Madoff fraud victims: NJ Sen. Lautenberg, ex-Eagles' Braman, Sov Bank owner
Bernard Madoff, a New York trader who's a former chairman of the Nasdaq stock market, may have lost $50 billion for European banks, Jewish investors and other clients in the biggest-ever Ponzi scheme, the SEC says.
More about Bernard Madoff, the Wall Street trader and former Nasdaq stock market chairman who the SEC says may have lost $50 billion for clients in an elaborate Ponzi scheme.
1) Madoff victims of interest in Philly include former Eagles owner Norman Braman of Miami (says WSJ) and U.S. Sen. Frank Lautenberg, D-NJ (says Bergen Record). AP story here.
2) Spain's Banco Santander, which controls Sovereign Bank among other properties around the world, says it invested over $3 billion in clients' money with Madoff. Bloomberg story here.
3) SEC's case against Madoff here.
4) List of Madoff victims identified in the news so far -- total at least $20 billion -- mostly from hedge funds and banks -- here.