On Madoff List: Sandy Koufax, Kevin Bacon, Others Possibly Caught in Ponzi Scheme
[Updated at 5:08 p.m. Feb. 6 with full, sortable list of Madoff clients]
A lot more names of the people who might have lost lots of money with disgraced hedge fund manager Bernard Madoff have been made public, showing the scope of what may be one of the biggest financial scams in history.
The court filing of Madoff clients, made available late yesterday, numbers 162 pages with about 80 names per page. Many clients show up several times, presumably because they had different accounts with Madoff, who prosecutors say ran a $50 billion Ponzi scheme for years.
Appearing on the list doesn't necessarily mean the client lost money, or even that the client was a investor with Madoff's hedge fund. The list apparently includes people who were clients of Madoff's brokerage firm, which hasn't been implicated in the Ponzi scheme.
Among the names found on the list (PDF): Several politicians, including former Kentucky Gov. John Y. Brown Jr. and his ex-wife, Phyllis George. Brown, a Democrat, served from 1979 to 1983. And Sen. Frank Lautenberg (D-N.J.), whose family trust invested with Madoff, also showed up.
A host of law firms. Among them: Melvyn Weiss and David Bershad, the two convicted Milberg Weiss law firm partners. Their firm was indicted in 2006 for paying kickbacks to name plaintiffs to file class action lawsuits. Milberg LLP settled with the government for $75 million in June 2008.
Hollywood and the literati set has its representatives: director Steven Spielberg; actors Kevin Bacon and John Malkovich; talk-show host Larry King; and author Elie Wiesel.
Several investment advisory firms, including Argent Wealth Management, Bank of America Private Bank, Citi Smith Barney, Citigroup Private Banking, Fairfield Greenwich, Fleet Bank and Ivy Asset Management, made the list, along with World Trade Center developer Larry Silverstein.
Two figures in British high society were named: Lord Anthony Jacobs, a liberal member of the House of Lords, and Lady Victoria de Rothschild, a distant cousin of Nathaniel Rothschild.
In sports, Hall of Fame baseball pitcher Sandy Koufax; New York Mets owner Fred Wilpon; Mets infielder Tim Teufel; Norman Braman, former owner of the Philadelphia Eagles; and Bob Nystrom, a former player on the NHL's New York Islanders.
And the list includes several Madoff family members, including Bernard himself, brother Peter and sons Andrew and Mark. Even Madoff's own accountants and attorney, Ira Lee Sorkin, were customers, according to the court documents.
[Editor's Note: This post has been updated to make clear in the headline and the text that the list made public includes people who did not necessarily lose money with Madoff''s hedge fund.]
By Derek Kravitz |
February 5, 2009; 4:32 PM ET
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