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List Of Investors In Bernard L. Madoff Investment Securities
Investors in Bernard L. Madoff Investment Securities LLC lost billions of dollars in the Madoff investment scandal, a Ponzi scheme fraud 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 of $18 billion, and much of that money has been returned. The 162-page list of clients (without investment amount), filed in U.S. Bankruptcy Court in Manhattan, was made public on February 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'', and ''The Wall Street Journal ''The Wall Street Journal'' is an American business-focused, international daily newspaper based in New York City, with international editions ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Madoff Investment Scandal
The Madoff investment scandal was a major case of stock and securities fraud discovered in late 2008. In December of that year, Bernie Madoff, the former NASDAQ chairman and founder of the Wall Street firm Bernard L. Madoff Investment Securities LLC, admitted that the wealth management arm of his business was an elaborate multi-billion-dollar Ponzi scheme. Madoff founded Bernard L. Madoff Investment Securities LLC in 1960, and was its chairman until his arrest. The firm employed Madoff's brother Peter as senior managing director and chief compliance officer, Peter's daughter Shana Madoff as rules and compliance officer and attorney, and Madoff's sons Mark and Andrew. Peter was sentenced to 10 years in prison, and Mark died by suicide exactly two years after his father's arrest. Alerted by his sons, federal authorities arrested Madoff on December 11, 2008. On March 12, 2009, Madoff pleaded guilty to 11 federal crimes and admitted to operating the largest private Ponzi scheme in h ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Grupo Santander
Banco Santander, S.A., doing business as Santander Group (, , Spanish: ), is a Spanish multinational financial services company based in Madrid and Santander in Spain. Additionally, Santander maintains a presence in all global financial centres as the 16th-largest banking institution in the world. Although known for its European banking operations, it has extended operations across North and South America, and more recently in continental Asia. It is considered a systemically important bank by Financial Stability Board. Many subsidiaries, such as Abbey National, have been rebranded under the Santander name. The company is a component of the Euro Stoxx 50 stock market index. In May 2016, Santander was ranked as 37th in the Forbes Global 2000 list of the world's biggest public companies. Santander is Spain's largest bank. Banco Santander is chaired by Ana Patricia Botín-Sanz de Sautuola O'Shea, daughter and granddaughter of former chairmen Emilio Botin-Sanz de Sautuola ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Union Bancaire Privée
Union Bancaire Privée (UBP SA) is a private bank and wealth management firm headquartered in Geneva. UBP is one of the largest private banks in Switzerland, and serves private and institutional clients. The bank was founded in 1969 by Edgar de Picciotto, and is one of the best-capitalized banks in Switzerland, with CHF 160.4 billion of assets under management. History Edgar de Picciotto established the Compagnie de Banque et d’Investissements (CBI) in Geneva on 11 November 1969. CBI acquired TDB-American Express Bank in 1990, which led to the creation of the current entity, Union Bancaire Privée. UBP developed further with the takeover of the Discount Bank and Trust Company in 2002. In 2011, UBP acquired the Swiss arm of Dutch state-owned ABN Amro Bank, a pure Swiss private bank. The same year, UBP also broadened its operations in Asia by establishing two joint ventures in Hong Kong and Taiwan with TransGlobe. In 2012, UBP acquired Paris-based fund of hedge funds Nexar Cap ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Aurelia Finance
Aurelia Finance SA was a private bank and fund-management company in Geneva, Switzerland that was set up as a feeder fund to Bernie Madoff's illegal Ponzi scheme. Aurelia managed 1.7 billion Swiss francs of clients' money, and advised clients to invest in the Hermes World Fund, a Madoff feeder fund which was listed in Dublin in January 2004, as part of a "conservative" portfolio. Madoff It placed assets of its 800 million Swiss francs ($758 million) Hermes World Fund in investments with Bernard Madoff. Irving Picard, the trustee charged with recovering money for Madoff fraud victims, alleged that in September 2008 when a JPMorgan Structured Investments Distribution Marketing division employee disclosed JPMorgan plans to redeem its money, he was threatened by employees of Aurelia Finance. Picard asserted in a complaint: "The Aurelia Finance representatives repeatedly opposed P Morgan'splan. At two points in the conversation, the Aurelia Finance representatives made threats ... r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Le Temps
''Le Temps'' (literally "The Time") is a Swiss French-language daily newspaper published in Berliner format in Geneva by Le Temps SA. It is the sole nationwide French-language non-specialised daily newspaper of Switzerland. Since 2021, it has been owned by Fondation Aventinus, a not-for-profit organisation. According to the Research Department on Public Opinion and Society (FÖG) of the University of Zurich, it is of "high quality". History and profile First published on 18 March 1998, it is the result of the merger of three major newspapers from the Lake Geneva region: the '' Journal de Genève'', ''Gazette de Lausanne'' and '' Le Nouveau Quotidien.'' Previously owned by Ringier, it has been majority-owned by the not-for-profit Fondation Aventinus (95.5%). The remaining shares are held by the Groupe Le Monde (2.1%) and the employee-owned Société des rédacteurs et du personnel du Temps SA (2.4%). , the newspaper had around 120 employees, spread across newsrooms in Geneva ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Genevalor Benbassat & Cie
