List of investors in Bernard L. Madoff Investment Securities
Investors in Bernard L. Madoff Investment Securities LLC lost billions of dollars in the Madoff investment scandal, a Ponzi scheme fraud conducted by Bernard Madoff. The amount missing from client accounts, including fabricated gains, was almost $65 billion.[1] The court-appointed trustee estimated actual losses to investors of $18 billion and some of that money has now been returned.[2]
The 162-page list of clients (without investment amount), filed in U.S. Bankruptcy Court in Manhattan, was made public on February 4, 2009.[3][4][5] Some of the clients profited.[6] Thousands of individual investors of Fairfield Greenwich, Ascot Partners, and Chais Investments are not included.[7]
Several newspapers and news services, including Bloomberg News, The New York Times, and The Wall Street Journal compiled lists of these investors during the first few months of the scandal, including fabricated gains in the amounts lost. These lists may include double-counting; for example, they may count investments by feeder funds into Madoff Securities, as well as investments made into the feeder funds.
| Madoff investor | investor type | potential exposure | source |
|---|---|---|---|
| Fairfield Sentry (Fairfield Greenwich Group) | US investment firm; Madoff feeder fund | $7.5 billion | firm statement/Wall Street Journal (WSJ)[8] |
| Grupo Santander | Spanish bank | $3.5 billion | El Pais |
| Kingate Management | Bermuda hedge fund; Madoff feeder fund | $3.5 billion | Bloomberg |
| Rye Investment Management (Tremont Group) | US hedge fund; Madoff feeder fund | $3.1 billion | WSJ[8] |
| Bank Medici of Austria | Austrian bank | $2.8 billion | Bloomberg |
| Ascot Partners | US hedge fund; Madoff feeder fund | $1.8 billion | WSJ[8] |
| Access International Advisors | US hedge fund; Madoff feeder fund | $1.4 billion | Bloomberg |
| Fortis Bank Nederland | Dutch bank | $1.35 billion | firm statement/WSJ[8] |
| Thema Fund | Irish hedge fund; Madoff feeder fund | $1.1 billion[9][10] | media reports |
| HSBC | British bank | $1 billion | firm statement/WSJ[8] |
| Genevalor Benbassat & Cie | Swiss bank; Madoff feeder fund | $935 million | Le Temps |
| Aurelia Finance | Swiss bank; Madoff feeder fund | $800 million | Le Temps |
| Union Bancaire Privée | Swiss bank | $700 million | WSJ[8] |
| Natixis | French bank | $600 million | Bloomberg |
| Royal Bank of Scotland | British bank | $600 million | published reports |
| Sterling Equities | investment firm | $500 million | New York Post |
| BNP Paribas | French bank | $475.3 million | Bloomberg |
| BBVA | Spanish bank | $404 million | Reuters |
| Fix Asset Management | US alternatives firm | $400 million | firm statement |
| Ruth and Carl J. Shapiro | US individuals | $400 million | WSJ |
| RMF (Man Group) | UK hedge fund | $360 million | firm statement/WSJ[8] |
| Nomura | Japanese broker | $358.9 million | WSJ[8] |
| Reichmuth Matterhorn | Swiss private bank | $330 million | Bloomberg |
| Normal Holdings | $302 million | StreetInsider.com | |
| Pioneer Alternative Investments | Irish alternatives firm | $280 million | Bloomberg |
| Maxam Capital Management | US fund of hedge funds; Madoff feeder fund | $280 million | WSJ[8] |
| J.P. Jeanneret Associates | investment adviser | $250 million | The Post Standard (www.syracuse.com) |
| EIM Group | European bank | $230 million | Le Temps/WSJ[8] |
| Ira Rennert | US individual | $200 million | FINalternatives |
| Bank Austria | Austrian bank | $192.1 million | Der Standard |
| Tremont Capital Management (Tremont Group) | US fund of hedge funds | $190 million | firm statement |
| M&B Capital Advisers | Spanish money manager | $187.9 million | El Mundo |
| Jerome Fisher (Nine West founder) | individual | $150 million | media reports |
