Bernard Madoff Scandall Victims List

Blain Reinkensmeyer

Posted on Mon 15th Dec, 2008 04:54:33 PM

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The Bernard Madoff scandall has caused an uproar within the investment world as the once well respected and trusted fund manager has confessed to a $50 Billion ponzi scheme. The list of people and charities Bernie has unfortunately taken advantage is long and consistently growing with big names such as Steven Spielberg.

Below we have 28 of the many people, institutions, and nonprofits that have been scammed by Bernard Madoff.

Total reported losses are listed next to each name; nonprofits are underlined.

• Fairfield Greenwich Group. $7.3 Billion
• Santander. $3.1 Billion
• Kingate Management. $2.8 Billion
• J. Ezra Merkin (GMAC LLC Chairman). $1.8 Billion
• Tremont Capital. $1 Billion+
• HSBC. $1 Billion
• Pioneer Investments. $835 Million
• Fix Asset Management. $400 Million
• Man Group’s RMF Division. $350 Million
• Maxam Capital Management LLC. $280 Million
• EIM Group. $200 Million
• Shapiro Family Foundation (Carl and Ruth). $145 Million
• Sterling Equities.
• Palm Beach Country Club.
• Leonard Feinstein (co-founder of Bed Bath & Beyond).
• Richard Spring. $11 Million
• Elie Wiesel’s Foundation For Humanity. $10 Million
• Banque Benedict Hentsch. $47.5 Million
• Mort Zuckerman (Owner, NY Daily News).
• Unicredit.
• Sen. Frank Lautenberg.
• Robert Lappin Foundation. $8 Million
• Wunderkinder Foundation (A Steven Spielberg Charity).
• Swiss Private Bank Reichmuth & Co.
• UBS.
• Saul Katz (co-owner New York Mets).
• Fairfield County, Connecticut.
• The Boston Globe.

Read full list as its updated on Clusterstock.

Source:
Bernie Madoff’s Victims: The List
Henry Blodget, Clusterstock
December 14th, 2008