Thursday, January 08, 2009

Made Off

It'll be really interesting to see how this story plays out.

LONDON (Reuters) - Disgraced U.S. financier Bernard Madoff moved nearly $160 million of his own assets to his British-based firm in 2007, according to company accounts and filings obtained by Reuters on Thursday.

Madoff, accused by U.S. authorities of running a Ponzi scheme for many years in a fraud worth up to $50 billion, moved the assets via the allotment of two sets of new shares in Madoff Securities International Ltd, a British firm he controlled.