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Judge allows Madoff to remain free on bail

(Reuters) - A U.S. magistrate judge on Monday, has allowed Bernard Madoff to remain free on bail.

Highlights:

* U.S. magistrate judge demands madoff inventory of all portable valuable items

* The court finds that "the government has failed to meet its burden" as to

Madoff flight risk or danger to the community

* Judge says all outgoing Madoff mail will be checked to ensure no property

transferred

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