Kevin Bacon, Sandy Koufax among those taken to the cleaners by Madoff [View All]

[marmar]

AP via Yahoo!:



Actors, baseball legends on Madoff client list
Celebrities, baseball legends, relatives named as Bernard Madoff clients on list of thousands

Larry Neumeister, Associated Press Writer
Thursday February 5, 2009, 9:48 am EST


NEW YORK (AP) -- Hall of Fame pitcher Sandy Koufax. Actor Kevin Bacon. World Trade Center developer Larry Silverstein. All three have at least one thing in common: Their names appear on a list of several thousand clients who lost money investing with Bernard Madoff. The list has been made public in a court filing in U.S. Bankruptcy Court in Manhattan.

The list emerged late Wednesday, shortly after a whistleblower in the case, Harry Markopolos, told House lawmakers at a hearing that he had discovered that additional funds had relayed investments to Madoff in Europe -- and that the managers of these "feeder" funds may have ignored signs of the massive fraud scheme.

He plans to present his findings to the Securities and Exchange Commission's inspector general Thursday. If proven, they would substantiate the assertions of many analysts that the alleged fraud was far too large for Madoff to have conducted alone.

House lawmakers on Wednesday also sparred with SEC officials, accusing them of impeding their probe into how the agency failed to uncover the alleged fraud. ........(more)

The complete piece is at: http://finance.yahoo.com/news/NY-court-document-reveals-apf-14260542.html