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Madoff Investors Thought They Had $41 Billion With Firm: Table |
Date: Wednesday, January 14, 2009
Author: Josh Fineman, Bloomberg.com
Clients of Bernard Madoff, the money manager charged with fraud, are still trying to calculate their losses, and a Bloomberg tally of disclosures and news reports shows investors think they had about $41 billion with his New York-based firm.
In some cases, individual investor and bank losses may also
be included in the total of reports from funds. Before his
arrest Dec. 11, Madoff, 70, confessed to his sons that his
“giant Ponzi scheme” may have cost clients as much as $50
billion, according to an FBI complaint.
Client Total Source
Access International $1.4 billion Company statement,
Advisors Bloomberg Data
Alicia Koplowitz, $6 million Bloomberg News
One of Spain’s richest
women
Aozora Bank Ltd. 12.4 billion Company statement
yen ($137
million)
Baltimore Police and $3.5 million Bloomberg News
Fire Pension Fund
Bard College $3 million Bloomberg News
Banco Santander SA 2.33 billion Company statement
euros ($3.1
billion)
Bank Medici AG $3.2 billion Bloomberg News
Banque Benedict Hentsch $48 million Company statement
& Cie. SA
BBVA 300 mln euros Company Statement
($404 mln)
Benbassat & Cie. $935 million Reuters, citing Le Temps
BNP Paribas SA Up to 350 Company statement
million euros
($478.2 mln)
Boston philanthropist $145 million Boston Globe
Carl Shapiro’s
charitable foundation
Bramdean Alternatives 9.5 percent Company statement
Ltd. of assets
Brighton Co. $250 million Los Angeles Times
Stanley Chais
Groupe Caisse d’Epargne Less than Company statement
8 mln euros
($11.2 mln)
Caisse des Depots 1 mln euros Bloomberg News
et Consignations ($1.4 mln)
Clal Insurance 3 mln shekels Company statement
($778,800)
CNP Assurances 3 mln euros Company statement
($4.1 million)
Congregation Kehilath $3.5 million Bloomberg News
Jeshurun letter
Credit Mutuel 90 mln euros Bloomberg News
($124 million)
Credit Suisse 900 mln-1 bln Sonntag
Swiss francs
($843-937 mln)
Dexia SA 78 million Company statement
euros ($106.9
million)
Edward Blumenfeld, Undetermined Bloomberg News
real-estate developer
EFG International $130 million Company statement
EIM Group $230 million Bloomberg News
Elie Wiesel Foundation $15.2 million Web site
For Humanity
Fairfield Greenwich $7.5 billion Bloomberg News,
Group Company Statement
Fix Asset Management $400 million Company Statement
Fortis Bank Netherlands 1 bln euros Bloomberg News
($1.4 bln)
GMAC LLC Chairman Most of its Wall Street Journal
Jacob Ezra Merkin’s $1.8 billion
Ascot Partners LLC of assets
and Gabriel Capital LP $1.5 billion Bloomberg News
Ariel Capital Bloomberg News
Great Eastern $44 million Company statement
Holdings Ltd.
Groupama 10 mln euros Company Statement
($14 mln)
Hadassah $90 million Bloomberg News
Harel Insurance $14.2 million Company statement
Investments & Financial
Services Ltd.
