UPDATED: List Of Victims Of Madoff's Alleged Ponzi Scheme

Dec 31 2008 | 1:00am ET

[Feb. 5, 2009 -- If you are looking for the list of Bernard Madoff victims released today by the trustees, you can find it here: Trustees Release List Of Madoff Victims]

Original Post From Dec. 31, 2008 

This is a partial list of Bernard Madoff's investors who have reportedly lost money in Madoff's alleged investment scam.  Total losses are estimated to be about $50 billion, which would make it the largest Ponzi scheme in history. Where available, the amount estimated to be lost by each investor is included. This table will be updated as new information becomes available.  (Last Updated 3pm ET)

*Please note that some of the individuals and charities may have invested through funds, such as Ascot Partners, so there may be some double-counting going on.

Madoff investor investor type potential exposure source
Fairfield Sentry (Fairfield Greenwich Group) (Madoff feeder fund) alternatives firm $7.5 billion firm statement
FIM Ltd. (Kingate funds manager) money manager $3.5 billion media reports
Grupo Santander bank $3.5 billion El Pais
Rye Investment Management (Tremont Group) (Madoff feeder fund) hedge fund $3.1 billion Bloomerg News
Kingate Management (Madoff feeder fund) alternatives firm $2.8 billion Bloomerg
Bank Medici of Austria bank $2.1 billion Bloomberg
Ascot Partners (Madoff feeder fund) hedge fund $1.8 billion Wall Street Journal
Access International Advisors hedge fund $1.4 billion Bloomberg
Fortis Bank Nederland bank $1.35 billion firm statement
HSBC bank $1 billion firm statement
J.P. Jeanneret Associates investment adviser $946 million Syracuse Post-Standard
Benbassat & Cie bank $935 million Le Temps
Union Bancaire Privee bank $846 million Le Temps
Natixis bank $600 million Bloomberg
Royal Bank of Scotland bank $600 million published reports
Sterling Equities investment firm $500 million New York Post
BNP Paribas bank $475.3 million Bloomberg
BBVA bank $404 million Reuters
Fix Asset Management alternatives firm $400 million firm statement
Carl and Ruth Shapiro individuals $400 million WSJ
RMF (Man Group) alternatives firm $360 million firm statement
Reichmuth Matterhorn bank $330 million Bloomberg
Normal Holdings . $302 million StreetInsider.com
Pioneer Alternative Investments alternatives firm $280 million Bloomberg
Maxam Capital Management (Madoff feeder fund) fund of hedge funds $280 million WSJ
EIM Group bank $230 million Le Temps
Ira Rennert individual $200 million FINalternatives
Bank Austria bank $192.1 million Der Standard
Tremont Capital Management (Tremont Group) fund of hedge funds $190 million firm statement
M&B Capital Partners 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 university endowment $140 million Bloomberg
Aozora Bank bank $137 million firm statement
AXA insurer less than $135 million Reuters
Credit Mutuel bank $124 million Bloomberg
Dexia bank $106.9 million firm statement
UniCredit financial firm $100 million Bloomberg
Hadassah charity $90 million JTA
Unione di Banche Italiane bank $84.9 million Bloomberg
Nordea bank $65 million Reuters
Hyposwiss bank $50 million Reuters
Korea Life Insurance Co. insurer $50 million Yonhap News
Banque Benedict Hentsch bank $47.5 million firm statement
Royal Dutch Shell pension $45 million Reuters
Great Eastern Holdings bank $43.9 million Reuters
Town of Fairfield, Conn. pension fund $42 million Associated Press
Royal Bank of Canada bank $40.4 million Globe and Mail
Wolosoff Foundation charity $38 million FINalternatives
Bramdean Asset Management alternatives firm $31 million WSJ
family of Sarah Chew family office $30 million Time
Mortimer B. Zuckerman Charitable Remainder Trust (New York Daily News owner's charity) charity $30 million CNBC
Arthur I. and Sydelle F. Meyer Charitable Foundation charity $29.2 million Palm Beach Post
Sumitomo Life Insurance Co. insurer $22 million Bloomberg
Madoff Family Foundation charity $19 million WSJ
Los Angeles Jewish Community Foundation charity $18 million Jewish Journal
KSM Capital Advisors investment firm $15 million Indianapolis Business Journal
The Phoenix Holdings insurer $15 million firm statement
Harel Insurance Investments and Financial Services insurer $14.2 million firm statement
Alicia Koplowitz individual $13.7 million Europa Press
Groupama insurer $13.6 million firm statement
Societe General financial institution less than $13.5 million Reuters
Baloise insurer $13 million Reuters
Lautenberg Family Foundation charity $12.8 million media reports
Kas Bank bank $12.3 million firm statement
Massachusetts Pension Reserves Investment Management pension $12 million Reuters
Mitsubishi UFJ FInancial Group financial institution $11 million Bloomberg
Richard Spring individual $11 million WSJ
Hampshire County Council pension $10.7 million IPE
RAB Capital hedge fund $10 million Reuters
Richard Roth individual $10 million FINalternatives
United Jewish Endowment Fund cahrity less than $10 million JTA
Korea Teachers Pension pension $9.1 million statement
