Madoff Put Under Surveillance As Probes Open

Law360 (December 17, 2008, 12:00 AM EST) -- Disgraced fund manager Bernard Madoff was placed under house arrest and electronic surveillance by a federal court judge Wednesday, as investigations into the alleged $50 billion Ponzi scheme perpetrated by Madoff began to pile up.

Magistrate Judge Gabriel W. Gorenstein signed off on the order after readjusting the terms of Madoff's bail agreement.

The New York Times reported that Judge Gorenstein dropped the number of signatures needed for Madoff's bail order after two of the fund manager's sons refused to guarantee the bond. Only Madoff's wife...
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