I think the restrictions are so severe on the property

Jaffe wassaid to have funneled billions of dollars to MadoffID:nN14476730. The global fallout continued from the purported scandalthat may have bilked as much as $50 billion from the wealthy,charities, universities and banks around the world. A Spanish law firm said it would sue in the United Stateson behalf of investors in Latin America, particularly Mexicans,Brazilians, Venezuelans and Argentines ID:nLE322281. Separately, the law firm also said it was representing agroup of Spanish investors with exposure of 10.5 million eurosto Madoff-related funds and was preparing to seek redress underSpanish law. "All of them had a relationship of trust with financialintermediaries who told them where to place their funds," oneof the firm's partners, Juan Ignacio Peinado, said in thestatement.

SWISS BANK A Swiss bank jolted by the scandal said it conductedrepeated analyses of the hundreds of millions of dollars itinvested with Madoff, contrary to a Wall Street Journalreport. Meanwhile, Ireland's financial regulator is looking intotwo investment funds with exposure to Madoff, including apan-European fund known as UCITS, a spokeswoman said,ID:nLE402759. The minor drama of the day took place in the Manhattancourt, where each appearance by Madoff has been met with amedia frenzy of photographers, TV crews and reporters outsidehis apartment and the courthouse. After listening for an hour to arguments from a prosecutorand Madoff's lawyer, Judge Lawrence McKenna quickly ruled fromthe bench that he was not granting the government's request tojail Madoff. Madoff fleeing at this point are as close tonil as you can get," McKenna said. "I think the restrictions are so severe on the property ...it makes it close to impossible for the defendant to dispose ofanything seriously valuable," he said. Madoff has already been asked to provide an inventory ofportable valuables in his Manhattan apartment.

In his order,McKenna said that should also apply to properties in Montauk,New York; Palm Beach, Florida, and his French residences. 11 arrest forwhat would be the biggest Ponzi scheme in history a fraud inwhich early investors are paid off with the money from newclients. The government has until mid-February to convince a grandjury to bring an indictment against Madoff, a former chairmanof the NASDAQ stock market and a figure for more than 40 yearsin the financial industry. It is not unusual for people accused of white-collar crimesto be offered bail packages, and at this stage of the case,indictments could come at any time, according to legalexperts.

Year of Successes and Difficult Economic Times Spark Generous Incentive PlanTHE COLONY, Texas(Business Wire)Pizza Inn (Nasdaq: PZZI) today announced a new development incentive program fornew and existing franchisees which will make it easier to invest in a new PizzaInn Buffet franchise under the current economic challenges. The program isdesigned to ease start-up costs for new franchise locations during the first twoyears of the restaurants operation. The benefits of the franchise incentive program include 0 royalty for the firstfull year of operation and 2 royalty for the second full year of operation. In addition, existing or newfranchisees can take advantage of discounted franchise fees by signing up forthe chains standard multi-unit restaurant development agreement incentive.Multi-unit agreements under the program will be structured as follows: First Restaurant $25,000 Second Restaurant $18,750 Third Restaurant & More $12,500Pizza Inn officials see the new incentive program as an ideal plan to maximizethe potential for domestic growth of its new buffet prototype restaurant, but italso offers some flexible alternatives for franchisees who may be discouraged bythe current credit crisis.