Bulletproof Bernie: Gov't Effort to Revoke Madoff Bail Again Bounces Off

The government again argued that Madoff had "little to lose given the lengthy time of incarceration that he likely faces."

The brief was filed in federal district court in New York. As a backdrop to it, published reports indicate that conversations are ongoing between the prosecution and the defense, which earlier had acknowledged some degree of cooperation with the government.

Prosecutors added that Mrs. Ruth Madoff, while not a party to the proceeding, cannot be trusted to enforce not to unilaterally "dissipate" the assets.

An initial agreement between the defense and prosecution gave soft bail terms for Madoff following his December 11th arrest - confinement at night to his $7 million Manhattan penthouse and security against flight by consigners to the bond and the penthouse and other properties in his or his wife's name. They were quickly amended to keep Madoff confined in the Upper East Side home 24 hours a day watched by armed security and wearing an electronic ankle bracelet designed to trigger alarms if he strayed.

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