LBI SIPA TRUSTEE GOING AFTER AN ADDITIONAL $4.9B that is "Known Shortfalls" LBI SIPA DOCKET #1866
EXHIBIT A
RULE 15C3-3 COMPLIANCE ISSUES
KNOWN SHORTFALLS AMOUNT ($)
Securities in FID Accounts Seized by Chase 629,545,623.00
Cash in FID Accounts Seized by Chase 257,862,000.00
Account Coding Errors (Woodlands) 533,847,208.90
Account Coding Errors (ADP/944), identified by SEC, Trustee, & Barclays 213,514,490.00
Assets Subject to LBIE Administration 438,916,777.07
OCC Deposit1 492,195,460.00
Customer Cash Claimed by LBIE 2,300,000,000.00
Cash Seized During Liquidation of Foreign Money Market Fund Positions 81,617,437.32
TOTAL IDENTIFIED SHORTFALLS $4,947,498,996.29
ITEMS UNDER INVESTIGATION
Overdraft in LBI’s Main Operating Account
Inclusion of Unsecured Debits in Reserve Formula
Customer Securities Included in the Barclays Repo
Assets Detained by Custodians Considered Good Control Locations
Other Reserve Computation Adjustments
Lots of legal wrangling yet to come on this.
Coach T
