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The Bail Reform Act is getting a real workout during the latest spat of white-collar criminal prosecutions in the Southern District. The government won the most recent round in a series of high-profile arguments over pretrial detention under the 1984 statute yesterday when Judge Denise Cote set virtually unreachable bail conditions for Arthur Nadel, a disbarred lawyer turned hedge fund advisor accused of swindling tens of millions of dollars from investors. "If the defendant can't be trusted not to flee," Judge Cote said, "then the taxpayers have provided a mechanism to deal with that situation. That's detention."
February 26, 2009 at 12:00 AM
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