I mean that in the best possible way of course. It’s interesting how this case exposes how little due diligence supposed “sophisticated” investors really do.
(And of course the guy’s name is Madoff? Could someone make up a name better than that? I don’t think so.)
Access International Advisors, undetermined loss, company statement
Ascot Partners, run by Jacob Ezra Merkin, GMAC’s chairman, most of its $1.8 billion in assets, The Wall Street Journal
Banco Santander, $3.6 billion, the Spanish newspaper El Pais
Banque Benedict Hentsch, $48 million, company statement
Benbassat & Cie., $935 million, Reuters, citing the French newspaper Le Temps
BNP Paribas, undetermined loss, The Wall Street Journal
Bramdean Alternatives, 9.5 percent of assets, company statement
The Boston philanthropist Carl Shapiro’s charitable foundation, $145 million, The Boston Globe
EIM Group, $230 million, Reuters, citing Le Temps
Fairfield Greenwich Group, $7.3 billion, Bloomberg News
Fix Asset Management, $400 million, company statement
HSBC, $1 billion The Financial Times
Julian J. Levitt Foundation, $6 million, The Washington Post
Kingate Management, $2.8 billion, Bloomberg News
Madoff Family Foundation, $19 million, The Washington Post
Maxam Capital Management, $280 million, The Wall Street Journal
Mirabaud & Cie, A few million Swiss francs, Reuters, citing Le Temps
Neue Privat Bank, $5 million, Bloomberg News
Notz, Stucki & Cie, undetermined loss, Reuters, citing Le Temps
Nomura Holdings, undetermined loss, The Wall Street Journal
Norman Braman, former owners of the Philadelphia Eagles, undetermined loss, The Wall Street Journal
North Shore-Long Island Jewish Health System, $5 million, company statement
Optimal Investment Services, undetermined loss, Bloomberg News
Pioneer Alternative Investments, almost all of its $280 million in assets, Bloomberg News
Robert I. Lappin Charitable Foundation, $8 million, The Washington Post
Reichmuth Matterhorn fund, $330 million, letter to clients
Senator Frank Lautenberg’s charitable foundation, undetermined loss, The Record of Hackensack, N.J.
Sterling Equities, run by Fred Wilpson, owner of the New York Mets, undetermined loss, company statement
Tremont Capital Management, undetermined loss, The Wall Street Journal
Union Bancaire Privee, $850 million, Reuters, citing Le Temps
Yeshiva University, undetermined loss, The Washington Post and university statement
Recent Comments