Well, the judge in the Madoff case made his decision today: Madoff can remain free on bond. I hadn't been aware until today that he's free on a personal recognizance bond. And here I'd always thought recognizance bonds were meant to ensure that poor people without any resources wouldn't have to languish in jail until their trials ( Read more... )

Bernard Madoff ran what was probably the largest Ponzi scheme not affiliated with the United States government or one of the Fortune 500 in history. He swindled clients out of billions of dollars, including the life savings of individuals and the operating capital of charitable organizations. The scandal has already led to at least one suicide, ( Read more... )