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January 13, 2009

Judge Rules Madoff Can Stay in Penthouse Until Trial
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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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