Bernard Madoff will spend another weekend in his $7 million New York penthouse. Federal Magistrate Ronald Ellis has informed the court that he will not make a decision on whether or not to revoke the bail of the alleged master of a $50 billion investor fraud scheme until Monday at noon.
Ellis listened to oral arguments for and against Madoff's bail revocation earlier this week. The prosecution submitted written arguments on Tuesday, and the defense filed its counter arguments Wednesday. From...Full Story