msnbc.com news services
updated 12/17/2008 11:33:33 AM ET 2008-12-17T16:33:33

The judge in the Bernard Madoff fraud case has set new conditions for his bail, including a curfew and ankle-monitoring bracelet for the disgraced investor.

Madoff (MAY-doff) remains free on bail, with his wife and brother serving as co-signers for his bail package. A hearing had been scheduled for Wednesday in which Madoff was required to find two additional co-signers to vouch for him.

But with the scandal swirling around Madoff, he was unable to find co-signers. So the judge modified the bail package, and gave lawyers until next Monday to come up with additional paperwork.

Madoff was arrested on charges that he carried out what prosecutors say he called a $50 billion Ponzi scheme that has left people in ruin around the globe.

Separately, U.S. Attorney General Michael Mukasey has recused himself from the ongoing Madoff investigation. CNBC reports that Mukasey’s son is a lawyer linked to the investigation.

The Associated Press contributed to this report.

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