Madoff to Get Ankle Bracelet

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Madoff to Get Ankle Bracelet

News from the Bernie Madoff case: U.S. District Court Magistrate Gabriel Gorenstein ordered the defendant to submit to electronic monitoring—which typically means an ankle transmitter—and home detention. The arrangement will allow Madoff to avoid jail while he awaits trial. Gorenstein also ordered Madoff’s wife to give up her passport. Madoff’s was freed $10 million bond.

Read it at Reuters

Posted at 12:13 PM, Dec 17, 2008

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Passport , Gabriel Gorenstein , Home Detention , Electronic Monitoring , Ankle Bracelet , Securities Fraud , Ponzi Scheme , Bernie Madoff , Bernard Madoff

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