PARIS, Dec. 24 (Chinese media) -- The association of small investors in France on
Wednesday urged the government to disclose the list of foundations connected to
Bernard Madoff's alleged multibillion-dollar Ponzi scheme.
It asked the French Financial Markets Authority (AMF) on Mondayfor details
on the foundations linked to Madoff, the former chairman of the Nasdaq stock
market now accused of fraud.
The AMF declined the request, saying it was not its responsibility to
publicize such information.
The association has turned to the Financial Ministry for help. It said that
many small investors, who feared they may have fallen victim to the Madoff
scheme, have complained about a lack of access to necessary information
concerning their money.
The AMF announced last Wednesday that small investors in France could lose
up to 500 million euros (700 million U.S. dollars) in the Madoff scheme, where
new investors were secretly fleeced to pay returns to earlier investors.
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