Can we put Bernie back in his penthouse? Ira Sorkin, Bernard Madoff’s lawyer, is appealing the decision to put his client, who pled guilty yesterday to charges related to his ponzi scheme, back under house arrest. The Manhattan jail cell he was put in is a far cry from the penthouse he once lived, as you might guess. source
There’s a good question to ask. Dude stole $50 billion in a fraudulent ponzi scheme and apparently hired people to make fake accounting documents for some stupid reason. As Madoff faces up to 150 years in jail on 11 federal charges, which he’ll likely plead guilty to on Thursday, his investorshope that the guy finally explains what his motive was. source