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Tag: Judge Ronald L. Ellis

  • Madoff Bail Restrictions Tightened, But He’ll Stay Home

    It must have been a worrisome weekend for Bernard Madoff. Madoff, accused of masterminding a $50 billion Ponzi scheme that has affected investors worldwide, found out Friday that a federal judge planned to rule today whether to revoke his bail and jail him in response to prosecutors’ court pleadings. The judge now has ruled —…

  • Prosecutors Turn Up The Heat On Madoff

    Ponzi schemes almost always have insiders, and sometimes the insiders may not even know they’re insiders. In an extraordinary revelation, federal prosecutors said this afternoon that Bernard Madoff took overt steps to distribute bonuses to preferred family,  friends and employees after he realized the Ponzi he created was crashing down around him “[When] the defendant’s…