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To: dvdw© who wrote (2815)	12/16/2008 4:19:15 PM
From: dvdw©	Read Replies (1) \| Respond to of 3821

From: dvdw© 12/16/2008 4:09:23 PM of 4060 Will anyone be surprised to see this headline? Madoff’s Records ‘Utterly Unreliable,’ Says SIPC Head (Update5) Email \| Print \| A A A By Jesse Westbrook and Allan Dodds Frank Dec. 16 (Bloomberg) -- Bernard Madoff’s financial records were “utterly unreliable” and will take six months to sort out, said Stephen Harbeck, president of the Securities Investor Protection Corp. “There are some assets, but I have no idea what the relationships of the assets available are to the claims against them,” Harbeck said on Bloomberg Television. “The records are utterly unreliable on this case.” His comments came as Bank Medici AG of Austria became the latest lender to reveal a loss from Madoff’s alleged $50 billion fraud. Two funds at the Viennese bank, 75 percent owned by Chairman Sonja Kohn, invested $2.1 billion entirely in Madoff’s firm, the bank said today. Other victims included institutions and wealthy individuals from Tokyo to Paris. New York’s Yeshiva University said it lost $110 million, mostly through hedge funds controlled by trustee J. Ezra Merkin. full article at link... bloomberg.com