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.
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[…] Also in the Madoff case today, U.S. Magistrate Judge Ronald Ellis, is expected to rule on whether to revoke Madoff’s bail, as requested by prosecutors last week (discussed here). […]