Ex-Madoff CFO Seeks Bail

" Jail or will be jail for Bernie Madoff ex CFO frank. The government wants him released to help assist investigators. Adam -- outside the federal courthouse in lower Manhattan with the very latest on this twist out of."

" We'll just remind you mr. deepest golly it was Bernie Madoff number two guy for almost three decades and according to his admission that he -- already pled guilty to ten charges in the Ponzi scheme. It is admission he said he became aware of the fraud in the late 1980s. At the time he pled guilty back in August the judge mister Sullivan. Decided to send him to jail no bail for mr. deepest -- despite a request from the US government. Allow mr. -- to remain free under supervision obviously. For about eight years that he could assist prosecutors and putting the case together that's part of it to his admission that to -- Ghali said at that time in this the quote. Bernie Madoff knew that I knew and that other people knew. I knew what was happening with criminal and I did it anyway. The judge told mr. Davis -- at that time that -- that many years to do the right thing I could think about that while he was in jail. Now the government is asking for him to be released on ten million dollars bail which should be secured by just about every -- he has including his house. Its sister who worked at JPMorgan Chase would be also securing part of this -- at -- granted that he could help. We -- The prosecution of others who have yet to be charged. For a plot -- when this hearing wolf again victims of mister Madoff. We'll be allowed to address the court one at that has sent a letter Larry -- The lives out of -- said there's absolutely no reason to let -- out on bail. Whatever he was going to tell the authorities he should have done so why would you let them blackmail the authorities with -- information he may have. The information that mr. -- Bali has is crucial to the prosecution. Quote. Others and -- a source close to all of this has said in the past that mr. deepest valley can offer information about quote the others who were in on the game. So those mistakes as we had recorded for yeah. Brian back to you all right Adam Shapiro. "