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Bernie Madoff was placed under house arrest until his trial due to the nature and scale of his Ponzi scheme, which defrauded investors of billions of dollars. Authorities believed that he posed a flight risk, given the severity of the charges and the potential sentences he faced. House arrest served as a means to ensure he remained available for legal proceedings while allowing for some degree of supervision. Ultimately, Madoff's actions had a profound impact on many investors and the financial industry as a whole.

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