Bernard Madoff, president and founder of Bernard L. Mandoff [Getty Images]

UNITED STATES - JANUARY 05: Bernard Madoff, president and founder of Bernard L. Mandoff Investment Securities LLC, walks out of Manhattan federal court in New York, U.S., on Monday, Jan. 5, 2009. Madoff, awaiting trial for securities fraud, remained free on bail while a federal judge considered a request by prosecutors to send him to prison for mailing $1 million of valuables in violation of an asset freeze. (Photo by Jin Lee/Bloomberg via Getty Images)

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