Market Features
Judge Rules Madoff Can Remain Free on Bail
By Tom Hays and Larry Neumeister
NEW YORK -- Disgraced money manager Bernard Madoff has won the latest round in his battle with prosecutors over his bail package. A judge allowed Madoff to remain free Wednesday, turning back an appeal by federal prosecutors. The judge said that prosecutors failed to make a compelling argument that he's a flight risk or a danger to the community -- the two main requirements for bail decisions. Authorities say Madoff has said he ran a $50 billion Ponzi scheme, paying investors with money raised from new clients. (Photo gallery: The Madoff Mess ) He has been free on bail at his penthouse. But the government says he should be jailed for sending more than $1 million in jewelry and gifts to family and friends over the holidays. The defense said the gifts were an innocent mistake.TheStreet Premium Services
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
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|---|---|---|---|---|
| 12,393.45 | 1,310.33 | 2,827.34 | 15.81 |
Oil *
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2.99 |
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10.02 |
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0.44 |
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SPDR Gold
151.62
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-2.71%
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