Madoff clients\' list made public

Date: Thursday, February 5, 2009
Author: Thomson IM News.com

A list of clients who invested money with accused swindler Bernard Madoff was made public on Wednesday.

The 162-page document filed with the U.S. Bankruptcy Court in Manhattan named Columbia University, legendary baseball player Sandy Koufax and Madoff's attorney Ira Lee Sorkin as some of the clients.

Among the thousands of others named were Madoff's family members, including his sons, Mark and Andrew, and his brother, Peter.

The Manhattan offices of Bernard L. Madoff Investment Securities LLC was declared a crime scene after the veteran investment manager's Dec. 11 arrest.

Madoff, 70, was arrested for what authorities have described as the biggest Ponzi scheme in history. In a Ponzi scheme, early investors are paid with money from new investors.

UBS AG, Bank of America Corp, BNP Paribas and Citigroup Inc are some of the other Madoff clients who have been named on the list.

The deadline for Madoff's customers to make a claim with the Securities Investor Protection Corporation (SIPC) is July 2, the trustee Irving Picard said.

The case is Securities Investor Protection Corp v. Bernard L. Madoff Investment Securities LLC 08-01789 in U.S. Bankruptcy Court for the Southern District of New York (Manhattan).