Madoff will remain free on bail until trial
Bernard Madoff, the man accused of defrauding investors of $50 billion in a giant Ponzi scheme, will remain free on bail until trial.
A prosecutor on Monday asked that Bernard Madoff be jailed pending trial, saying the disgraced financier violated an agreement with the court by mailing watches, jewelry, cufflinks and mittens worth more than US$1 million to relatives and friends.