Genevalor Benbassat & Cie is an asset manager located in Geneva, Switzerland. The firm set up five European feeder funds that invested almost $2 billion into Bernie Madoff's criminal Ponzi scheme. History Genevalor was founded in 1983. In 1992 Sonja Kohn introduced Bernie Madoff to Mario Benbassat, founder of Genevalor Benbassat & Cie, and his two sons in New York, as a possible source of new funds for Madoff. Genevalor set up five European feeder funds, including $1.1bn Irish fund Thema International Fund set up by Thema Asset Management, a British Virgin Islands-based company 55 per cent owned by Genevalor, and invested almost $2 billion with Madoff. Thema International paid fees of 1.25 per cent ($13.75m a year) to Genevalor Benbasset & Cie. ''The Wall Street Journal'' reported in December 2008 that the company was said to be a key player distributing Madoff investments in the Madoff investment scandal. In December 2010, U.S. court-appointed trustee Irving Picard sued HSBC fo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
HSBC
HSBC Holdings plc is a British multinational universal bank and financial services holding company. It is the largest bank in Europe by total assets ahead of BNP Paribas, with US$2.953 trillion as of December 2021. In 2021, HSBC had $10.8 trillion in assets under custody (AUC) and $4.9 trillion in assets under administration (AUA), respectively. HSBC traces its origin to a hong in British Hong Kong, and its present form was established in London by the Hongkong and Shanghai Banking Corporation to act as a new group holding company in 1991; its name derives from that company's initials. The Hongkong and Shanghai Banking Corporation opened branches in Shanghai in 1865 and was first formally incorporated in 1866. HSBC has offices in 64 countries and territories across Africa, Asia, Oceania, Europe, North America, and South America, serving around 40 million customers. As of 2022, it was ranked no. 38 in the world in the Forbes rankings of large companies ranked by sales, profits ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Thema Fund
Thema International Fund PLC, based in Dublin, Ireland, is a Dublin-listed, Undertakings for Collective Investment in Transferable Securities (UCITS) III-certified, open-end fund incorporated in Ireland, which was launched in December 1996. It created only one sub-fund, the Thema Fund. The fund had a minimum investment requirement of $50,000. Thema Fund acted as a feeder fund for Bernard Madoff, seeking funds from investors and channeling them to Madoff Securities. As of November 2008, the then-purported net asset value invested in the fund was $1.1 billion. The fund stopped providing redemptions in December 2008, shortly after the Madoff investment scandal broke, and it was discovered that Madoff was running a Ponzi scheme. Investment manager, investment adviser, and custodian Bank Medici AG, an Austrian bank, was Thema Fund's investment manager. In return for finding investors, Bank Medici collected fees of 4.6 million euros from Thema International Fund in 2007. Bank M ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Banks In The Netherlands
This is a list of banks in the Netherlands. Central bank *De Nederlandsche Bank Development Bank *FMO (Netherlands) Major banks *ABN Amro *ING Group *Rabobank *De Volksbank Smaller banks * Amanah Group Holdings * Anadolubank Nederland N.V. *Bank Mendes Gans (cash management) *Bank Nederlandse Gemeenten (financing for (semi-)publicly owned organisations) *BinckBank (electronic trading platform) *Bunq *Credit Europe Bank * Demir Halk Bank (commercial bank) *Friesland Bank (retail bank) * GarantiBank International NV *GE Artesia Bank *Kempen & Co (merchant bank) *Knab * Nederlandse Waterschapsbank (financing for (semi-)publicly owned organisations) *Netherlands Development Finance Company (development bank) *NIBC Bank (commercial bank) * Regiobank *Triodos Bank *Van Lanschot Kempen (private bank) *Yapi Kredi Bank Nederland N.V. Foreign banks * Amsterdam Trade Bank * Argenta *Commerzbank AG *Deutsche Bank *N26 *Revolut *Royal Bank of Scotland *TransferWise Defunct banks ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fortis Bank Nederland
Fortis Bank Nederland (formally Fortis Bank Nederland (Holding) N.V.) was a bank in the Netherlands until 2010. The holding came into being within Fortis Group, as a holding for those Dutch banks taken over by Fortis. In September–October 2008, the Dutch government first planned to invest €4 billion in exchange for an almost 50% interest in the holding (in new-to-be-issued shares), but within a week the agreement was cancelled. The Dutch government took over all the Dutch parts of Fortis for a total of €16.8 billion; in this take-over, Fortis Bank Nederland was valued at €5 billion. Later, Fortis Bank Nederland appeared in the news because it had lost €1 billion in the Madoff investment scandal. In March 2009, it reported that during 2008 it had an operational profit of €0.6 billion; this excluded (massive) write-offs. In February 2010 Fortis Bank Nederland was integrated into the new ABN AMRO by the Dutch Government and some parts were sold off. On the July 1 that ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Access International Advisors
Access International Advisors and Marketers (AIA Group), a Securities and Exchange Commission-registered investment advisor and a hedge fund of funds, was a research analyst investment agency that specialized in managing hedged and structured investment portfolios that involve commercial physical and biological research. It was a feeder fund into the securities firm of Bernie Madoff, as part of the Madoff investment scandal. History The company was co-founded in 1994 by French bankers, yachtsman René-Thierry Magon de la Villehuchet (the former CEO of Crédit Lyonnais Securities USA) and Patrick Littaye. Philippe Junot, the first husband of Princess Caroline of Monaco, was a partner of the company. The firm told investors in 2008 that it conducted extensive due diligence on funds in which it invested. Access International Advisors LLC’s LuxAlpha Sicav-American Selection was a UCITS fund that invested 95% of its money with Bernie Madoff. It had $1.4 billion in net assets a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Medici
Bank Medici was a bank based in Vienna, Austria. It was founded in 1994 by banker Sonja Kohn and incorporated as a bank in 2003. Bank Medici's president and majority stakeholder was Sonja Kohn. Its main institutional shareholder was Bank Austria Creditanstalt, Austria's largest banking group. Kohn owned 75% of the bank, and Bank Austria owned the balance."Austria’s ‘Woman on Wall St.’ and Madoff" by Nelson D. Schwartz and Julia Werdigier ''The New York Times'' January 7, 2009, p. A1 NY edition. Retrieved 1-17-09 Madoff investments Bank Medici was for |
