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Prosecutors Renew Bail Bid For Ex-Madoff CFO

Law360, New York (October 19, 2009) -- Prosecutors are asking a federal judge to overturn an earlier decision denying bail to the former chief financial officer of Bernard L. Madoff Investment Securities LLC, arguing that the government witness is not a flight risk and home detention is the appropriate course of action.

On Friday, prosecutors proposed a “strengthened bail package” for Frank DiPascali Jr. in hopes that Judge Richard Sullivan of the U.S. District Court for the Southern District of New York...

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