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Steven Palladino, accused in Ponzi scheme, posts $250,000 bail

Steven Palladino, a West Roxbury man accused of running a multimillion-dollar Ponzi scheme with his wife, posted $250,000 cash bail Tuesday, a day after pleading not guilty at his Suffolk Superior Court arraignment to a litany of charges related to the alleged scheme, said a spokesman for the Suffolk Sheriff’s Department. Palladino was being held at the Nashua Street Jail, said spokesman Peter Van Delft. The conditions of Palladino’s bail require him to wear a GPS ankle bracelet, surrender his passport, and not travel outside Massachusetts without the court’s permission.

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