Mr. Madoff himself has little need for his firm’s fleet of vehicles. The disgraced financier, who is accused of running a $50 billion Ponzi scheme, remains under 24-hour house arrest in his luxury Manhattan penthouse while he awaits trial.
Mr. Picard has been trying to identify the assets of the firm, Bernard L. Madoff Investment Securities, which could then be sold with the proceeds going to victims of the reputed Ponzi scheme. So far, the trustee has identified about $860 million of the firm’s assets.
Mr. Madoff’s trading platform, which was once one of the largest market makers on the Nasdaq Stock Market, is also being shopped by the investment bank Lazard Frères .
In a statement Thursday, lawyers for Mr. Picard said the sale process “has drawn intensive interest from various well-known members of the financial industry.” The trustee said he hopes to file a motion to approve a sale of the firm “in the near future.”
Lawyers for Mr. Picard also asked the bankruptcy court to give the trustee another until May 1 to reject or accept the Madoff firm’s outstanding leases and contracts. The filing noted that the trustee’s “access to the debtor’s offices and books and records has been limited” and that it needed more time to examine the relevant records.