List of investors in Bernard L. Madoff Investment Securities

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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, over two thirds of which were fabricated gains, was almost $65 billion. [1] The court-appointed trustee Irving Picard estimated actual losses to investors at $18 billion, and much of that money has been returned. [2]

The 162-page list of clients (without investment amount), filed in United States 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, J. Ezra Merkin's Ascot Partners, and Chais Investments are not included. [7]

Several newspapers and news services, including Bloomberg News , The New York Times (NYT), and The Wall Street Journal (WSJ), 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 investorInvestor typePotential exposureSource
Fairfield Sentry (Fairfield Greenwich Group)US investment firm; Madoff feeder fund $7,500 million(firm statement) WSJ [8]
Grupo Santander Spanish bank$3,500 million El País
Kingate Management Bermuda hedge fund; Madoff feeder fund$3,500 millionBloomberg
Rye Investment Management (Tremont Group)US hedge fund; Madoff feeder fund$3,100 millionWSJ [8]
Bank Medici of AustriaAustrian bank$2,800 millionBloomberg
Ascot Partners US hedge fund; Madoff feeder fund$1,800 millionWSJ [8]
Access International Advisors US hedge fund; Madoff feeder fund$1,400 millionBloomberg
Fortis Bank Nederland Dutch Bank $1,350 millionfirm statement; WSJ [8]
Thema Fund Irish hedge fund; Madoff feeder fund$1,100 millionmedia reports[ citation needed ]
HSBC British bank$1,000 millionfirm statement; WSJ [8]
Genevalor Benbassat & Cie Swiss bank; Madoff feeder fund$935 million Le Temps
Aurelia Finance Swiss bank; Madoff feeder fund$800 millionLe Temps
Union Bancaire Privée Swiss bank$700 millionWSJ [8]
Natixis French bank$600 millionBloomberg
Royal Bank of Scotland British bank$600 millionmedia reports[ citation needed ]
Sterling Equities investment firm$500 million New York Post
BNP Paribas French bank$475.3 millionBloomberg
BBVA Spanish bank$404 million Reuters
Fix Asset ManagementUS alternatives firm$400 millionfirm statement
Ruth and Carl J. Shapiro US individuals$400 millionWSJ
RMF (Man Group)UK hedge fund$360 millionfirm statement; WSJ [8]
Nomura Japanese broker$358.9 millionWSJ [8]
Reichmuth Matterhorn Swiss private bank$330 millionBloomberg
Normal Holdings$302 millionStreetInsider.com
Pioneer Alternative InvestmentsIrish alternatives firm$280 millionBloomberg
Maxam Capital ManagementUS fund of hedge funds; Madoff feeder fund$280 millionWSJ [8]
J.P. Jeanneret Associatesinvestment adviser$250 million The Post Standard (www.syracuse.com)
EIM GroupEuropean bank$230 millionLe Temps/WSJ [8]
Ira Rennert US individual$200 millionFINalternatives
Bank Austria Austrian bank$192.1 million Der Standard
Ulatan Holdings Inc (UGI Capital Fund)Family Office Holdings$191.6 millionWSJ [8]
Tremont Capital Management (Tremont Group)US fund of hedge funds$190 millionfirm statement
M&B Capital AdvisersSpanish money manager$187.9 million El Mundo
Jerome Fisher (Nine West founder)individual$150 millionmedia reports[ citation needed ]
Carl and Ruth Shapiro Family Foundationcharity$145 million The Boston Globe
Yeshiva University US Jewish university endowment$140 millionBloomberg
Aozora Bank Japanese bank$137 millionWSJ [8]
Axa French insurerless than $135 millionReuters
Crédit Mutuel French bank$124 millionBloomberg
Dexia Franco-Belgian bank$106.9 millionfirm statement
UniCredit Italian financial firm$100 millionBloomberg
Hadassah Jewish charity$90 millionWSJ [8]
Unione di Banche Italiane Italian bank$84.9 millionBloomberg
Nordea Swedish bank$65 millionReuters
Hyposwiss Private Bank Genève Swiss private bank$50 millionReuters; WSJ [8]
Korea Life Insurance Co. Korean insurer$50 million Yonhap News
Banque Benedict HentschSwiss private bank$47.5 millionfirm statement
Royal Dutch Shell Anglo-Dutch pension$45 millionReuters
Almus CapitalUS Family Office$42.4 millionReuters
Town of Fairfield, Connecticut US pension fund$42 millionWSJ [8]
Royal Bank of Canada Canadian bank$40.4 million The Globe and Mail
Wolosoff Foundationcharity$38 millionFINalternatives
Bramdean Asset Managementasset manager$31.2 millionWSJ [8]
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 Foundationcharity$29.2 million The Palm Beach Post
Chris Lighty individual$23 millionBoston Herald
Sumitomo Life Insurance Co. Japanese insurer$22 millionWSJ [8]
Madoff Family FoundationBernard Madoff's Charity$19 millionWSJ
Los Angeles Jewish Community FoundationJewish charity$18 millionWSJ [8]
Foundation for Humanity (Elie Wiesel's charity)charity$15.2 millionWSJ [8]
America-Israel Cultural Foundation US-Israeli charity$15 millionNYT [9]
KSM Capital Advisorsinvestment firm$15 million Indianapolis Business Journal
The Phoenix HoldingsIsraeli financial services company$15 millionfirm statement
Harel Insurance Investments and Financial Services Israeli insurer$14.2 millionWSJ [8]
Alicia Koplowitz individual$13.7 million Europa Press
Groupama French Insurer$13.6 millionfirm statement
Société Générale French bankless than $13.5 millionReuters
Bâloise Swiss insurer$13 millionWSJ [8]
