Madoff Remains Free On Bail After Judge's Ruling

Law360, New York (January 12, 2009, 12:00 AM EST) -- Bernard L. Madoff will be able to stay in his Upper East Side apartment after a federal magistrate judge on Monday ruled against a prosecution motion to have the disgraced fund manager jailed for violating the terms of his parole.

Judge Ronald L. Ellis of the U.S. District Court for the Southern District of New York wrote Monday that the government did not prove that Madoff was a significant flight risk in light of the terms of his bail, which include house arrest, 24-hour electronic surveillance...
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