Wed, January 07, 2009
Business > Markets > Madoff scandal

Prosecutors want Madoff jailed

2009-01-07 05:04:41 GMT2009-01-07 13:04:41 (Beijing Time)  Reuters

U.S. prosecutors sought to revoke bail and put accussed Wall Street swindler Bernard Madoff in jail after he allegedly mailed $1 million in items.

A magistrate judge is expected to rule on the motion later this week. Some lawyers say the prosecution hopes the threat of jail will convince Madoff to cooperate with their investigation into what may be Wall Street's biggest fraud. Speaker: John Coffee, securities law professor, Columbia University Conway Gittens reports from New York.

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