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Tuesday, January 13, 2009
Madoff Associate Misses Mass. Agency Hearing
Associated Press
BOSTON--An associate of accused Ponzi mastermind Bernard Madoff has failed to appear before the Massachusetts Securities Division despite being issued a subpoena.
Officials want to learn more about what Robert Jaffe might have known about Madoff's alleged $50 billion scheme and how it affected Massachusetts investors.
Jaffe, who keeps homes in Weston and Palm Beach, Fla., worked for a firm that helped steer clients to Madoff. Jaffe has said he was unaware of the scheme and said he and his families were victims.
A spokesman for Secretary of State William Galvin said he didn't know why Jaffe failed to appear Tuesday. The division is deciding its next step.
A call to Jaffe's home wasn't immediately returned Tuesday.
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