Lautenberg Family Foundationcharity$12.8 millionmedia reports
Crédit Agricole French bankless than $12.32 millionWSJ [8]
KAS Bankbank$12.3 millionfirm statement
Marion and Elie Wiesel US individuals$12 millionWSJ
Massachusetts Pension Reserves Investment ManagementUS pension$12 millionReuters
Mitsubishi UFJ Financial Group Japanese financial institution$11 millionBloomberg
Hampshire County Councilpension$10.7 millionIPE
PWA Asset Holding Joint TrustUS individual$10.5 millionWSJ
United Jewish Endowment FundJewish charityless than $10 million JTA
Banco Popolare Italian bank$9.86 millionWSJ [8]
Korea Teachers PensionKorean pension$9.1 millionWSJ [8]
Robert I. Lappin Charitable Foundation Jewish charity$8 million The Washington Post
Chais Family FoundationJewish charity$7 millionWSJ
Jewish Federation of Greater Los AngelesJewish charity$6.4 millionmedia reports[ citation needed ]
Technion – Israel Institute of Technology Israeli university$6.4 millionGlobes[ citation needed ]
Vincent Tchenguiz British individual$6.3 millionFINalternatives
The Ramaz School Jewish school$6 millionWSJ [8]
Irwin Kellner (named plaintiff on first lawsuit against Madoff)individual$6 millionlawsuit[ citation needed ]
Julian J. Levitt FoundationJewish charity$6 millionWSJ
North Shore-Long Island Jewish Health System US pension fund$5.7 millionWSJ [8]
Stony Brook University FoundationUS university endowment$5.4 millionBloomberg
Maimonides School (Boston)Jewish school$5 millionBloomberg
Neue Privat BankSwiss bank$5 millionWSJ [8]
Congregation Kehilath Jeshurun (New York)synagogue$3.5 millionWSJ [8]
Dorset County Pension FundUK pension$3.5 millionLocalGov.co.uk
Almus Real Estate Investmentsindividual$3.4 millionfirm statement
Clal InsuranceIsraeli insurer$3.1 millionWSJ [8]
New York Law School US law school$3 millionlawsuit[ citation needed ]
Swiss Reinsurance Co. Swiss reinsurer$3 millionWSJ [8]
Global Specialised Opportunities 1Bermuda fund$2.8 millionfund statement
Larry King U.S. individual$2.8 million GQ [10]
Banca March Spanish Bank$2.5 millionCinco Días
American Friends of Yad Sarah Jewish charity$1.5 millionWSJ [8]
Caisse des dépôts et consignationsFrench bank$1.38 millionBloomberg
SAR Academy (New York)US school$1.2 millionBloomberg News
Harold Roitenberg US individual$1 millionMinneapolis Star-Tribune
Allegretto FundHedge fund$790,000firm statement
Mediobanca Italian bank$671,000WSJ [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 InvestorsGerman investment firmn/aCitywire
Austin Capital Managementfund of hedge fundsn/aReuters
AWDfinancial services providern/aCitywire
Kevin Bacon and Kyra Sedgwick (actors)US actorsn/aNew York magazine [11]
Banesto Spanish bankn/aReuters
Ed Blumenfeld (Long Island real estate developer)US individualn/aLong Island Business News
Norman Braman (former Philadelphia Eagles' owner)US individualn/aWSJ
Chair Family FoundationUS charityn/aFINalternatives
Erste Bank Austrian bankn/aDer Standard
Fair Food FoundationUS charityn/aCrain's Detroit Business
Leonard Feinstein (Bed Bath & Beyond co-founder)US individualn/aNewark Star-Ledger
Avram and Carol Goldberg (Stop n Shop founders)US individualsn/aReuters
Joyce Z. Greenberg (donor to Jewish cultural programs)individualn/aHouston Chronicle
Bank Gutmann AGAustrian bankn/aCitywire
members of the Hillcrest Country Club (Saint Paul, Minnesota)US clubn/aStar-Tribune
INTAC Global Preservation Hedge Portfolio (via Rye Investment Management)fund of hedge fundsn/afund documents[ citation needed ]
JEHT FoundationUS charityn/afoundation statement
Henry Kaufman (former chief economist at Salomon Brothers)US individualn/aWSJ
KBC Bank Belgian bankn/afirm statement
Sandy Koufax US individualn/aAssociated Press [12]
Knowsley MBCpublic sector pensionn/aLocalGov.co.uk
Rodger Krouse (co-founder of private equity firm Sun Capital Partners)US individualn/aThe New York Times [13]
Last Atlantis Capital Managementfund of hedge fundsn/afund documents
Leonard Litwin US individualn/aBloomberg
Liverpool City Council UK pensionn/aLocalGov.co.uk
LLBWGerman bankn/aCitywire
Mirabaud bankn/aLe Temps
The Moriah Fundcharityn/aFINalternatives
MorseLifecharityn/aPalm Beach Post
Notz, Stucki & CieSwiss bankn/aLe Temps
Members of the Oak Ridge Country Club (Hopkins, MN)US individualsn/aStar-Tribune
Optimal Investment Services (Grupo Santander)alternatives firmn/aBloomberg
Palm Beach Country ClubUS country clubn/aCNBC
Eric Roth (screenwriter)US individualn/aLos Angeles Times
St. Helens MBCUK pensionn/aLocalGov.co.uk
Sefton MBCUK pensionn/aLocalGov.co.uk
SNS Reaal GroepDutch financial services firmn/aBloomberg
Family of former New York Governor Eliot Spitzer US individualsn/aClusterstock.com
Symphony Fund (via Pioneer Alternative Investments)fund of hedge fundsn/afund documents
Jeff Tucker (Stone Bridge horse farm owner, Fairfield Greenwich Group founding partner)US individualn/aWNYT television
Thyssen family family officen/aClusterstock.com
UBS Swiss bankn/aReuters
Lawrence Velvel (Dean Emeritus, [14] Massachusetts Law School)US individualn/aWSJ
Wilpon family (New York Mets owner)family officen/aWSJ
Wunderkinder Foundation (Steven Spielberg's charity)charityn/aWSJ
Shusaku Arakawa and Madeline Gins US couplen/aWSJ [15]

