US judge allows Madoff to remain on bail
13-01-2009
A US judge has allowed Bernard Madoff, to remain free on bail,rejecting a bid by prosecutors to hold him in detention. But he remains under house arrest with additional restrictions. The ruling gives Madoff, 70, more time in his Manhattan apartment before he pleads guilty, or goes to trial, as authorities probe a worldwide $50 billion investment fraud they say he confessed to a month ago. Prosecutors say he's a flight risk and could cause further economic harm to investors by disposing of assets.
