Made-off Records A Shambles

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Who is surprised? The records in the Made-off case are so unreliable "There are some assets, but I have no idea what the relationships of the assets available are to the claims against them...."
I'm not remotely surprised. Are you?
Add to this the increasing pressure on the SEC to explain itself, particularly given it had reviewed the firm last year and brought no action...
"Senator Dodd is concerned not only about the people caught up in this reported scheme who may have been misled, but how such a massive fraud could have gone undetected..."
...and you have quite a recipe for an entertaining trial, recrimination and general melee phase.
Comfortable seat? Check.
Popcorn? Check.

Madoff's Records 'Utterly Unreliable,' Says SIPC Head
[Bloomberg]

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