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Archive for the ‘Documents’ Category

Madoff Customer Claim Instructions

In Documents on January 8, 2009 at 11:30 pm

Click here for the upate instructions

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Updated Madoff.com

In Documents, Helpful Information on January 8, 2009 at 11:27 pm

http://www.madofftrustee.com/ Is now updated with a lot more information

On December 15, 2008, the Honorable Louis L. Stanton, a Federal Judge in the United States District Court for the Southern District of New York, appointed Irving Picard as Trustee for the liquidation of Bernard L. Madoff Investments Securities LLC (“BLMIS”) pursuant to the Securities Investor Protection Act (“SIPA”) as set forth in the attached order. LINK

Mr. Picard supersedes Lee S. Richards, the previously appointed Receiver for BLMIS and all claims by customers of BLMIS will be processed by Mr. Picard as SIPA Trustee.

On December 23, 2008 the bankruptcy court entered an order authorizing the Trustee to mail customer claim packages and other claim information and to publish notice of the SIPA proceeding on or before January 9, 2009. That order also fixed February 20, 2009 as the date for a meeting of creditors. LINK

Beginning January 2, claims packages were mailed to investors/customers, broker-dealers, and general creditors. Claim forms and related materials are available for downloading on this site LINK and at SIPC.ORG. You may also request a copy via mail by providing your name, street address, and telephone number to 888-727-8695, or click here to submit a request for a Claims Package.

Claims will be determined by the Trustee and a written determination of any “customer” claim will be mailed by the Trustee to the claimant. To be allowed under the Securities Investor Protection Act, a “customer” claim must be supported by the books and records of BLMIS or otherwise established to the satisfaction of the Trustee.

Mr. Richards continues to serve as Receiver for Madoff Securities International Ltd. pursuant to the attached order. LINK

The Trustee Irving Picard has engaged Lazard Frères & Co. LLC to assist in the sale of the market making and proprietary trading operations of Bernard L. Madoff Investment Securities LLC.

Should you have further questions, please contact the Trustee at the following number: 888-727-8695, or via email at Email General Questions.

SIPC Papers and Deadlines

In Documents on January 3, 2009 at 4:35 pm

Claim forms were mailed to all customers on January 2, 2009, and are available at www.madofftrustee.com.

http://www.sipc.org/cases/sipccasesopen.cfm

Claim forms may also be downloaded below, but ALL CLAIMS MUST BE FILED WITH THE TRUSTEE (not with SIPC).

Publication Date: January 2, 2009
Customer Claim Deadline: March 4, 2009
Deadline for All Claims: July 2, 2009
Claims forms must be filed by mail to: Irving H. Picard, Esq.,
Trustee for Bernard L. Madoff Investment Securities LLC
Claims Processing Center
2100 McKinney Ave., Suite 800
Dallas, TX 75201
Contact information, for questions regarding the claims: US: (888) 727-8695

SIPC Update; C-SPAN

In Documents, Helpful Information on January 3, 2009 at 2:49 am

Here is some updated information:

Monday at 2pm (ET)  on C-SPAN House Financial Services Hearing on Madoff Investment Scam Investigation

NY Times Article; SIPC update
http://www.nytimes.com/2009/01/03/business/03madoff.html?_r=1&ref=business

Mr. Picard was named bankruptcy trustee at the request of the Securities Investor Protection Corporation, the federal agency that oversees the liquidation of failed brokerage firms. On Friday, he sent SIPC claims applications to every customer who had an open account at Madoff within 12 months of the bankruptcy filing, regardless of when the customer last made a deposit or withdrawal.

Even an investor who closed a Madoff account during the last year should be on the mailing list, he said.

People who believe they had a Madoff account but who do not get a claims package can print out the documents from the trustee’s Web site, madofftrustee.com, or from the SIPC site, sipc.gov.

Victims

In Documents, General Information, Helpful Information on December 30, 2008 at 1:07 pm

Please make sure you have registered with the FBI Victim Assistance Program and with SIPC (www.madoff.com) has the details.

The FBI victim assistance program is looking for people; Laura Riso; laura.riso@ic.fbi.gov 212 384 2564; She emailed me: “If there are any other Madoff investors that wish to have their information included in the Victim Notification System, a joint system between the FBI and United States Attorney’s Office, kindly please advise them to send their name, address, phone number, and any supporting documents that show they were a victim in the Madoff case to:
Attn: Victim Assistance Program
26 Federal Plaza
23rd Floor
NY, NY 10278
Here are some links as well:
http://www.ojp.usdoj.gov/ovc/publications/infores/fraud/rrr/rrrpdf.pdf (very good handbook for financial fraud victims navigating the federal criminal justice system)
http://apps.irs.gov/pub/irs-pdf/p1546.pdf (Taxpayer Advocacy Services)”

Docket Blog

In Documents, Helpful Information on December 29, 2008 at 12:46 am

A blog that lists the docket reports of some of the federal legal actions currently pending against Madoff as I think that this provides valuable information and updates that are not otherwise accessible. http://madoffdocket.blogspot.com/

Proskauer Transcript

In Documents on December 19, 2008 at 4:25 pm

Replay and Transcript of the Proskauer Rose conf call. Informative on the tax, securities and recovery concepts.

I think is worth reading and or listening to so that you may discuss with your professionals.
http://www.proskauer.com/seminars_events/seminars/data/003942

Nov 2005 submission to the SEC

In Documents on December 18, 2008 at 8:54 pm

http://online.wsj.com/documents/Madoff_SECdocs_20081217.pdf