Friday, March 20, 2009

Madoff's Chutzpah Ploy Fails

Bernard Madoff's appeal to be released from jail while awaiting sentencing has been denied. The "due course" of the Appeals Court did not take very long. The basis for denial was that he posed a flight risk. Whether or not the Court recognized "flight into cyberspace" as part of that risk, as I had suggested, is irrelevant. I had also suggested that the Court would make their decision in a way that would "make sure that he does not do further damage;" and they have done so. Madoff can keep his Chutzpah of the Week award. I think it will be the first to decorate a prison cell!

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