The Washington Times - December 20, 2008, 09:13AM

A private security company has been hired to provide 24-hour protection for Bernard Madoff, who is under house arrest in his $7 million apartment while awaiting court action on charges of bilking $50 billion from thousands of people and organizations, Bloomberg is reporting.

Hm, let’s take this nice and slow.

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Madoff is accused of conducting the largest fraud in U.S. history, and there are hundreds — perhaps thousands — of people mad at him.

He also has a lot of cash at his discretion, a significant portion of which the feds cannot account for.

He’ been placed under house arrest in his $7 million Park Avenue apartment, and a private security company has been hired to provide 24-hour protection for him.

So, he’s a flight risk, people might want to harm him, his apartment isn’t safe and extra money is being spent to keep him safe there.

If only there were a place the feds could put him to ensure he didn’t run away and nobody would hurt him. A facility that is already in use so that no extra expenses would be incurred. A place that already has a lot of guards.

If only such a place existed.