Madoff's Far-Reaching Fraud
A Worldwide Look At Investors' Potential Losses In Alleged Scheme
Madoff, 70, well respected in the investment community after serving as chairman of the Nasdaq Stock Market, was arrested Dec. 11 on charges that he carried out what prosecutors say he called a $50 billion pyramid scam that has left investors around the world in financial ruin.
Here are some of the people and institutions who say they were caught up in the alleged fraud scheme, including the amount of exposure for each investor:
- Fairfield Greenwich Group, Fairfield, Conn.: $7,500,000,000
- Grupo Santander SA, Spain: $3,200,000,000
- Rye Investment Management (part of Massachusetts Mutual Life
Insurance Co.) $3,100,000,000 - Bank Medici, Vienna, Austria: $2,100,000,000
- Access International Advisors, New York (firm of the late Rene-Thierry Magon de la Villehuchet, who apparently committed suicide): $1,400,000,000
- Fortis Bank Nederland NV, Rotterdam: $1,351,000,000
- HSBC Holdings PLC, London: $1,000,000,000
- Natixis, France: $617,000,000
- Royal Bank of Scotland Group PLC, Britain: $612,000,000
- BNP Paribas, Paris: $480,000,000
- BBVA, Madrid: $452,000,000
- Man Group PLC, London: $360,000,000
- Reichmuth & Co, Lucerne, Switzerland: $332,000,000
- Nomura Holdings, Tokyo: $304,000,000
- Tremont Capital Management (also part of Mass Mutual), Rye, N.Y.:about $200,000,000
- Aozora Bank Ltd., Japan: $137,000,000
- Credit Mutuel-CIC, Paris: $122,000,000
- Dexia, Belgium & France: $115,000,000
- UniCredit, Italy: $103,000,000
- Union Bancaire Privee, Geneva: "hundreds of millions of dollars"
- Benedict Hentsch & Cie SA, Geneva: $48,300,000
- Fairfield Town Employees Board T Police and Fire Board (Fairfield, Conn.): $41,900,000
- Mortimer B. Zuckerman Charitable Remainder Trust $30,000,000
- The Phoenix Holdings, Tel Aviv: $15,000,000
- Harel Insurance Investments & Financial Services, Israel: $14,300,000
- Societe Generale, Paris: Below $13,700,000
- Credit Agricole, France: Below $13,700,000
- Robert I. Lappin Charitable Foundation, Salem, Mass.: $8,000,000
- Nordea, Stockholm: $6,600,000
- Neue Privat Bank, Zurich: $5,250,000
- Sen. Frank Lautenberg Family Charitable Foundation, N.J.:Amount
unknown - Wunderkinder Foundation (Steven Spielberg charity), Los Angeles: Amount unknown
- Former Philadelphia Eagles owner Norman Braman, Miami, Fla.: Amount unknown
- New York Mets owner Fred Wilpon, N.Y.: Amount unknown
- Actors Kevin Bacon & Kyra Sedgwick: Amount unknown
- Screenwriter Eric Roth ("The Curious Case of Benjamin Button"): Amount unknown
- J. Ezra Merkin, chairman of GMAC Financial Services who was in charge of investment funds for New York's Yeshiva University and other Jewish institutions: Amount unknown
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