Madoff's New Home: Cell the Size of Walk-in Closet

[MTK]

Originally Posted by dmek25

not to burst your bubble, but he is out on bail as we speak

Not to burst yours, but his bail was denied and he was sent straight to jail

NEW YORK (AP) — Saying he was "deeply sorry and ashamed," Bernard Madoff pleaded guilty Thursday to pulling off perhaps the biggest swindle in Wall Street history and was immediately led off to jail in handcuffs to the delight of his seething victims.

U.S. District Judge Denny Chin denied bail for Madoff, 70, and ordered him to jail, noting that he had the means to flee and an incentive to do so because of his age.

The Associated Press: Madoff pleads guilty and goes to jail in handcuffs