Banco Satander (Spain) Clients of Optimal Investment Services, a Switzerland-based fund of hedge funds owned by the Spanish bank, may have lost as much as $3.1 billion to the fraud, the bank said in a statement.
Bank Medici AG (Austria) Austria's Bank Medici said it had a $3 billion exposure to Madoff and has been placed under government supervision.
Banque Bénédict Hentsch (Switzerland) The private bank said it had about $48 million in client investments at risk, according to the Associated Press.
BBVA (Spain) The bank has $400 million in investments at risk, according to the British Broadcasting Corp.
BNP Paribas (France) The bank said it had not invested directly in the Madoff funds but had 350 million euros (about $500 million) at risk through trades and loans to hedge funds, according to the New York Times.
Fortis Bank Netherlands The bank had approximately $1.4 billion invested with Madoff, Bloomberg News reported.
HSBC (U.K.) The bank, one of the world’s largest, said it had made loans to institutions that invested in Madoff funds and said it had investments of about $1 billion that could be affected, the BBC reported.
Natixis (France) The subsidiary of Caisse d'Epargne and Banque Populaire, said it could potentially lose up to 450 million euros (about $605 million), the BBC reported.
Nomura Holdings (Japan) The bank has about $3.3 million in investments with Madoff funds, the BBC reported.
Neue Privat Bank (Switzerland) The bank acknowledged being at risk for an undisclosed amount, the New York Times reported.
Reichmuth & Co. (Switzerland) The bank has about $325 million in assets invested with Madoff funds, the BBC reported.
Royal Bank of Scotland (U.K.) The bank has about $601 million invested with Madoff, the BBC reported.
Union Bancaire Privee (Switzerland) The bank has a $1.49 billion exposure, according to Geneva’s Le Temps newspaper.
"; Madoff_Victims[i++] = new Array("","Hedge funds/ Investment firms ","","","","", "", "", "", "", "", "", "", "", "", "", "", "", "", ""); Madoff_Victims[i-1].body = "Access International Advisors The New York City firm had $1.4 billion invested in Madoff’s firm, according to a company statement. The firm’s founder, Rene-Thierry Magon de la Villehuchet, was found dead in his office on Dec. 23. A French newspaper reported that de la Villehuchet had committed suicide, but the medical examiner’s office did not immediately announce a cause of death.
Bramdean Alternatives The U.K.-based hedge fund had 9 percent of its funds invested in Madoff’s scheme, fund manager Nicola Horlick told the BBC.
EIM Group The European investment manager said that a number of non-U.S. clients had invested in funds overseen by Madoff, the Wall Street Journal reported, citing people familiar with the matter. Overall, EIM assets at risk are less than 2 percent of the $11 billion the firm manages, it cited one of its sources as saying.
Fairfield Greenwich Group The investment firm headed by Walter M. Noel Jr., who had a long-running business relationship with Madoff, is the biggest loser in the fraud, facing potential losses of $7.5 billion, more than half the firm’s assets, according to the New York Times.
Kingate Management Ltd. Investment company run by FIM Advisers LLP in London invested with Madoff through its $2.8 billion Kingate Global Fund Ltd., Bloomberg News reported.
Man Group The U.K. company, one of the world’s biggest investment firms, said it had invested about $360 million through its RMF institutional fund of funds business, representing 0.5 percent of its total funds, the BBC reported.
Maxam Capital Management LLC “I’m wiped out,” Chairwoman Sandra Manzke was quoted as telling the Wall Street Journal after reporting the fund of hedge funds had $416.85 million invested with Madoff.
Pioneer Alternative Investments The firm invested “substantially all” of the approximately $280 million in its Primeo Select Fund with Madoff, Bloomberg reported, citing a fact sheet on the company’s Web site.
Tremont Capital Management This hedge-fund firm owned by Oppenheimer Funds Inc., had $3.3 billion -- more than half its total assets -- invested with Madoff, Bloomberg reported, citing a person familiar with the matter. Most of the money -- $3.1 billion – was invested by Tremont’s Rye Investment Management unit, with another $200 million invested through its fund of funds group, Tremont Capital Management, Bloomberg said. "; Madoff_Victims[i++] = new Array("","Charities","","","","", "", "", "", "", "", "", "", "", "", "", "", "", "", ""); Madoff_Victims[i-1].body = "The Braman Family Foundation The foundation established by Florida auto dealer Norman Braman, the former owner of the Philadelphia Eagles football team, had almost all of its assets -- $32.3 million – invested with Madoff at the end of 2007, the Miami Herald reported. The newspaper said Braman also an unspecified amount of his own money invested with Madoff.
The Chais Family Foundation This Encino, Calif., nonprofit, which listed $178 million in assets at the end of 2007, announced that losses attributable to investments with Madoff had forced it to stop operating, according to the Jewish Telegraphic Agency.
