Wall Street legend Bernard L. Madoff pleaded guilty to 11 felonies and the largest financial fraud in U.S. history. He faces 150 years behind bars as well as restitution of up to $170 billion.

Thousands of investors in Bernard L. Madoff Securities LLC have lost a total up to $64.8 billion. Reportedly, Madoff had a total of 4,800 clients. Until the end of 2008, Madoff ran the wealthy investment arm of his business, Bernard L Madoff Investment Securities LLC, secretly and separately from the main trading and market-making floor of his offices, with records kept “under lock and key.”

The FBI alleges that Madoff “paid certain investors purported returns on investment with the principal received from other, different investors, which resulted in losses of billions of dollars.”

Recent court documents list names of Bernard Madoff’s clients. The 162-page client list filed in U.S. Bankruptcy Court in Manhattan was made public on February 4, 2009.

Many of Madoff’s investors came from the wealthy enclaves Palm Beach, Florida and Long Island, New York, where people had invested billions of dollars in Madoff’s firm for decades.

The list includes hundreds of trust funds, charities, pension plans and unions, as well as Madoff’s own grandchildren. Madoff served on the boards of nonprofit institutions, many of which entrusted his firm with their endowments. Below is a partial listing.

List of Investors in Bernard L. Madoff Securities, LLC:

• Sandy Koufax (baseball player)
• Larry Silverstein (Ground Zero developer)
• The estate of late John Denver (singer)
• John Malkovich (actor)
• Tim Teufel (former second baseman for the Mets)
• Kevin Bacon and Kyra Sedgwick (actors)
• Alicia Koplowitz (ranks 198 on Forbes’ World’s Billionaires 2008)
• Ruth and Carl J. Shapiro (founded Kay Windsor, Inc., one of the largest women’s apparel companies in the country.)
• Ira Rennert (Rennert’s Hampton’s home cost an estimated $100 million to build. The 100,000 square feet house is on a 68 acre beachfront lot, has 29 bedrooms, 2 bowling alleys, and 39 bathrooms.)
• Marion and Elie Wiesel (Nobel Laureate, Holocaust survivor, writer, political activist.)
• SAR Academy (New York)
• Dorset County Pension Fund
• Jerome Fisher (Nine West founder)
• Town of Fairfield, Connecticut
• Mortimer B. Zuckerman Charitable Remainder Trust (New York Daily News owner’s charity)
• Madoff Family Foundation
• Los Angeles Jewish Community Foundation
• Massachusetts Pension Reserves Investment Management
• Korea Teachers Pension
• Hampshire County Council
• The Ramaz School
• Stony Brook University Foundation
• New York Law School
• Norman Braman (former Philadelphia Eagles owner)
• Leonard Feinstein (Bed Bath & Beyond co-founder)
• Avram and Carol Goldberg (Stop n Shop founders)
• Hillcrest Country Club members (St. Paul, MN)
• Henry Kaufman (former chief economist at Salomon Brothers)
• Eric Roth (screenwriter who won the Oscar for Best Adapted Screenplay for Forest Gump in 1994.)
• Oak Ridge Country Club members (Hopkins, MN)
• Jeff Tucker (Stone Bridge horse farm owner, Fairfield Greenwich Group founding partner)
• Family of Eliot Spitzer (former New York Governor)
• Palm Beach Country Club
• Lawrence Velvel (Massachusetts Law School dean)
• Wilpon family (New York Mets owner)
• Wunderkinder Foundation (Steven Spielberg’s charity)
• Stanford Financial Group (manages US$8.5 billion of assets for more than 30,000 clients in 136 countries on six continents)
• UBS (the world’s largest manager of private wealth assets and the second-largest bank in Europe)
• Royal Bank of Scotland
• Fortis Bank Nederland
• HSBC Holdings PLC (both the world’s largest banking group and the world’s 6th largest company according to a composite measure by Forbes magazine.)
• Bank Austria
• Unione di Banche Italiane
• Royal Dutch Shell PLC, or Shell (is the second largest private sector energy corporation in the world)
• Royal Bank of Canada

Professional Financial & Investment Evaluations

If you are concerned, or have suspicions about an investment deal that you are involved in or considering investment in, you can determine its validity by hiring a professional financial evaluator.

Mr. Al Golden specializes in evaluating investments to protect businesses and individuals against possible frauds. He also provides CFO and Controller Services, forensic accounting, comprehensive business valuation, and forensic accounting. He is a Certified Public Accountant (CPA), Certified Valuation Analyst (CVA), a Diplomat of the American Board of Forensic Accounting (DABFA), Certified in Financial Forensics (CFF), and is a member of the American Institute of Certified Public Accountants, the National Association of Certified Valuation Analysts, and the American College of Forensic Examiners.

A.M. Golden Accountancy Corporation offers a free initial consultation - To speak with Mr. Golden immediately, please call his direct line by dialing (760) 444-1913.  If you’d prefer, you may also send an email: al@amgolden.com