New York - Bernard Madoff, the high-flying Wall Street investor charged with a 50-billion-dollar fraud, was placed under house arrest on Wednesday.
Madoff, 70, will be required to wear a tracking device and be subject to a curfew, while his wife told the judge she would give up two of her homes if he were to attempt to escape, Bloomberg News reported.
Madoff, a former chairman of the Nasdaq exchange, was arrested last week for running a 50-billion-dollar Ponzi scheme.