Monday, January 12, 2009

NYC judge allows Madoff to remain free

This is just another example of "White Privilege" A person has died from Madoff's wrong doing but he is still able to live in his luxury home and send family /friend millions of dollars.

NYC judge allows Madoff to remain free

By LARRY NEUMEISTER

— A judge has allowed Bernard Madoff to remain free on bail, rejecting a bid by prosecutors to send the disgraced money manager to jail.

Madoff mailed more than $1 million in jewelry and heirlooms to family and friends over the holidays. Prosecutors said the gifts were grounds to have his bail revoked because what's left of Madoff's assets will have to be returned to burned investors.

Madoff's lawyers said the gifts were an innocent mistake and said he is neither a danger to the community nor a threat to flee.

The fact that Madoff (MAY'-dawf) has been able to spend his days in his luxury apartment — and not jail — has stirred up outrage among investors who lost billions in his alleged fraud that he reportedly describes as a $50 billion Ponzi scheme.
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