COPY-Federal appeals court to hear Madoff jail argument - WLOX.com - The News for South Mississippi

COPY-Federal appeals court to hear Madoff jail argument

Associated Press - March 19, 2009 7:43 AM ET

NEW YORK (AP) - Bernard Madoff's lawyers are set to make their case this morning for why Bernard Madoff should released on bail until his June sentencing.

Madoff has been in jail since pleading guilty last week to securities fraud and other charges in 1 of Wall Street biggest swindles. He's facing up to 150 years for defrauding investors of billions of dollars.

His lawyers contend that other white-collar defendants, including those in the Enron, Adelphia and WorldCom scandals, have been allowed to remain free while awaiting sentencing.

Meanwhile, Madoff's longtime accountant and son-in-law has been arrested on fraud charges. Authorities blame David Friehling fraud for failing to make the most basic auditing checks that would have exposed the epic fraud.

Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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