- Associated Press - Monday, January 9, 2017

NEW YORK (AP) - The Latest in a wealthy businessman’s attempt to pay for his own house arrest while awaiting a federal trial in New York 9all times EST):

3 p.m.

A businessman who’s offered to cover the costs of his own house arrest has lost a round in his federal case in New York.

Dan Zhong wants to hire a private security firm for $144,000 a month to secure his suburban New Jersey home in a way that would convince a court he can’t flee the country.

Prosecutors so far have won the fight to deny Zhong house arrest - in the form of $10 million bail - in part by arguing that his finances are too murky. On Monday, a judge again rejected his bail bid; his lawyers say they’ll appeal.

Zhong has pleaded not guilty to charges accusing him of using immigrants as “slave labor” on construction projects at Chinese diplomatic facilities. He wants to avoid jail while awaiting trial.

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12:50 a.m.

A businessman’s request to pay for his house arrest has renewed the debate over whether the wealthy should be allowed to finance their own private jails.

Dan Zhong has offered to hire a private security firm for $144,000 a month to secure his suburban New Jersey home in a way that would convince a court he can’t flee the country.

The 47-year-old Zhong has pleaded not guilty to charges accusing him of using immigrants as “slave labor” on construction projects at Chinese diplomatic facilities. Like rich defendants in other cases, he wants to use his wealth to avoid languishing in jail while awaiting trial.

Prosecutors have questioned where his money is coming from.

A hearing is set for Monday.

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