Harley International $2.76 billion Bloomberg News
Horowitz Association $800 million Haaretz newspaper
HSBC Holdings Plc $1 billion Company statement
Ira Rennert, Undetermined Variety
CEO, Renco Metals
J.P. Jeanneret Undetermined Syracuse Post-Standard
Associates
Jeffrey Katzenberg, Undetermined Wall Street Journal
DreamWorks Animation
JEHT Foundation Undetermined; Company Statement
Will close
Julian J. Levitt $6 million Washington Post
Foundation
Kas Bank NV 9 mln euros Company statement
$12.3 mln
Kevin Bacon and Undetermined New York Daily News
Kyra Sedgwick, actors
Kingate Management Ltd. $3.5 billion Bloomberg News,
FIM Advisors LLP Bloomberg Data
Korea Life Insurance Co. $50 million Yonhap News
Korea Teachers Pension $9.1 million Company statement
Leonard Litwin Undetermined Spokesman
Lilianne Bettencourt, Undetermined Bloomberg News
France’s richest woman
Madoff Family Foundation $19 million Washington Post
Maimonides School $5 million Bloomberg News
Man Group Plc $360 million Company statement
Maxam Capital $280 million Wall Street Journal
Management LLC
Massachusetts state $12 million Boston Herald
pension fund
Marc Rich $10 million- Bloomberg News,
$15 million New York Times
M&B Capital Partners 137.4 mln El Mundo newspaper
euros
($187.9 mln)
Mediobanca $671,000 Company statement
Michael Steinhardt, $2 million Bloomberg News
retired hedge-fund
manager
Mirabaud & Cie. A few million Reuters, citing Le Temps
Swiss Francs
Mitsubishi UFJ $11 million Company spokesman
Financial Group Inc.
Montana residents $18 million Montana government
Mort Zuckerman’s $30 million CNBC Interview
charitable trust
Natixis Up to 450 Company statement
million euros
($614 mln)
Neue Privat Bank $5 Million Bloomberg News
New Mexico Educational $9.7 Million Bloomberg News
Retirement Board
New York Mets Undetermined Company statement
owner Fred Wilpon’s
Sterling Equities Inc.
New Orleans Employees’ $400,000 Bloomberg News
Retirement System
New York State $100 million- CNBC
Carpenters $150 million
Pension Fund
New York University At least Company complaint
$24 million
Nomura Holdings Inc. $302 Million Company statement
Nordea Bank AB 48 mln euros Company statement
($65.6 mln)
Norman Braman, Undetermined Wall Street Journal
Former owner,
Philadelphia Eagles
Football Team
North Shore-Long Island $5 million Company statement
Jewish Health System
Notz, Stucki & Cie 760 mln Le Temps
Swiss francs
($696 mln)
Phoenix Holdings 48 mln shekels Company Statement
($12.42 mln)
Philoctetes Center undetermined Web site
Picower Foundation undetermined New York Times
Pioneer Alternative $280 million Bloomberg News
Investments
Ramaz School $6 million Bloomberg News
associated with letter
Reichmuth & Co.’s $330 million Letter to clients
Reichmuth Matterhorn
fund
Robert I. Lappin $8 million Washington Post
Charitable Foundation
Royal Bank of Canada Less than Globe and Mail
C$50 million
($40 million)
Royal Bank of $360 million Company statement
Scotland Group Plc
SNS Real Groep NV “minimal Bloomberg News
exposure”
Sterling Stamos Undetermined Letter to clients
Capital Management
(through Ezra Merkin’s
Gabriel Capital Group)
Societe Generale SA Less than 10 Company statement
million euros
($13.7 mln)
Sumitomo Life 2 billion yen Company spokesman
Insurance Co. ($22 million)
Technion 25 mln shekels Company statement
($6.5 mln)
Telefonica SA’s 7.3 mln euros ABC newspaper
pension fund ($10.6 mln)
Tremont Group $3.1 billion Bloomberg News
Holdings Inc.
UniCredit SpA 75 mln euros Company statement
($102.5 mln)
Union Bancaire Privee # Less than Company statement
1.26 billion
Swiss francs
($1.08 billion)
Unione di 60.4 mln euros Company statement
Banche Italiane SCPA ($85 million)
U.S. Senator Frank Undetermined Bergen Record,
Lautenberg’s Bloomberg News
Charitable Foundation
Steven Spielberg’s Undetermined Wall Street Journal
Wunderkinder Foundation Bloomberg
Yeshiva University $14.5 million Bloomberg News
Total (approximate) $41 billion
Notes:
# Based on 1 percent of assets under management as of June 30.
To contact the reporters on this story: Joshua Fineman in New York at jfineman@bloomberg.net.
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