Quote:
Originally Posted by Jim Garfield
I can't understand why Madoff isn't in jail without bail. If he's convicted he's going to be in jail for the rest of his life, he has untold millions sitting in Switzerland no doubt, he owns a jet that can make it to Urp nonstop. And it would probably be safer for him, as I'm sure there are a lot of formerly wealthy clients who would like to see him dead. Why not keep him locked up?
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The prosecution has to make the case why bail should be denied. They couldn't—or didn't—make that case. So the judge has to grant bail. He set it at $10 million—which reflects the gravity of the crime—but is of course still peanuts for Madoff.