The Madoff Fraud:Scam of the Century
Some of the Biggest Madoff Losers


Madoff’s Investors Had About $43 Billion With Firm

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Madoff’s Investors Had About $43 Billion With Firm: By Josh Fineman Jan. 7 (Bloomberg) -- Clients of Bernard Madoff, the money manager charged with fraud, are still trying to calculate their READ MORE
The biggest losers *Steven Spielberg The film director's charity, the Wunderkinder Foundation, had invested a significant portion of its assets with Mr Madoff. In 2006, his firm accounted for about 70 per cent of the charity's interest and dividend income. Spielberg made annual donations to the charity of $1m (£654,000). *Fred Wilpon The owner of the New York Mets baseball team put some of his own money and that of his investment firm, Sterling Equities, into Mr Madoff's company Investment Securities. But Bob DuPuy, the president and chief operating officer of Major League Baseball, has denied that Mr Wilpon's losses will have any effect on the team itself, since it is a separate entity. *Senator Frank Lautenberg The New Jersey senator's charitable family foundation also had a stake in Mr Madoff's investment fund. The Lautenberg Foundation had assets worth almost $14m (£9.1m) in 2006, and donates money to a variety of religious, educational, civic and arts organisations in New Jersey and elsewhere. Mr Lautenberg's lawyer said in an email that the senator was "very distressed" about the possible loss of funds, but that the full scale of the damage was not yet known. *Norman Braman The former owner of the American football team Philadelphia Eagles is the 281st richest man in the United States, according to Forbes magazine, but he too fell invested with Mr Madoff. The 76-year-old, who is worth an estimated $1.7bn (£654m) has amassed a fantastically expensive art collection, which includes pieces by Picasso, Andy Warhol and Jasper Johns. *Mortimer Zuckerman A source close to Mr Zuckerman, a 70-year-old real estate magnate who also owns the American tabloid newspaper the New York Daily News, had a fund which invested almost all of its assets with Mr Madoff. He is number 188 on the Forbes list, with an estimate wealth of $2.4bn (£1.5bn). *Elie Wiesel Jewish schools and charities have been particularly hard hit by the losses, and among them is the Elie Wiesel Foundation for Humanity. The charity was founded in 1986 by the Holocaust survivor and writer, shortly after he was awarded that year's Nobel Peace Prize.
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