Fallen money manager Bernard Madoff is scheduled to submit a list of his personal assets to the Securities and Exchange Commission today, a move which could pave the way for his alleged victims to retrieve some of their money, according to published reports.
The former chairman of New York-based Nasdaq OMX Group Inc., who has been accused by federal prosecutors of orchestrating a $50 billion Ponzi scheme involving numerous individual and institutional investors, was required by a federal judge to provide the SEC with a list of personal assets, including property, by today.
Mr. Madoff also agreed in a previous court hearing to provide the names and locations of entities, bank accounts, brokerage accounts, investments or assets held by the firm he founded, Bernard L. Madoff Investment Securities LLC in New York.
His attorney, Ira Lee Sorkin, confirmed that his client intended to meet the deadline, but declined to say how much of his assets remain, according to published reports.
Shortly before his Dec. 11 arrest, Mr. Madoff told employees he had $200 million to $300 million left, according to an FBI complaint.
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