Open

Coming up

Don't miss

Replay


LATEST SHOWS

FASHION

Paris, Haute Couture Fall/Winter 2014-2015.

Read more

REPORTERS

Exclusive: an unlikely victim of the 'War on Terror'

Read more

AFRICA NEWS

2014-07-11 21:47 AFRICA NEWS

Read more

MEDIAWATCH

Finally, a good use for new app "Yo"

Read more

THE WORLD THIS WEEK

The World This Week - 11 July 2014 (part 2)

Read more

THE WORLD THIS WEEK

The World This Week - 11 July 2014

Read more

#THE 51%

Sweden: A Feminist's Paradise?

Read more

FRANCE IN FOCUS

Politics: parties under pressure

Read more

FOCUS

In Burma, the rise of radical Buddhism

Read more

  • UN Security Council calls for Israeli-Palestinian ceasefire

    Read more

  • Holland beat hosts Brazil 3-0 to finish third in World Cup

    Read more

  • Afghan presidential candidates agree to full vote audit, Kerry says

    Read more

  • France’s Kadri wins eighth stage at Tour de France

    Read more

  • Legal challenge to French mayor’s ban of Muslim hijab on beach

    Read more

  • Last of the Ramones, Tommy Ramone, dies aged 62

    Read more

  • Video: Outrage in wake of deadly Casablanca buildings collapse

    Read more

  • Iraqi forces ‘executed prisoners in reprisal’ for ISIS killings

    Read more

  • Ukraine promises retaliation after rebel assault

    Read more

  • Putin revives old Cuban flame and eyes Latin American minerals

    Read more

  • Amazon snubs French free delivery ban with one-cent charge

    Read more

  • Cleveland's NBA fans hail 'return of king' LeBron James

    Read more

  • Exclusive: an unlikely victim of the 'War on Terror'

    Read more

  • Magnitude 6.8 quake, small tsunami hit east Japan

    Read more

  • Suspect in Brussels Jewish Museum shooting drops extradition appeal

    Read more

Americas

More Hollywood stars named as Madoff victims

©

Latest update : 2009-02-06

Newly released court papers reveal such stars as Kevin Bacon, John Malkovich, and Larry King as victims of Bernard Madoff's pyramid scheme that caused losses of 50 billion dollars over several years.


AFP - Newly released court papers show alleged Wall Street swindler Bernard Madoff's victims include top Hollywood stars, the man rebuilding the World Trade Center, and Madoff's own family and lawyer.
  
The list at the US Bankruptcy Court in New York shows thousands of people invested with Madoff before his arrest in December and the collapse of his alleged multi-billion dollar Ponzi scheme.
  
They include actors Kevin Bacon and John Malkovich, and Larry Silverstein, a New York property developer who is working on the rebuilding of the World Trade Center destroyed in the 2001 terrorist attacks.
  
CNN news channel's veteran talk show host Larry King is on the list, which was released late Wednesday, as is Fred Wilpon, who owns the New York Mets baseball team.
  
Other prominent victims include some of the world's leading financial institutions: UBS, HSBC, J.P. Morgan Chase, BNP Paribas and Citigroup.
  
A string of museums, charities and pension funds are also reported as having given money to Madoff.
  
In an intriguing twist, the list contains many of those closest to the 70-year-old Madoff. His wife Ruth appears, as do their sons and Madoff's brother.
  
Following his arrest, Madoff was able to enlist only his wife and brother to back his 10-million-dollar bail, which was subsequently tightened to full house arrest in Manhattan.
  
His lawyer, Ira Sorkin, also appears on the list.
  
The 162-page document has more than 80 clients listed on each page, but the amount each invested with Madoff is not shown. Many names are repeated, apparently reflecting various types of investment with the disgraced financier.
  
Prosecutors say Madoff confessed to losing some 50 billion dollars in a years-long pyramid fraud. He has not yet been indicted and there is no immediate indication of when he could go to trial.
  
People on the list are those whom investigators identified through Madoff's records or who have come forward themselves.
  
Since Madoff's arrest, other financiers accused of smaller Ponzi schemes have been arrested around the country.
  
On Thursday, federal judge Jed Rakoff ruled that Marc Dreier, who is accused in a 400-million-dollar fraud, could be freed to await trial under strict house arrest.

Date created : 2009-02-06

Comments

COMMENT(S)