| Carl and Ruth Shapiro Family Foundation | charity | $145 million | Boston Globe |
| Yeshiva University | US Jewish university endowment | $140 million | Bloomberg |
| Aozora Bank | Japanese bank | $137 million | WSJ[8] |
| AXA | French insurer | less than $135 million | Reuters |
| Crédit Mutuel | French bank | $124 million | Bloomberg |
| Dexia | Franco-Belgian bank | $106.9 million | firm statement |
| UniCredit | Italian financial firm | $100 million | Bloomberg |
| Hadassah | Jewish charity | $90 million | WSJ[8] |
| Unione di Banche Italiane | Italian bank | $84.9 million | Bloomberg |
| Nordea | Swedish bank | $65 million | Reuters |
| Hyposwiss Private Bank Genève | Swiss private bank | $50 million | Reuters/WSJ[8] |
| Korea Life Insurance Co. | Korean insurer | $50 million | Yonhap News |
| Banque Benedict Hentsch | Swiss private bank | $47.5 million | firm statement |
| Royal Dutch Shell | Anglo-Dutch pension | $45 million | Reuters |
| Great Eastern Holdings | Singapore bank | $43.9 million | Reuters |
| Town of Fairfield, Connecticut | US pension fund | $42 million | WSJ[8] |
| Royal Bank of Canada | Canadian bank | $40.4 million | Globe and Mail |
| Wolosoff Foundation | charity | $38 million | FINalternatives |
| Bramdean Asset Management | asset manager | $31.2 million | WSJ[8] |
| family of Sarah Chew | family office | $30 million | Time |
| Mortimer B. Zuckerman Charitable Remainder Trust (New York Daily News owner's charity) | US charity | $30 million | CNBC |
| Arthur I. and Sydelle F. Meyer Charitable Foundation | charity | $29.2 million | Palm Beach Post |
| Sumitomo Life Insurance Co. | Japanese insurer | $22 million | WSJ[8] |
| Madoff Family Foundation | charity | $19 million | WSJ |
| Los Angeles Jewish Community Foundation | Jewish charity | $18 million | WSJ[8] |
| Foundation for Humanity (Elie Wiesel's charity) | charity | $15.2 million | WSJ[8] |
| America-Israel Cultural Foundation | US-Israeli charity | $15 million | New York Times[11] |
| KSM Capital Advisors | investment firm | $15 million | Indianapolis Business Journal |
| The Phoenix Holdings | Israeli financial services company | $15 million | firm statement |
| Harel Insurance Investments and Financial Services | Israeli insurer | $14.2 million | WSJ[8] |
| Alicia Koplowitz | individual | $13.7 million | Europa Press |
| Groupama | French insurer | $13.6 million | firm statement |
| Société Générale | French bank | less than $13.5 million | Reuters |
| Bâloise | Swiss insurer | $13 million | WSJ[8] |
| Lautenberg Family Foundation | charity | $12.8 million | media reports |
| Credit Agricole | French bank | less than $12.32 million | WSJ[8] |
| Kas Bank | bank | $12.3 million | firm statement |
| Marion and Elie Wiesel | US individuals | $12 million | WSJ |
| Massachusetts Pension Reserves Investment Management | US pension | $12 million | Reuters |
| Mitsubishi UFJ Financial Group | Japanese financial institution | $11 million | Bloomberg |
| Richard Spring | individual | $11 million | WSJ[8] |
| Hampshire County Council | pension | $10.7 million | IPE |
| RAB Capital | hedge fund | $10 million | WSJ[8] |
| Richard Roth | individual | $10 million | FINalternatives |
| United Jewish Endowment Fund | Jewish charity | less than $10 million | JTA |
| Banco Popolare | Italian bank | $9.86 million | WSJ[8] |
| Korea Teachers Pension | Korean pension | $9.1 million | WSJ[8] |
| Robert I. Lappin Charitable Foundation | Jewish charity | $8 million | Washington Post |
| Michael Roth | individual | $7.5 million | FINalternatives |
| Chais Family Foundation | Jewish charity | $7 million | WSJ |
| Jewish Federation of Greater Los Angeles | Jewish charity | $6.4 million | media reports |
| Technion-Israel Institute of Technology | Israeli university | $6.4 million | Globes |
