Investors in Bernard L. Madoff Investment Securities LLC lost billions of dollars in the Madoff investment scandal, a Ponzi scheme conducted by Bernard Madoff. The amount missing from client accounts, over two thirds of which were fabricated gains, was almost $65 billion. The court-appointed trustee Irving Picard estimated actual losses to investors at $18 billion, and much of that money has been returned.

The 162-page list of clients (without investment amount), filed in United States bankruptcy court in Manhattan, was made public on February 4, 2009.Affidavit of Mailing, SIPC v. Bernard L. Madoff Investment Securities LLC, No. 08-01789 (Bankr. S.D.N.Y. Feb. 4, 2009). Some of the clients profited. Thousands of individual investors of Fairfield Greenwich, J. Ezra Merkin's Ascot Partners, and Chais Investments are not included.

Several newspapers and news services, including Bloomberg News, The New York Times (NYT), and The Wall Street Journal (WSJ), compiled lists of these investors during the first few months of the scandal, including fabricated gains in the amounts lost. These lists may include double-counting; for example, they may count investments by feeder funds into Madoff Securities, as well as investments made into the feeder funds.

Madoff investor Investor type Potential exposure Source Fairfield Sentry (Fairfield Greenwich Group) US investment firm; Madoff feeder fund $7,500 million (firm statement) WSJ Grupo Santander Spanish bank $3,500 million El País Kingate Management Bermuda hedge fund; Madoff feeder fund $3,500 million Bloomberg Rye Investment Management (Tremont Group) US hedge fund; Madoff feeder fund $3,100 million WSJ Bank Medici of Austria Austrian bank $2,800 million Bloomberg Ascot Partners US hedge fund; Madoff feeder fund $1,800 million WSJ Access International Advisors US hedge fund; Madoff feeder fund $1,400 million Bloomberg Fortis Bank Nederland Dutch Bank $1,350 million firm statement; WSJ Thema Fund Irish hedge fund; Madoff feeder fund $1,100 million media reports HSBC British bank $1,000 million firm statement; WSJ Genevalor Benbassat & Cie Swiss bank; Madoff feeder fund $935 million Le Temps Aurelia Finance Swiss bank; Madoff feeder fund $800 million Le Temps Union Bancaire Privée Swiss bank $700 million WSJ Natixis French bank $600 million Bloomberg Royal Bank of Scotland British bank $600 million media reports Sterling Equities investment firm $500 million New York Post BNP Paribas French bank $475.3 million Bloomberg BBVA Spanish bank $404 million Reuters Fix Asset Management US alternatives firm $400 million firm statement Ruth and Carl J. Shapiro US individuals $400 million WSJ RMF (Man Group) UK hedge fund $360 million firm statement; WSJ Nomura Japanese broker $358.9 million WSJ Reichmuth Matterhorn Swiss private bank $330 million Bloomberg Normal Holdings $302 million StreetInsider.com Pioneer Alternative Investments Irish alternatives firm $280 million Bloomberg Maxam Capital Management US fund of hedge funds; Madoff feeder fund $280 million WSJ J.P. Jeanneret Associates investment adviser $250 million The Post Standard (www.syracuse.com) EIM Group European bank $230 million Le Temps/WSJ Ira Rennert US individual $200 million FINalternatives Bank Austria Austrian bank $192.1 million Der Standard Ulatan Holdings Inc (UGI Capital Fund) Family Office Holdings $191.6 million WSJ Tremont Capital Management (Tremont Group) US fund of hedge funds $190 million firm statement M&B Capital Advisers Spanish money manager $187.9 million El Mundo Jerome Fisher (Nine West founder) individual $150 million media reports Carl and Ruth Shapiro Family Foundation charity $145 million The Boston Globe Yeshiva University US Jewish university endowment $140 million Bloomberg Aozora Bank Japanese bank $137 million WSJ Axa French insurer less than $135 million Reuters Crédit Mutuel French bank $124 million Bloomberg Dexia Franco-Belgian bank $106.9 million firm statement UniCredit Italian financial firm $100 million Bloomberg Hadassah Jewish charity $90 million WSJ Unione di Banche Italiane Italian bank $84.9 million Bloomberg Nordea Swedish bank $65 million Reuters Hyposwiss Private Bank Genève Swiss private bank $50 million Reuters; WSJ Korea Life Insurance Co. Korean insurer $50 million Yonhap News Banque Benedict HentschSwiss private bank $47.5 million firm statement Royal Dutch Shell Anglo-Dutch pension $45 million Reuters Almus Capital US Family Office $42.4 million Reuters Town of Fairfield, Connecticut US pension fund $42 million WSJ Royal Bank of Canada Canadian bank $40.4 million The Globe and Mail Wolosoff Foundation charity $38 million FINalternatives Bramdean Asset Management asset manager $31.2 million WSJ Mortimer B. Zuckerman Charitable Remainder Trust (New York Daily News owner's charity) US charity $30 million CNBC Arthur I. and Sydelle F. Meyer Charitable Foundation charity $29.2 million The Palm Beach Post Chris Lighty individual $23 million Boston Herald Sumitomo Life Insurance Co. Japanese insurer $22 million WSJ Madoff Family Foundation Bernard Madoff's Charity $19 million WSJ Los Angeles Jewish Community Foundation Jewish charity $18 million WSJ Foundation for Humanity (Elie Wiesel's charity) charity $15.2 million WSJ America-Israel Cultural Foundation US-Israeli charity $15 million NYT KSM Capital Advisors investment firm $15 million Indianapolis Business Journal The Phoenix Holdings Israeli financial services company $15 million firm statement Harel Insurance Investments and Financial Services Israeli insurer $14.2 million WSJ Alicia Koplowitz individual $13.7 million Europa Press Groupama French Insurer $13.6 million firm statement Société Générale French bank less than $13.5 million Reuters Bâloise Swiss insurer $13 million WSJ Lautenberg Family Foundation charity $12.8 million media reports Crédit Agricole French bank less than $12.32 million WSJ KAS Bank bank $12.3 million firm statement Marion and Elie Wiesel US individuals $12 million WSJ Massachusetts Pension Reserves Investment Management US pension $12 million Reuters Mitsubishi UFJ Financial Group Japanese financial institution $11 million Bloomberg Hampshire County Council pension $10.7 million IPE PWA Asset Holding Joint Trust US individual $10.5 million WSJ United Jewish Endowment Fund Jewish charity less than $10 million JTA Banco Popolare Italian bank $9.86 million WSJ Korea Teachers Pension Korean pension $9.1 million WSJ Robert I. Lappin Charitable Foundation Jewish charity $8 million The Washington Post Chais Family Foundation Jewish charity $7 million WSJ Jewish Federation of Greater Los Angeles Jewish charity $6.4 million media reports Technion – Israel Institute of Technology Israeli university $6.4 million Globes Vincent Tchenguiz British individual $6.3 million FINalternatives The Ramaz School Jewish school $6 million WSJ Irwin Kellner (named plaintiff on first lawsuit against Madoff) individual $6 million lawsuit Julian J. Levitt Foundation Jewish charity $6 million WSJ North Shore-Long Island Jewish Health System US pension fund $5.7 million WSJ Stony Brook University Foundation US university endowment $5.4 million Bloomberg Maimonides School (Boston) Jewish school $5 million Bloomberg Neue Privat Bank Swiss bank $5 million WSJ Congregation Kehilath Jeshurun (New York) synagogue $3.5 million WSJ Dorset County Pension Fund UK pension $3.5 million LocalGov.co.uk Almus Real Estate Investments individual $3.4 million firm statement Clal Insurance Israeli insurer $3.1 million WSJ New York Law School US law school $3 million lawsuit