motion of the attorney for the Government or upon the judicial officer’s own motion in a case, that involves—
Thus, when a court is able to find measures to assure that there is no flight and when there is little likelihood of an obstruction, placing the individual in jail pre-trial is unlikely. So seeing a court ruling that Madoff remain free and adding measures to make certain that assets are not dissipated, is not surprising.
Addendum - Mark Hamblett, NYLJ, law.com, Madoff Ruled Not a 'Danger to Community' Remains on House Arrest
TrackBack URL for this entry:
Listed below are links to weblogs that reference Madoff - Bail Holds:
But he violated the bail conditions. He attepted to hide assets. Thats all the judge needed. Unreal.
Posted by: DAG | Jan 13, 2009 5:22:27 AM
I am really waiting to see what is going to happen here... Hope dude goes to jail for a long time. White Collar crime is indeed crime.
Posted by: Michael | Jan 13, 2009 5:22:47 AM
Madoff is walking around the Upper East Side without two coins to rub together, his plastic don't work, and nobody will give him the time of day. Do me a favor. Book me.
Posted by: Brian R. Higgins | Jan 13, 2009 2:16:25 PM