March 17, 2009 –
There’s a mysterious “Bank Madoff, New York” that U.S. authorities don’t appear to know about. International securities clearing houses move trillions of dollars a year for banks and brokerages and are a natural way for crooks to launder
and hide ill-gotten gains. So it would be natural for investigators to check the paper trails of Madoff accounts in CSDs (central securities depositories) around the world.
They already know about the one listed in the name of “Bernard L. Madoff Investment Securities LLC New York, US broker/dealer.”
But they don’t seem to know about “Bank Madoff, New York.” It appears on a list published by Clearstream, the international clearing and settlement house in Luxembourg. That “bank” has not been publicly mentioned by investigators.
(See the listing on its full page.)