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Judge Rules Madoff Can Stay in Penthouse Until Trial

HeadlineJan 13, 2009

In other financial news, a federal magistrate issued a ruling Monday to allow Bernard Madoff to keep living in his $7 million penthouse while he awaits trial for stealing $50 billion from investors. Federal prosecutors had asked the judge to revoke Madoff’s bail, because he attempted to give away valuable jewelry to family and friends.

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