FindLaw: Bail Order for Bernard Madoff, Accused Wall Street Ponzi Scheme Investor and Former NASDAQ Chairman

 

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U.S. v. Bernard L. Madoff

Judge Orders Madoff Confined to Manhattan Apartment
With Home Electronic Monitoring
Ruth Madoff Surrenders Passport

December 17, 2008

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Lawyers
  • Daniel Horwitz, Madoff Defense Lawyer
  • Nicole P. De Bello, Madoff Defense Lawyer
  • U.S. Attorney’s Office
  • Criminal Defense Lawyers

  • Securities Lawyers

  • Related Links:
  • Madoff's Criminal Charges
  • S.E.C. v. Madoff
  • Order Freezing Madoff's Assets
  • White Collar Crime: Learn About It

  • Accused Wall Street investment manager Bernard 'Bernie' Madoff was ordered by a judge to remain confined to his Manhattan apartment with an electronic monitoring device, and post bail by agreeing to a $7 million confession judgment.

    What does that mean? If the accused Ponzi-scheme defendant tries to flee, he and his wife would lose their Manhattan apartment, their Montauk beachfront house on Long Island, and their Palm Beach, Florida property.

    In addition to staying put in his penthouse apartment between 9 p.m. and 7 a.m., Bernard and Ruth Madoff also surrendered their passports.

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