| Vincent Tchenguiz | British individual | $6.3 million | FINalternatives |
| The Ramaz School | Jewish school | $6 million | WSJ[8] |
| Irwin Kellner (named plaintiff on first lawsuit against Madoff) | individual | $6 million | lawsuit |
| Julian J. Levitt Foundation | Jewish charity | $6 million | WSJ |
| North Shore-Long Island Jewish Health System | US pension fund | $5.7 million | WSJ[8] |
| Stony Brook University Foundation | US university endowment | $5.4 million | Bloomberg |
| David Berger | individual | $5 million | FINalternatives |
| Maimonides School (Boston) | Jewish school | $5 million | Bloomberg |
| Neue Privat Bank | Swiss bank | $5 million | WSJ[8] |
| Congregation Kehilath Jeshurun (New York) | synagogue | $3.5 million | WSJ[8] |
| Dorset County Pension Fund | UK pension | $3.5 million | LocalGov.co.uk |
| Caja Madrid | bank | $3.1 million | Cinco Días |
| Clal Insurance | Israeli insurer | $3.1 million | WSJ[8] |
| Merseyside Pension Fund | pension | $3 million | media reports |
| New York Law School | US law school | $3 million | lawsuit |
| Roger Peskin | individual | $3 million | AP |
| Swiss Reinsurance Co. | Swiss reinsurer | $3 million | WSJ[8] |
| Frank Black | investor | less than $3 million | lawsuit |
| Global Specialised Opportunities 1 | Bermuda fund | $2.8 million | fund statement |
| Banca March | bank | $2.7 million | Cinco Días |
| American Friends of Yad Sarah | Jewish charity | $1.5 million | WSJ[8] |
| Caisse des dépôts et consignations | French bank | $1.38 million | Bloomberg |
| Robert and Sarah Chew | individual | $1.2 million | Time |
| SAR Academy (New York) | US school | $1.2 million | Bloomberg News |
| Harold Roitenberg | individual | $1 million | Minneapolis Star-Tribune |
| Ira Roth | US individual | $1 million | WSJ[8] |
| Arnold and Joan Sinkin | individuals | $1 million | The Guardian |
| Steven Abbott | individual | less than $1 million | WSJ |
| Allegretto Fund | hedge fund | $790,000 | firm statement |
| Mediobanca | Italian bank | $671,000 | WSJ[8] |
| Stanford Financial Group | International financial services firm that managed a Ponzi scheme separate from the Madoff Ponzi scheme | $600,000 (£400,000) | The Times |
| Allianz Global Investors | German investment firm | n/a | Citywire |
| Austin Capital Management | fund of hedge funds | n/a | Reuters |
| AWD | financial services provider | n/a | Citywire |
| Kevin Bacon and Kyra Sedgwick (actors) | US individuals | n/a | New York magazine |
| Banesto | Spanish bank | n/a | Reuters |
| Ed Blumenfeld (Long Island real estate developer) | US individual | n/a | Long Island Business News |
| Norman Braman (former Philadelphia Eagles owner) | US individual | n/a | WSJ |
| Chair Family Foundation | charity | n/a | FINalternatives |
| Engelbardt family | family office | n/a | Variety |
| Erste Bank | bank | n/a | Der Standard |
| Fair Food Foundation | charity | n/a | Crain's Detroit Business |
| Leonard Feinstein (Bed Bath & Beyond co-founder) | individual | n/a | Newark Star-Ledger |
| Stephen Fine | individual | n/a | Reuters |
| Barbara Flood | individual | n/a | National Public Radio |
| Avram and Carol Goldberg (Stop n Shop founders) | US individuals | n/a | Reuters |
| Joyce Z. Greenberg | individual | n/a | Houston Chronicle |
| Bank Gutmann AG | bank | n/a | Citywire |
| members of the Hillcrest Country Club (St. Paul, Minn.) | US individuals | n/a | Star-Tribune |
| INTAC Global Preservation Hedge Portfolio (via Rye Investment Management) | fund of hedge funds | n/a | fund documents |
| JEHT Foundation | US charity | n/a | statement |
| Henry Kaufman (former chief economist at Salomon Brothers) | US individual | n/a | WSJ |
| KBC Bank | Belgian bank | n/a | firm statement |
| Sandy Koufax | US individual | n/a | Associated Press |
| Knowsley MBC | pension | n/a | LocalGov.co.uk |
