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Bernard Lawrence Madoff was an American financial criminal and financier who was the admitted mastermind of the largest known Ponzi scheme in history, worth an estimated $65 billion. He was at one time chairman of the Nasdaq stock exchange. Madoff's firm had two basic units: a stock brokerage and an asset management business; the Ponzi scheme was centered in the asset management business.
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Stanley Chais was an American investment advisor, money manager, and philanthropist. He operated "feeder funds" which collected money for funds related to the Madoff investment scandal. The widow, family, and estate of Chais settled with Madoff trustee Irving Picard in 2016 for $277 million.
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Shana Diane Madoff, sometimes referred to as Shana Madoff Skoller Swanson, is an American former attorney who is now a yoga teacher.
Defender Limited is an investment fund. It was incorporated in the British Virgin Islands in 2007. Defender funneled clients' funds to Bernard Madoff's firm as part of a Ponzi scheme run by Madoff. Madoff was arrested in December 2008, and pleaded guilty to fraud in 2009. He is serving a 150-year prison term.
Genevalor Benbassat & Cie is an asset manager located in Geneva, Switzerland. The firm set up five European feeder funds that invested almost $2 billion into Bernie Madoff's criminal Ponzi scheme.
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. Archived from the original on January 2, 2013. 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). The 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. Archived from the original on February 7, 2009. 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 "Madoff's Victim List". The Wall Street Journal. March 6, 2009. Retrieved March 1, 2013.
- ↑ Wakin, Daniel J. (May 21, 2009). "Madoff Loss Hits Art Aid for Young in Israel". The New York Times.
- ↑ Heath, Chris (May 1, 2009). "The Enduring Larry King". GQ. Retrieved February 2, 2021.
- ↑ Pressler, Jessica (December 30, 2008). "Madoff's Latest Victims: Kevin Bacon and Kyra Sedgwick". New York.
- ↑ "Hall of Famer Sandy Koufax among those swindled by Bernie Madoff". ESPN . Associated Press. February 4, 2009.
- ↑ The 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 February 4, 2016.
- ↑ 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.