Search for Madoff's Billions Leads to Switzerland, Africa

A spokesman for Clearstream in Luxembourg said there was no record of an account held by Madoff but did not rule out he could have been one of the international "counterparties" authorized to receive funds through Clearstream.

Investigators say they will know more about the possible transfers once the books from Madoff's London office are turned over to authorities.

Asa Eslocker contributed to this report.

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