| Rodger Krouse (co-founder of private equity firm Sun Capital Partners, Inc) | US individual | n/a | New York Times[12] |
| Last Atlantis Capital Management | fund of hedge funds | n/a | fund documents |
| Kenneth and Jeanne Levy-Church (donors to Fair Food and JEHT foundations) | individuals | n/a | Jewish Journal |
| Leonard Litwin | US individual | n/a | Bloomberg |
| Liverpool City Council | UK pension | n/a | LocalGov.co.uk |
| LLBW | bank | n/a | Citywire |
| Loeb family | family office | n/a | CNBC |
| Mirabaud | bank | n/a | Le Temps |
| The Moriah Fund | charity | n/a | FINalternatives |
| MorseLife | charity | n/a | Palm Beach Post |
| Notz, Stucki & Cie | bank | n/a | Le Temps |
| members of the Oak Ridge Country Club (Hopkins, Minn.) | US individuals | n/a | Star-Tribune |
| Optimal Investment Services (Grupo Santander) | alternatives firm | n/a | Bloomberg |
| Palm Beach Country Club | US country club | n/a | CNBC |
| Eric Roth (screenwriter) | US individual | n/a | Los Angeles Times |
| St. Helens MBC | UK pension | n/a | LocalGov.co.uk |
| Sefton MBC | UK pension | n/a | LocalGov.co.uk |
| SNS Reaal Groep | financial services firm | n/a | Bloomberg |
| family of former New York Gov. Eliot Spitzer | US individuals | n/a | Clusterstock.com |
| Symphony Fund (via Pioneer Alternative Investments) | fund of hedge funds | n/a | fund documents |
| Jeff Tucker (Stone Bridge horse farm owner, Fairfield Greenwich Group founding partner) | US individual | n/a | WNYT television |
| Thyssen family | family office | n/a | Clusterstock.com |
| UBS | Swiss bank | n/a | Reuters |
| Lawrence Velvel (dean emeritus,[13] Massachusetts Law School) | US individual | n/a | WSJ |
| Wilpon family (New York Mets owner) | family office | n/a | WSJ |
| Wunderkinder Foundation (Steven Spielberg's charity) | charity | n/a | WSJ |
| Louis van Gaal (football manager) | individual | €6 million | De Telegraaf |
References
- ↑ Bray, Chad (March 12, 2009). "Madoff Pleads Guilty to Massive Fraud". The Wall Street Journal. Dow Jones, Inc. Retrieved March 12, 2009.
- ↑ Safer, Morley (September 27, 2009). "The Madoff Scam: Meet The Liquidator". 60 Minutes. CBS News. pp. 1–4. Retrieved September 28, 2009.
- ↑ Affidavit of Mailing, SIPC v. Bernard L. Madoff Investment Securities LLC, No. 08-01789 (Bankr. S.D.N.Y. Feb. 4, 2009).
- ↑ "Madoff Client List" (PDF). Wall Street Journal. Retrieved March 1, 2013.
- ↑ Searcey, Dionne; Efrati, Amir (February 6, 2009). "Madoff Clients Exposed". The Wall Street Journal.
- ↑ "Madoff Client List" (PDF). The Wall Street Journal.
- ↑ Chew, Robert (February 5, 2009). "The Bernie Madoff Client List Is Made Public". Time. Retrieved May 8, 2010.
- 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 "Madoff's Victim List". The Wall Street Journal. March 6, 2009. Retrieved March 1, 2013.
- ↑ Jerome De Lavenere Lussan (2012). The Financial Times Guide to Investing in Funds: How to Select Investments, Assess Managers and Protect Your Wealth. FT Press. Retrieved February 9, 2013.
- ↑ International Currency Review, Volume 34. 2008. Retrieved February 9, 2013.
- ↑ Wakin, Daniel J. (May 21, 2009). "Madoff Loss Hits Art Aid for Young in Israel". The New York Times.
- ↑ New York Times: "In a Romney Believer, Private Equity’s Risks and Rewards" by JULIE CRESWELL January 21, 2012
- ↑ "Dean Emeritus Lawrence Velvel". Massachusetts School of Law. Retrieved 4 February 2016.
External links
- List of banks, individuals, and charities who claimed losses due to Madoff, and dollar amount lost, at New York Times (Retrieved January 24, 2009)
- "List Of Entities Announcing Exposure To Madoff Investments". Wall Street Journal. January 26, 2009. | Last updated March 2009
This article is issued from Wikipedia - version of the 12/2/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.