Swiss Reinsurance Co. Swiss reinsurer $3 million WSJ Global Specialised Opportunities 1 Bermuda fund $2.8 million fund statement Larry King U.S. individual $2.8 million GQ Banca March Spanish Bank $2.5 million Cinco Días American Friends of Yad Sarah Jewish charity $1.5 million WSJ Caisse des dépôts et consignations French bank $1.38 million Bloomberg SAR Academy (New York) US school $1.2 million Bloomberg News Harold Roitenberg US individual $1 million Minneapolis Star-Tribune Allegretto Fund Hedge fund $790,000 firm statement Mediobanca Italian bank $671,000 WSJ Stanford Financial Group international financial services firm that managed a Ponzi scheme separate from the Madoff Ponzi scheme $600,000 (£400,000) The Times Allianz Global Investors German investment firm n/a Citywire Austin Capital Management fund of hedge funds n/a Reuters AWD financial services provider n/a Citywire Kevin Bacon and Kyra Sedgwick (actors) US actors n/a New York magazine Banesto Spanish bank n/a Reuters Ed Blumenfeld (Long Island real estate developer) US individual n/a Long Island Business News Norman Braman (former Philadelphia Eagles' owner) US individual n/a WSJ Chair Family Foundation US charity n/a FINalternatives Erste Bank Austrian bank n/a Der Standard Fair Food Foundation US charity n/a Crain's Detroit Business Leonard Feinstein (Bed Bath & Beyond co-founder) US individual n/a Newark Star-Ledger Avram and Carol Goldberg (Stop n Shop founders) US individuals n/a Reuters Joyce Z. Greenberg (donor to Jewish cultural programs) individual n/a Houston Chronicle Bank Gutmann AG Austrian bank n/a Citywire members of the Hillcrest Country Club (Saint Paul, Minnesota) US club n/a Star-Tribune INTAC Global Preservation Hedge Portfolio (via Rye Investment Management) fund of hedge funds n/a fund documents JEHT Foundation US charity n/a foundation statement Henry Kaufman (former chief economist at Salomon Brothers) US individual n/a WSJ KBC Bank Belgian bank n/a firm statement Sandy Koufax US individual n/a Associated Press Knowsley MBC public sector pension n/a LocalGov.co.uk Rodger Krouse (co-founder of private equity firm Sun Capital Partners) US individual n/a The New York TimesThe New York Times: "In a Romney Believer, Private Equity’s Risks and Rewards" by JULIE CRESWELL January 21, 2012 Last Atlantis Capital Management fund of hedge funds n/a fund documents Leonard Litwin US individual n/a Bloomberg Liverpool City Council UK pension n/a LocalGov.co.uk LLBW German bank n/a Citywire Mirabaud bank n/a Le Temps The Moriah Fund charity n/a FINalternatives MorseLife charity n/a Palm Beach Post Notz, Stucki & Cie Swiss bank n/a Le Temps Members of the Oak Ridge Country Club (Hopkins, MN) US individuals n/a Star-Tribune Optimal Investment Services (Grupo Santander) alternatives firm n/a Bloomberg Palm Beach Country Club US country club n/a CNBC Eric Roth (screenwriter) US individual n/a Los Angeles Times St. Helens MBC UK pension n/a LocalGov.co.uk Sefton MBC UK pension n/a LocalGov.co.uk SNS Reaal Groep Dutch financial services firm n/a Bloomberg Family of former New York Governor Eliot Spitzer US individuals n/a Clusterstock.com Symphony Fund (via Pioneer Alternative Investments) fund of hedge funds n/a fund documents Jeff Tucker (Stone Bridge horse farm owner, Fairfield Greenwich Group founding partner) US individual n/a WNYT television Thyssen family family office n/a Clusterstock.com UBS Swiss bank n/a Reuters Lawrence Velvel (Dean Emeritus, Massachusetts Law School) US individual n/a WSJ Wilpon family (New York Mets owner) family office n/a WSJ Wunderkinder Foundation (Steven Spielberg's charity) charity n/a WSJ Shusaku Arakawa and Madeline Gins US couple n/a WSJ

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| Last updated March 2009