Replies to post #398 on Bernard Madoff $50 Billion Ponzi Scheme

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United States v. Bernard L. Madoff

http://www.usdoj.gov/usao/nys/madoff.html

U.S. v. Bernard L. Madoff, 08 Mag. 2735. On December 11, 2008, Bernard L. Madoff was arrested on a criminal complaint alleging one count of securities fraud. On December 11, 2008, the Securities and Exchange Commission brought a civil action against Mr. Madoff, and filed a motion to freeze certain assets and to appoint a receiver. On December 12, 2008, U.S. District Judge Louis L. Stanton entered an order: (1) appointing a receiver (Lee S. Richards, Esq.) over Bernard L. Madoff Investment Securities LLC, Madoff Securities International Ltd., and Madoff Ltd.; and (2) freezing certain corporate and personal assets. On December 15, 2008, a trustee (Irving H. Picard, Esq.) was appointed for the liquidation of Bernard L. Madoff Investment Securities LLC, pursuant to the Securities Investor Protection Act of 1970. At the moment, we understand that the receiver will be posting information about its activities at www.madoff.com, and the trustee will be posting information about its activities at www.sipc.org. Investors and/or victims should consult those websites for additional information.

Investors are requested to gather any documents that they have concerning their investments with Mr. Madoff and his companies, and to regularly check this website, the receiver's website, the trustee's website, and the SEC website (www.sec.gov) for information about developments in this investigation and further instructions on how to provide information to the pertinent authorities.

In addition, the FBI has set up a hot line number, [phone], for victims to call and leave their contact information.

We know that investors are anxious to learn whatever they can about the status of their investments and the assets of the Madoff companies. Although we cannot provide further details at this time, please be assured that all those involved are working diligently to investigate this matter and to locate and preserve assets that can be used for restitution to defrauded investors.
Links to the Criminal Complaint, to the December 12, 2008, Order Freezing Assets and Granting Other Relief in the SEC's civil action, and to the order appointing the trustee are provided by clicking the appropriate link.

http://www.usdoj.gov/usao/nys/madoff.html