U.S. citizen gets house arrest

A judge on Tuesday released a New York businessman and granted him house arrest while authorities finish investigating his money laundering case. Jacob Ostreicher, 54, spent 18 months in jail without being charged despite strong evidence that he was fleeced and extorted by corrupt prosecutors. Ostreicher hugged his wife and his lawyers after hearing the ruling. Ostreicher was never charged with any crime, and the people who led his prosecution are now themselves in jail, accused of belonging to a shakedown ring that authorities say preyed on people deemed to have deep pockets.