Robert I. Lappin Charitable Foundation charity $8 million Washington Post
Michael Roth individual $7.5 million FINalternatives
Chais Family Foundation charity $7 million WSJ
Jewish Federation of Greater Los Angeles charity $6.4 million media reports
Technion-Israel Institute of Technology university $6.4 million Globes
Vincent Tchenguiz individual $6.3 million FINalternatives
The Ramaz School school $6 million FINalternatives
Irwin Kellner (named plaintiff on first lawsuit against Madoff) individual $6 million lawsuit
Julian J. Levitt Foundation charity $6 million WSJ
Stony Brook University Foundation university endowment $5.4 million Bloomberg
David Berger individual $5 million FINalternatives
Maimonides School (Boston) school $5 million Bloomberg
Neue Privat Bank bank $5 million Bloomberg
North Shore-Long Island Jewish Health System pension fund $5 million statement
Congregation Kehilath Jeshurun (New York) synagogue $3.5 million Bloomberg
Dorset County Pension Fund pension $3.5 million LocalGov.co.uk
Caja Madrid bank $3.1 million Cinco Días
Merseyside Pension Fund pension $3 million media reports
New York Law School law school $3 million lawsuit
Roger Peskin individual $3 million AP
Swiss Reinsurance Co. reinsurer less than $3 million firm statement
Global Specialised Opportunities 1 Bermuda-listed fund $2.8 million fund statement
Banca March bank $2.7 million Cinco Días
American Friends of Yad Sarah charity $1.5 million JTA
Caisse des dépôts et consignations government-owned bank $1.38 million Bloomberg
Robert and Sarah Chew individual $1.2 million Time
SAR Academy (New York) school $1.2 million Bloomberg News
Harold Roitenberg individual $1 million Minneapolis Star-Tribune
Ira Roth individual $1 million WSJ
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
Clal Insurance insurer $778,800 firm statement
Mediobanca bank $671,000 firm statement
Allianz Global Investors bank 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) individuals n/a New York magazine
Banco Popolare bank n/a MarketWatch
Banesto bank n/a Reuters
Ed Blumenfeld (Long Island real estate developer) individual n/a Long Island Business News
Norman Braman (former Philadelphia Eagles owner) 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
Foundation for Humanity (Elie Wiesel's charity) charity n/a WSJ
Avram and Carol Goldberg (Stop n Shop founders) individuals n/a Reuters
Joyce Z. Greenberg individuals n/a Houston Chronicle
Gutmann bank n/a Citywire
members of the Hillcrest Country Club (St. Paul, Minn.) individuals n/a Star-Tribune
INTAC Global Preservation Hedge Portfolio (via Rye Investment Management) fund of hedge funds n/a fund documents
JEHT Foundation charity n/a statement
Henry Kaufman (former chief economist at Salomon Brothers individual n/a WSJ
KBC bank n/a firm statement
Knowsley MBC pension n/a LocalGov.co.uk
Last Atlantis Capital Managament 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 individual n/a Bloomberg
Liverpool City Council pension n/a LocalGov.co.uk
LLBW bank n/a Citywire
Loeb family family office n/a CNBC
Mirabaud & Cie bank n/a Le Temps
The Moriah Fund charity n/a FINalternatives
MorseLife charity n/a Palm Beach Post
Nomura bank n/a WSJ
Notz, Stucki & Cie bank n/a Le Temps
members of the Oak Ridge Country Club (Hopkins, Minn.) individuals n/a Star-Tribune
Optimal Investment Services (Grupo Santander) alternatives firm n/a Bloomerg
Palm Beach Country Club country club n/a CNBC
Eric Roth (screenwriter) individual n/a Los Angeles Times
St. Helens MBC pension n/a LocalGov.co.uk
Sefton MBC pension n/a LocalGov.co.uk
SNL Reaal Groep financial services firm n/a Bloomberg
family of former New York Gov. Eliot Spitzer individuals n/a Clusterstock.com
Symphony Fund (via Pioneer Alternative Investments) fund of hedge funds n/a fund documents
Thema (Madoff feeder fund) hedge fund n/a media reports
Jeff Tucker (Stone Bridge horse farm owner, Fairfield Greenwich Group founding partner) individual n/a WNYT television
Thyssen family family office n/a Clusterstock.com
UBS bank n/a Reuters
Lawrence Velvel (dean, Massachusetts Law School) 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

Do you know of more victims? Please let us know in a comment below, or send us a note in our Contact Form.


In Depth

Fitch Says Alternative Asset Managers 'Stable' Despite Dry Powder

Nov 20 2014 | 9:30am ET

Ratings agency Fitch says the outlook for seven publicly traded alternative asset...

Lifestyle

Cohen Buys $101 Million Sculpture

Nov 12 2014 | 9:17am ET

Steven Cohen was the sole bidder for a rare Alberto Giacometti sculpture at Sotheby...

Guest Contributor

Why The Big Money Is Going To Europe

Nov 14 2014 | 6:03am ET

Peer-to-peer lending was invented with the individual investor in mind. But despite...

 

Sponsored Content

    For Hedge Funds, Mastering Data Is Key To Success

    Nov 4 2014 | 9:45am ET

    Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

November 2014 Cover

Building a better market

Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.