Saturday, December 27, 2008

SEC Mum on Madoff Delay

So when does he "escape" to Israel?

"
Prosecutors and defense lawyers may also agree to postpone the court date.... "

Why am I reminded of the
The Israeli spy ring?

What ever happened to that
AIPAC spy trial , 'eh, readers?

"Madoff ordered to show his hand in SEC inquiry" by Erik Larson, Bloomberg News | December 27, 2008

NEW YORK - Investors looking to recoup some of the $50 billion they lost in Bernard L. Madoff's alleged Ponzi scheme may get a better idea what the New York financial adviser has left when he is forced to reveal his assets to regulators.

Madoff, 70, must provide a detailed list of all investments, loans, lines of credit, business interests, brokerage accounts, and other holdings to the Securities and Exchange Commission by New Year's Eve, a federal judge ruled. Madoff's foreign business units were given until Jan. 26 to provide a similar accounting....

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Madoff, who hasn't formally responded to the securities fraud charge, is due in court Jan. 12, unless he is indicted before then. Prosecutors and defense lawyers may also agree to postpone the court date.... SEC spokesman John Nester didn't return a call or e-mail seeking comment after business hours. SEC lawyer Alexander Vasilescu didn't return an e-mail after business hours.

The NYU lawsuit added to a growing list of alleged Madoff victims, including Liliane Bettencourt, the world's wealthiest woman and daughter of L'Oreal SA founder Eugene Schueller; Spanish billionaire Alicia Koplowitz; US filmmaker Steven Spielberg; Nobel laureate Elie Wiesel; and Yeshiva University.

And what is the common denominator? ALL JEWISH!


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