Tuesday, August 18, 2009
Judge Surprises Madoff Deputy by Denying Bail
On Wednesday, while DiPascali, a former Madoff deputy, sat in a Manhattan jailhouse, legal experts questioned the effect the judge's decision would have on potential witnesses as the federal government continues its investigation of the Madoff scheme and other high-profile cases arising from the financial crisis.
NEW YORK -- When Frank DiPascali Jr. walked into a federal courthouse Tuesday afternoon, he expected to be able to stroll right back out. Instead, DiPascali, a key witness in the Bernard Madoff Ponzi scheme, was led away in handcuffs after a federal judge took the unusual step of rejecting the prosecution's recommendation that he remain free on $2.5 million in bail pending sentencing.
Posted by Editor on 08/18/09 at 07:37 AM •
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