http://business.smh.com.au/business/madoffs-assets-to-be-kept-secret-20090101-78f7.html
A federal judge ordered Madoff to provide the commission with an account of all investments, loans, lines of credit, business interests, brokerage accounts and other holdings. The court
did not authorise its public disclosure, said a commission spokesman, Andrew Calamari, who confirmed receipt of the list.
"I think one of the fears here is that much of this money may be in offshore funds," said Professor John Coffee, of Columbia Law School, adding the commission wanted to keep the assets secret to protect them. "There is the danger that foreign regulators and foreign creditors may seek to seize that money if the names and sources are made public."
However the Wayne Madsen Report comments:
Here is one secret: Much of Madoff's loot is sitting in Israeli banks. It has been reported to WMR that Israeli restaurants and stores are packed with people and that Israelis are flush with money with Israeli banks sitting in favorable financial positions. Now compare Israel to the United States, Britain, and the harder hit nations of Iceland, Ireland, and Latvia. It does not take a financial wizard to figure out where the world's money has gone and to whom.
http://www.waynemadsenreport.com/
A federal judge ordered Madoff to provide the commission with an account of all investments, loans, lines of credit, business interests, brokerage accounts and other holdings. The court
did not authorise its public disclosure, said a commission spokesman, Andrew Calamari, who confirmed receipt of the list.
"I think one of the fears here is that much of this money may be in offshore funds," said Professor John Coffee, of Columbia Law School, adding the commission wanted to keep the assets secret to protect them. "There is the danger that foreign regulators and foreign creditors may seek to seize that money if the names and sources are made public."
However the Wayne Madsen Report comments:
Here is one secret: Much of Madoff's loot is sitting in Israeli banks. It has been reported to WMR that Israeli restaurants and stores are packed with people and that Israelis are flush with money with Israeli banks sitting in favorable financial positions. Now compare Israel to the United States, Britain, and the harder hit nations of Iceland, Ireland, and Latvia. It does not take a financial wizard to figure out where the world's money has gone and to whom.
http://www.waynemadsenreport.com/
