Friday, March 06, 2009
The Wall Street Journal,
The Wall Street Journal,
Madoff’s Victims
The number of victims from Bernard Madoff's alleged Ponzi scheme continues to grow. A list with thousands of names of clients who invested money with Mr. Madoff was released as part of a bankruptcy-court filing.
Click Below to see some of the most exposed investors and sort by the amount of potential losses.
- More than half of Fairfield Greenwich's $14.1 billion in assets under management, or about $7.5 billion was connected to Madoff.
- Santander is offering its private banking clients 1.38 billion euros in compensation for Madoff-related losses. The offer doesn't apply to institutional investors. Latin American clients were approached with an offer to return their original investments via preferred stock with a 2% interest rate, in return for a promise not to sue. Santander customers Mar Octava Limitada and Marcelo Guillermo Testa filed a class-action lawsuit in a U.S. court, lawyers said Jan. 27. The losses were first disclosed Dec. 14. 2.01 billion euros belongs to institutional investors and international private banking clients; 320 euros million belongs to private banking customers in Spain.
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Posted by Editor on 03/06/09 at 07:22 AM •
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