Another Growing Field: ‘Bail Sitters’

Welcome back, everyone! We hope you are enjoying the holidays! To begin the new week, we’d like to highlight an interesting article by Alan Feuer from yesterday’s New York Times that talks about a growing industry: companies that monitor – closely monitor – those charged with financial fraud or other white collar crimes, allowing them to stay out of jail on bail. These “bail sitters” have been used for Madoff, Dreier and, according to the article, financier David Brooks after he was indicted on a fraud charge in 2006, among others. 

The article is available online at http://www.nytimes.com/2009/12/27/nyregion/27bail.html?_r=1&adxnnlx=1261913613-UZrdQPdwjuAp90jMPHTThQ&pagewanted=all.