The family foundation of Sen. Frank Lautenberg The foundation created by the family of the New Jersey Democrat was invested in Madoff’s funds, the Wall Street Journal reported, quoting an aide to the senator. The paper also quoted Lautenberg’s attorney, Michael Griffinger, as saying that foundation officials weren’t yet sure the extent of the losses, but that the bulk of its investments had been handled by Madoff. Lautenberg’s foundation handed out more than $765,000 to at least 100 recipients in 2006, the Journal said.
The JEHT Foundation Nonprofit founded by real estate heiress Jeanne Levy-Church in 2002 to promote justice, equality, human dignity and tolerance, has announced that it intends to cease operations by the end of January, the New York Times reported. The foundation’s demise will cost its 24 employees their jobs and decrease support to organizations such as the Innocence Project, Human Rights First, the Center for Investigative Reporting and the Juvenile Law Center are losing revenue, the newspaper reported.
The Jewish Community Centers Association of North America The umbrella group for such organizations in the United States and Canada, has an undetermined amount of investments with Madoff at risk, the New York Times reported.
The Jewish Federation of Greater Washington The organization had $10 million invested with Madoff, or about 8 percent of its endowment, as of Nov. 30, the New York Times reported.
The Julian J. Levitt Foundation The Texas foundation is believed to have had millions of dollars invested with Madoff, the AP reported.
The Robert I. Lappin Charitable Foundation The Boston-based charity, which helps young Jews visit Israel, said it closed its offices and laid off its staff after investing its entire $8 million endowment with Madoff. The organization's executive director told the AP she doesn't expect it to survive.
The Stephen Muss Foundation The nonprofit founded by real estate developer and hotel magnate Stephen Muss, had $3.1 million out of its total stock portfolio of $23.6 million invested with Madoff as of Oct, 31, 2007, the Miami Herald reported. Muss is owner of Miami Beach’s famed Fontainebleau hotel, among other properties.
The Picower Foundation The Florida-based foundation closed its doors because its endowment was managed by Madoff, according to the Dow Jones News Service.
The Potamkin Foundation Nonprofit created by auto dealers Alan and Robert Potamkin, had about $4.9 million, or all but $361,000 of its stock portfolio, invested with Madoff as of May 31, 2007, the Miami Herald reported.
The Carl and Ruth Shapiro Family Foundation The foundation, which supports organizations like Boston’s Brigham and Women’s Hospital in Boston and the Jewish Federation of Palm Beach in Florida, said it lost $145 million, or 45 percent of its assets at the end of last year, because of investments with Madoff, the New York Times reported.
The Elie Wiesel Foundation for Humanity The foundation created by famed Holocaust survivor, Nobel laureate and writer Elie Wiesel faces a loss of its investments with Madoff, the Wall Street Journal reported, citing two people familiar with the foundation’s investments.
The Wunderkinder Foundation The charity created by movie director Steven Spielberg, is believed to have suffered losses on investments with Madoff’s firm, the Wall Street Journal reported. A representative of the foundation told the newspaper he didn’t know the amount of the loses. The Madoff firm accounted for roughly 70 percent of the foundation’s interest and dividend income in 2006, the Journal said.
The Mortimer B. Zuckerman Charitable Remainder Trust The trust invested in Madoff’s firm through an intermediary, faces undisclosed losses, the Wall Street Journal reported. The newspaper initially reported incorrectly that Zuckerman had personally invested in Madoff’s firm."; Madoff_Victims[i++] = new Array("","Other institutional investors","","","","", "", "", "", "", "", "", "", "", "", "", "", "", "", ""); Madoff_Victims[i-1].body = "The town of Fairfield, Conn. Officials said that $42 million of the town’s pension investments -- nearly 15 percent of the total -- was entrusted to Madoff.
The New York Law School The school faces the potential loss of $3 million invested with Madoff through the investment firm Ascot Partners LP, according to a lawsuit filed in U.S. District Court in Manhattan. The suit names as defendants Ascot Partners LP, its general partner, J. Ezra Merkin and auditor BDO Seidman LLP. It states that “plaintiff’s investment in Ascot has been decimated as a direct result of defendant Merkin's abdication of his responsibilities and duties ... and complete failure of Ascot's auditor Seidman in light of 'red flags' indicating a high risk to Ascot from concentrating its investment exposure in Madoff.\"
The North Shore-Long Island Jewish Health System A group of 15 hospitals on New York’s Long Island had invested millions of dollars with Madoff’s firm, the Associated Press reported.
The Ramaz School New York City Jewish school had approximately $6 million invested with Madoff, the New York Times reported, citing a letter sent to board members and two parents whose children attend the school.
