Friday, 27 February 2015
Last updated 6 hours ago
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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…