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(Pent)House Arrest, Marc Dreier Edition
We haven’t seen a professionally-produced video of the prison/apartment where Bernard Madoff is currently under (pent)house arrest, but how much nicer can it be than the prison/apartment where Marc Dreier will now reside until the trial in his pending prosecution? Cityfile reports that it has found a Prudential Douglas Elliman video tour of Dreier’s One [...]
Be Very Careful How You Answer This Question!, Part II (a.k.a. “No, It is Not OK to Shoot My Client”)
The response is now in to the very interesting question posed by U.S. District Court Judge Jed Rakoff (previously discussed here) when deciding whether to free Marc Dreier on bail: “Are these armed guards authorized to shoot him” if he tries to flee? Counsels’ answer: Don’t shoot!! The details are in this post (click here) [...]
Be Very Careful How You Answer This Question!
Before U.S. District Court Judge Jed Rakoff decides whether to free Marc Dreier on bail, the judge has asked prosecutors and Dreier’s lawyers to research and answer an important and interesting question: Are the armed guards free to shoot Dreier should he attempt to flee house arrest? “Are these armed guards authorized to shoot him?” [...]
CNBC Video: Why the Court Refused to Revoke Madoff’s Bail
In this video, CNBC’s Scott Cohn takes an interesting look at Bernard Madoff’s bail hearing yesterday and the reason why a federal judge denied a second bid by prosecutors to revoke Madoff’s bail.
Prosecutors’ Appeal of Madoff Bail Ruling Scheduled to be Heard Today
The prosecution’s appeal of a court ruling allowing Bernard L. Madoff to remain free on bail will be heard today. Reuters reports that Judge Lawrence McKenna in the SDNY is scheduled to hear the government’s argument at 2:30 p.m. Madoff’s lawyer Ira Sorkin said Madoff would appear in court for the hearing. “The government will [...]
WSJ Video: Explaining Why the Court Allowed Madoff to Remain Free Today
In this video from the WSJ, reporter Amir Efrati explains why today a federal judge denied prosecutors’ request to revoke bail and jail Bernard Madoff prior to his trial.
Federal Prosecutors Ask Court to Revoke Madoff’s Bail, Imprison Him Pre-Trial
The AUSA handling the Bernard Madoff prosecution argued in court today that Madoff should have his $10 million bail revoked and be imprisoned as he awaits trial on a securities fraud charge. Bloomberg reports that AUSA Marc Litt stated that Madoff violated conditions of bail by transferring $1 million in valuables including jewelry. Read the [...]