SEC gets Madoff list of assets but won't make them public.
The Bloomberg News (1/2, Scheer, Frank) reports, "The U.S. Securities and Exchange Commission, which sued Bernard Madoff last month for allegedly directing a $50 billion fraud, won't make public a list of his assets filed yesterday, the regulator said." A "Columbia Law School Professor John Coffee told Bloomberg Television, adding that the SEC wants to keep the assets secret to protect them" said, "I think one of the fears here is that much of this money may be in offshore funds." He added, "There is the danger that foreign regulators and foreign creditors may seek to seize that money if the names and sources are made public." While "a federal judge ordered Madoff to provide the SEC an accounting of all investments, loans, lines of credit, business interests, brokerage accounts and other holdings, the court hasn't authorized its public disclosure, said SEC enforcement official Andrew Calamari, who confirmed receipt of the list." The AP (1/1, Bernard, Caruso) also reported the story.
