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.
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.