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Bernard Madoff is becoming quite the household name. All three newscasts assigned a correspondent to cover the attempt by federal prosecutors to send the disgraced financier to jail. Madoff is suspected of running his $50bn investment fund as a Ponzi scheme but he has not yet been indicted, CNBC's Trish Regan pointed out on NBC, let alone convicted of anything. Prosecutors objected to Madoff's apparent attempts to mail valuables to his relatives but "the government did not demonstrate either a serious risk of flight or obstruction of justice," as CBS' Randall Pinkston reported the court's finding, so, under house arrest and on $10m bail, back to his luxury Manhattan apartment he went. It is filled, so ABC's Sharyn Alfonsi (embargoed link) assured us, "with millions of dollars in artwork, jewelry and priceless vintage watches."
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