A federal prosecutor argued before a magistrate judge Monday that Bernard Madoff's bail should be revoked because he and his wife mailed more than $1 million in valuables late last month, despite a court order in a related civil case requiring the accused mastermind of a multibillion-dollar Ponzi scheme not to dissipate assets. The magistrate judge instructed both sides to brief the issue of whether Madoff's actions qualified as a basis for finding he posed a harm to the community under the Bail Reform Act.
Prosecutor Seeks to Revoke Madoff's Bail for Mailing Valuables to Others
New York Law Journal
January 6, 2009