Prosecutor Seeks to Jail Madoff for Alleged Transfers

Assistant US Attorney Mark Litt sought yesterday to revoke Bernie Madoff's bail after allegations Madoff may have transferred as much as $1million in jewelry and other items to family members. A condition of Madoff's bail was that no money be transferred without court approval.

However, U.S. Magistrate Judge Ronald L. Ellis decided not to make any changes to Madoff's bail at this time.

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