Prosecutors have lost their bid to have Bernard Madoff jailed while he awaits trial in what they allege is a $50-billion Ponzi scheme. Southern District of New York Magistrate Judge Ronald Ellis on Monday rejected a request to remand Madoff, but attached new conditions to Madoff's right to continue staying at his Park Avenue apartment under electronic monitoring while he awaits a trial or decides to plead guilty in the case.
Madoff Ruled Not a 'Danger to Community,' Remains Under House Arrest
New York Law Journal
January 12, 2009