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Tuesday, December 16, 2008

Make $50 billion like Madoff's

One way to be billionaire is by creating your own pyramid scheme. Your can suck money from fool rich investors.You can make billion from this fraud like Madoff. The Bernie Madoff ponzi scheme is hitting both individual investors like Senator Frank Lautenberg, owners of the NY Mets and the Philadelphia Eagles as well as major markets throughout the world. Even one of Steven Spielberg's charities has been exposed to the Madoff scandal.According to charges against Mr. Madoff, his firm paid off earlier investors with money from new investors, fitting the classic definition of a Ponzi scheme. It unraveled as markets declined and many investors who lost money elsewhere sought to withdraw money from their investments with Mr. Madoff.


Madoff’s victim lists:

Tremont Capital. Fund of funds. Lost "hundreds of millions".

Maxam Capital Management LLC. Combined loss of $280 million.

Fairfield Greenwich Group. The biggest loser may be Walter Noel’s Fairfield Greenwich Group

Fix Asset Management. Fix Asset Management, which had an account worth at least $400 million with Madoff Investments.

Kingate Management Ltd. $2.8 billion

Thyssen Family.

Ira Roth's family. Ira Roth $1 million

Sterling Equities. Fund controlled by Fred Wilpon, co-owner of the NY Mets, confirms it had money with Madoff.

Stephen Abbott, a San Francisco lawyer. and two siblings had several hundred thousand dollars invested with Mr. Madoff.

Unnamed European Funds of Funds Palm Beach Country Club.

Lawrence Velvel, "69, dean of the Massachusetts School of Law, millions of dollars Loeb Family.

J. Ezra Merkin. GMAC LLC Chairman "suffered major losses from this catastrophe."

Norman Braman. Former Philadelphia Eagles owner

Richard Spring. $11 million

Members of half-a-dozen country clubs: more than $100 million combined

Bramdean Alternatives in the U.K. 9% of portfolio.

Banque Benedict Hentsch, Geneva-based private bank, $47.5 million.

Nomura and Neue Privat Bank.

Banco Santander. $3 billion EUR worth of exposure via its Optimal hedge fund unit and Banif asset management unit.

Unicredit. The Italian firm had unspecified amount with Madoff via its Dublin-based Pioneer alt-asset group.

Sen. Frank Lautenberg. Unspecified

Robert Lappin Foundation. $8MM foundation plus personal holdings.

BNP Paribas

Ira Rennert. Vicky Ward of Vanity Fair."Heavily, heavily invested."

Englebardt family of Los Angeles.

Stephen A. Fine, president of Biltrite Corp.

Avram and Carol Goldberg, former owners of the Stop & Shop supermarket chain

Helfman family of Miami Saul Katz, co-owner of the New York Mets.

Irwin Kellner, of Port Washington.

Carl and Ruth Shapiro, donors to Brandeis University, and Beth Israel Deaconess Medical Center.

Fairfield County, Connecticut.

Various Boston families:

Various banks

and more...

with totaling about $20-50 billion dolar.


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