Yeshiva University The Jewish university in New York City lost about $110 million invested in Madoff’s funds through hedge funds controlled by J. Ezra Merkin, a university trustee and chairman of the school’s investment committee, Bloomberg reported. The news service quoted university spokesman Bill Anderson as saying that the losses left the 122-year-old Yeshiva with an endowment of about $1.3 million. "; Madoff_Victims[i++] = new Array("","Individual investors","","","","", "", "", "", "", "", "", "", "", "", "", "", "", "", ""); Madoff_Victims[i-1].body = "Kevin Bacon and Kyra Sedgwick The acting couple lost an unspecified amount of money they invested with Madoff, according to Bacon. \"We'll march on. We have to,” Bacon told Life & Style magazine. “There’s nothing you can do about it.”
Norman Braman Former owner of the Philadelphia Eagles football team, reportedly invested an undisclosed amount with Madoff, the AP and other news organizations have reported.
Thierry Magon de La Villehuchet The French aristocrat invested “the bulk of his wealth” with Madoff, Dow Jones News Service quoted his brother as saying. He was found dead of an apparent suicide on Dec. 24.
Leonard Feinstein The co-founder of Bed Bath & Beyond Inc. invested an undisclosed amount with Madoff, the Wall Street Journal reported.
Barbara Flood A Manhattan hair stylist and designer was introduced to Madoff by a client and invested a relatively small amount of money, National Public Radio reported.
Zsa Zsa Gabor A lawyer for the 91-year-old actress said she may have lost as much as $10 million. The money was believed to have been invested with Madoff through a third-party money manager, the Dow Jones News Service reported.
The family of Robert Jaffe The Palm Beach, Fla., philanthropist acted as the main go-between between potential investors and Madoff in Florida and was “significantly adversely impacted” by the fraud, the Wall Street Journal reported, quoting a family spokeswoman.
Jeffrey Katzenberg The chief executive of DreamWorks Animation SKG, lost an undisclosed amount invested with Madoff by his personal business manager, Gerald Breslauer, the Los Angeles Times reports, citing people familiar with the situation.
Alicia Koplowitz One of Spain's riches women had $14 million invested with Madoff, Bloomsberg News reported.
Sandy Koufax The Hall of Fame Dodgers pitcher was listed as a client of Madoff by AlixPartners LLP, the Dallas company hired as claims agent by the trustee overseeing the liquidation of Madoff’s companies. The list did not detail amounts invested.
J. Ezra Merkin The chairman of GMAC Financial Services also is a money manager at Ascot Partners LLC in New York, which had $1.8 billion in assets as of Sept. 30. Merkin was substantially invested with Madoff, the Wall Street Journal reported, citing a letter that he sent to clients stating that he had personally \"suffered major losses from this catastrophe.\"
Marc Rich The former fugitive pardoned by Bill Clinton in the waning hours of his presidency had exposure through investments with Madoff, but they were \"insignificant,\" according to a spokeswoman for Rich and his company, the Marc Rich Group. CNBC reported that the investments were made through investment manager Ezra Merkin.
Eric Roth Hollywood screenwriter whose credits include “The Curious Case of Benjamin Button” and “Forest Gump” lost all his retirement savings, which were invested in Madoff’s firm by his personal financial advisor, the Los Angeles Times reported.
Carl Shapiro The founder and former chairman of the apparel company Kay Windsor Inc., and his wife had an undisclosed amount invested with Madoff. The New York Times reported that the Shapiros' family foundation said it had lost $145 million invested with the firm. Shapiro is the father-in-law of Robert Jaffe, who also had money invested with the firm, according to the Wall Street Journal.
Richard Shapiro The former chairman of the California Horse Racing Board “lost many millions” invested with Madoff, according to the Daily Racing Form.
Larry Silverstein The developer of the World Trade Center was listed as a client of Madoff by AlixPartners LLP, the Dallas company hired as claims agent by the trustee overseeing the liquidation of Madoff’s companies. The list did not detail amounts invested.
Ira Sorkin The attorney who is defending Madoff against charges he perpetrated the biggest financial fraud in history was listed as a client of Madoff by AlixPartners LLP, the Dallas company hired as claims agent by the trustee overseeing the liquidation of Madoff’s companies. The list did not detail amounts invested.
Richard Spring The Boca Raton, Fla., resident and former securities analyst, told the Wall Street Journal that he had about $11 million -- or 95 percent of his net worth -- invested with Madoff. \"That's how much I believed in him,\" Spring was quoted as saying. He also said he acted as an unofficial agent, putting Madoff in contact with dozens of investors, from a teacher who invested $50,000 to entrepreneurs and executives who would put in millions of dollars.
Fred Wilpon New York Mets owner and real estate investor often raved about Madoff's investment prowess and invested tens of millions of dollars of both his own money and the team's with his company, the Wall Street Journal reported, quoting financiers who have worked with him. It said Madoff also handled investments for the Judy & Fred Wilpon Family Foundation, which distributed about $1 million a year in 2005 and 2006 to charities."; // END editorial data