Madoff To Disclose Personal Assets To SEC

Dec 31 2008 | 11:22am ET

Victims of Bernard Madoff’s alleged $50 billion Ponzi scheme may soon get some answers as to how much money, if any, they’ll be able to collect from the disgraced former Nasdaq stock market chairman.

Madoff is reportedly scheduled to submit a list of his personal assets to the Securities and Exchange Commission today. The list will include investments, loans, lines of credit, business interests, brokerage accounts and other holdings. However, one item that won’t make the filing is a $10,000 statue depicting life guards that was reported stolen from Madoff’s estate in Florida earlier this week.

In an interview, Madoff's lawyer, Ira Lee Sorkin, said that his client will meet the filing deadline.

In the weeks since his arrest, a number of clients including Yeshiva University, actors Kevin Bacon and Kyra Sedgwick, and former Salomon Brothers chief economist Henry Kaufman have added their names to the long list of victims defrauded in the alleged Ponzi scheme.


In Depth

'Smart Beta' Funds In Regulators' Sights, Hedgies May Be Next

Mar 26 2015 | 11:11am ET

Funds that mimic strategies used by active managers for a fraction of the cost could...

Lifestyle

Study: Both Marriage and Divorce Lead to Negative Hedge Fund Performance

Mar 25 2015 | 6:51pm ET

Trouble at home leads to trouble in the market for fund managers, according to researchers...

Guest Contributor

The Life Settlement: Yield For The Investor And Cash For The Consumer

Mar 31 2015 | 6:48am ET

Investors are languishing in a yield-starved, low-interest rate environment, looking...

 

Sponsored Content

    Mar 9 2015 | 6:35am ET

    Kelly RodriquesKelly RodriquesAs more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…

Editor's Note