Search for Bernie Madoff's billions leads to Switzerland, Africa.

One trail involves secret accounts set up in Switzerland and at an obscure bank in Africa, investigators and lawyers in the case told ABC News.

The investigators and lawyers also tell ABC News that Madoff may have used the name of a dead client, Norman Levy, as well as the prominent Picower Foundation to disguise transfers of more than $10 billion to secret accounts he set up overseas.

A lawyer who represents both the Levy family and the Picower Foundation, William Zabel, said neither had ever received a $5 billion disbursement or anything close to that amount.

In fact, Zabel said, both families lost millions invested with Madoff. The Picower Foundation and a foundation now run by Levy's family were both forced to close because of their losses.

Read on.

And this:

Madoff May Have Used European Clearing House to Move Money

Investigators, who declined to be named because they were not authorized to speak publicly, said Madoff may have moved money through a European clearing house, Clearstream, Inc.

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.