Put Madoff in jail now, prosecutor requests
"The defendant's recent actions amount to obstruction of justice," Assistant U.S. Attorney Marc Litt told U.S. Magistrate Judge Ronald Ellis at an hourlong bail hearing. The prosecutor said one package of items that was accompanied by a handwritten note from Madoff may alone be worth more than $1 million.
The judge ordered both sides to submit written arguments this week and said he would rule later.
Madoff's lawyer, Ira Sorkin, said his client did not violate a court-imposed asset freeze by mailing heirlooms including $25 cufflinks, pens and a $200 pair of mittens through the post office to his brother, a son and daughter-in-law and a New York couple vacationing in Florida.
Sorkin called it an innocent mistake and said Madoff and his wife sought the return of the items they had sent on Dec. 24 as soon as they were told they could not send them out. He also suggested that some of the items mailed belonged to Madoff's wife and therefore were not subject to a court order at that time.
"We maintain it happened innocently," Sorkin said. "He's not a threat to the community, and there's no danger he's going to flee."
Madoff was released without restrictions after his arrest, angering critics who thought it was unfair that a man accused of such a large fraud could walk the streets. Prosecutors later tightened conditions of his bail to the point that Madoff is now under constant surveillance and confined to his Manhattan penthouse around the clock, the only exception being court hearings.
His $10 million bail was secured by his homes in Manhattan, Long Island and Florida.
The 70-year-old Madoff, a former Nasdaq stock market chairman, was arrested Dec. 11 on securities fraud charges alleging he duped investors out of as much as $50 billion in a giant Ponzi scheme.
At some point during his home confinement, Madoff and his wife decided to start sending the personal items to relatives and friends, including cufflinks that had been given to him by his granddaughter.
Sorkin said lawyers learned for the first time that the watch and jewelry had been sent to relatives and the couple in Florida when they were preparing a statement of Madoff's assets on Dec. 30 that had to be turned over to the Securities and Exchange Commission a day later.
Comments
- S.L. budget discussions continue 6:49 p.m.
- Man pleads guilty in assault 6:49 p.m.
- $25K reward offered in slaying 6:21 p.m.
- Salem step-father arrested in abuse 6:16 p.m.
- S.L. Dems appoint exec. director 6:15 p.m.
- Animal-rights protest issues resolved 6:12 p.m.
- Ex-legislators call for ethics reform 6:06 p.m.
- S.L. will light up for the holidays 6:00 p.m.
- Getting serious about seat belts 5:55 p.m.
- Driver who died in accident identified 5:47 p.m.
- Utah, BYU are top choices for bowls
- BYU would like friendlier rivalry
- Protests against Phoenix LDS temple
- Best prep football games of 2009
- KSL: Prostitution in Utah County
- Man trapped in own body for 23 yrs
- Kirilenko climbing blocks list
- Woman describes stabbing, killing
- Boys basketball rankings
- 'Dancing' will fill out finale
- BYU would like friendlier rivalry
223 - Glenn Beck to enter politics?
221 - RSL wins MLS Cup on penalty kicks
202 - Palin plans tour stop in Utah
179 - Protests against Phoenix LDS temple
178 - Bronco, Kyle rubber match
137 - Palin's book shows she's unqualified
135 - BYU records with win
132 - Letters: Rushing to judge Palin
114 - Officer cleared in Cardall Taser case
104
@4:55, "not sure what you're getting at, but the US Gov't has NO business...
Any Ute fans out there who don't believe this kind of stuff goes on at RES...
If it's going to cause that much traffic it's obviously going to serve a lot...
Bro. Chuck wins ! He got you twits to respond !
if you are so worried sell what you have and go help. Until then keep it to...
are in order for Anthony! Glad the state of Utah and USU can have a part in...
[Did Bush go in hastily with guns blazing or did he consult Allies and...
People Eating Tasty Animals!!!!!!
I caught that as well,they can't afford the cost of extra law enforcement but...
I agree- it would be great to have the boys' basketball 2008-09 all-state...



You can be the first to comment on this story.