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References

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  2. Safer, Morley (September 27, 2009). "The Madoff Scam: Meet The Liquidator". 60 Minutes . CBS News. pp. 1–4. Archived from the original on January 2, 2013. Retrieved September 28, 2009.
  3. Affidavit of Mailing, SIPC v. Bernard L. Madoff Investment Securities LLC, No. 08-01789 (Bankr. S.D.N.Y. Feb. 4, 2009).
  4. "Madoff Client List" (PDF). The Wall Street Journal. Retrieved March 1, 2013.
  5. Searcey, Dionne; Efrati, Amir (February 6, 2009). "Madoff Clients Exposed". The Wall Street Journal.
  6. "Madoff Client List" (PDF). The Wall Street Journal.
  7. Chew, Robert (February 5, 2009). "The Bernie Madoff Client List Is Made Public". Time. Archived from the original on February 7, 2009. Retrieved May 8, 2010.
  8. 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 "Madoff's Victim List". The Wall Street Journal. March 6, 2009. Retrieved March 1, 2013.
  9. Wakin, Daniel J. (May 21, 2009). "Madoff Loss Hits Art Aid for Young in Israel". The New York Times.
  10. Heath, Chris (May 1, 2009). "The Enduring Larry King". GQ. Retrieved February 2, 2021.
  11. Pressler, Jessica (December 30, 2008). "Madoff's Latest Victims: Kevin Bacon and Kyra Sedgwick". New York.
  12. "Hall of Famer Sandy Koufax among those swindled by Bernie Madoff". ESPN . Associated Press. February 4, 2009.
  13. The New York Times: "In a Romney Believer, Private Equity’s Risks and Rewards" by JULIE CRESWELL January 21, 2012
  14. "Dean Emeritus Lawrence Velvel". Massachusetts School of Law. Retrieved February 4, 2016.
  15. Efrati, Amir (March 24, 2009). "Couple's Dreams of Immortality at Death's Door, Thanks to Madoff: Artists Who Design Homes to Prolong Life Lost Their Life Savings; Undulating Floors" . Retrieved March 21, 2017.