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Title: What was the maximum capitalization of the madoff scheme ? Post by: CosmicVibe on June 07, 2017, 04:52:31 PM I wish to know the scale of the funds invested in the pyramid, was it big or BIG ? :-\ And how long did it took before the big crash ?
I never heard much in the news where I live , so I'm just asking here. Title: Re: What was the maximum capitalization of the madoff scheme ? Post by: darkangel11 on June 07, 2017, 08:47:22 PM It's not that hard to find some information in the web :)
According to The Wall Street Journal the investors with the largest potential losses, including feeder funds, are: Fairfield Greenwich Group, $7.50 billion Tremont Capital Management, which is owned by MassMutual,[225] $3.30 billion Banco Santander, $2.87 billion Bank Medici, $2.10 billion Ascot Partners, $1.80 billion Access International Advisors, $1.40 billion Fortis, $1.35 billion HSBC, $1 billion The potential losses of these eight investors total $21.32 billion. The feeder fund Thema International Fund as of November 30, 2008 had a then-purported net asset value invested in the fund of $1.1 billion. Twenty-three investors with potential losses of $500,000 to $100 million were also listed, with a total potential loss of $540 million. The grand total potential loss in The Wall Street Journal table is $26.9 billion. He started his company in 1960 and we can expect the scheme had its roots somewhere at that time and was running until his arrest in 2009. Title: Re: What was the maximum capitalization of the madoff scheme ? Post by: Ethereum Token on November 09, 2017, 04:09:49 PM unknown
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