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Some of the famous names listed include CNN's Larry King, the family trust of Jeffrey Katzenberg, and New York Mets owner Fred Wilpon. The list also shows massive duplication in some accounts. One victim, for example, "Melvin Marder CPA," appears more than 250 times, while another, "Sosnick Bell & Co.," shows up more than 700 times. Sterling Equities is listed close to 200 times...
...unclear why such duplication exists, but it could be that these victims made efforts to list their clients (who did not have direct accounts with Madoff) or that they had multiple accounts. But many pension funds, like Orthopaedic Specialty Group PC, which had 140 investors, appeared as just one Madoff client. Orthopaedic Specialty Group is the Fairfield, Conn., pension fund mentioned by Dr. Henry Backe in the Senate Banking Committee hearings last week. Backe was seeking from the committee clarification on allowing his employees to file individually...
...known that feeder funds such as Fairfield Greenwich, Ascot Partners and Chais Investments, which are listed in the court document, had thousands of individual investors who placed billions into Madoff's Ponzi. These victims are not part of the list...
...court list was compiled by AlixPartners LLP, of Dallas, and includes investor names and addresses but not the amount invested with Madoff. AlixPartners was hired as claims agent by the trustee, Irving H. Picard, who is overseeing the liquidation of Bernard L. Madoff Investment Securities...
...wonder if anyone reads basic economics anymore. It has been widely understood for centuries that government does not create wealth; it merely redistributes it. The stimulus plan can be summarized as follows: we are going to borrow a trillion dollars from foreigners and spend it on a mile-long list of pork-barrel projects that we don't immediately need (or else we would have found another way to pay for them) and hope this gets us out of the recession. Stimulus won't solve the fundamental economic problems of this country: decades of low savings coupled with ravenous consumption...