Friday, December 11, 2009
Bernie Madoff's alphabet
Andrew, one of Bernard Madoff’s two sons, the former director of trading at the now-defunct Bernard L. Madoff Investment Securities, and who has not been charged with any wrongdoing. Reportedly looking at starting a firm involved in, fittingly, disaster recovery.
Butner Federal Correctional Complex, where Madoff is currently doing a 150-year stint.
DiPascali, Frank, Madoff’s chief financial officer and right hand man, one of just two people other than Madoff to be criminally charged. Has pleaded guilty and is apparently cooperating with authorities to get a lesser sentence.
Depository Trust & Clearing Corporation, with which the SEC astonishingly never thought to cross reference Madoff’s trading records while investigating scheme allegations.
Donahue, Mark, SEC lawyer who supervised an investigation into Madoff that turned up irregularities and who reported to Eric Swanson (see below).
Everyone else in the Jewish philanthropic community, also victimized.
Fairfield Greenwich Group, manager of the Fairfield Sentry Fund, Madoff’s largest feeder.
Five, number of separate SEC investigations that missed the Madoff fraud.
Genevievette Walker-Lightfoot, SEC Office of Compliance Inspections and Examinations lawyer who wanted to go further with a review of Madoff in 2004 after finding some irregularities but who supposedly was told to conclude it so she could get to work on a mushrooming mutual fund industry scandal.
Ira Sorkin, Madoff’s defense attorney.
J. Ezra Merkel, managing partner of Ascot Partners, a large Madoff feeder fund.
Mark, one of Madoff’s two sons, and the one who has not been charged with any wrongdoing.
Nasdaq, the stock exchange of which Madoff was once chairman.
Orthopedic Specialty Group, Fairfield, Conn.-based medical practice that employs more than 100 people and which decided in 1992 to invest its entire portfolio of retirement assets with Madoff.
Picard, Irving, trustee in charge of recovering Madoff’s assets.
Public Company Accounting Oversight Board (PCAOB), with which auditors of broker-dealers are supposed to be registered, and with which Madoff “auditor” Friehling & Horowitz was not.
Shana, daughter of Madoff’s brother Peter, and who worked at BLMIS as a compliance officer, and who dated and later married SEC compliance lawyer Eric Swanson, and who has not been charged with any wrongdoing.
Split Strike Conversion, purported equity options strategy used to produce his supposedly steady, consistent returns.
Tremont Group, OppenheimerFunds-owned fund of hedge funds that fed more than $3 billion to Madoff.
Union Bancaire Privée, Geneva, Switzerland-based private bank that invested $1 billion in Madoff through Fairfield Greenwich.
Victims of the monstrous swindle, at least 14,000
“Verify, Trust but,” popular saying in variety of investigative fields, less used within SEC inspection units staffed by lawyers a little too cozy with Madoff.
(X-17A-5, Form), three-part, SEC-mandated audit questionnaire that broker-dealers such as BLMIS are required fill out annually, and which Madoff personally signed each year attesting that the information provided and supporting materials were valid and truthful.
Yeshiva University, chiseled out of $110 million.
(Bernie Madoff, A-Z h/t hedgeworld idea)
Posted by Palmoni at 8:44 PM