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Tag: $7 Million Penthouse

New Sequel To Weekend At Bernie’s: Fed Judge Orders Bernie Madoff Confined to his $7 Million Penthouse

There are worse things than being confined to a $7 million penthouse in New York. Then again, these days there are better people to be than Bernie Madoff.

BY THOMAS ZAMBITO and CORKY SIEMASZKO
New York Daily News
NEW YORK — The most hated con man in New York will be trapped in a gilded cage until he goes to trial.
Fallen financier Bernard Madoff Friday was ordered confined to his $7 million upper East Side penthouse 24 hours a day by a Manhattan federal judge.
Madoff was already wearing an electronic ankle bracelet and required to be home from 7 p.m. to 9 a.m.
Magistrate Judge Theodore Katz agreed to tighten Madoff’s bail conditions after federal prosecutors – worried about death threats and determined that he stand trial for engineering a $50 billion Ponzi scheme – cited the need to prevent “harm or flight.”
For Full Story

A 2007 Chat With Bernie Madoff