The potential victims of Bernard Madoff’s alleged $50 billion Ponzi scheme include more than 300 names with Connecticut connections, including actor John Malkovich and singer John Denver’s estate.
While the rich and famous stick out on this list of thousands, hidden behind the names of pension funds are blue and white collar workers who could lose their retirements in this bitter tragedy of greed.
The 162-page list, submitted in the U.S. Bankruptcy court filing in Bernard L Madoff Securities Investments case, is a catalog of devastation that reaches from shore to shore in America and across the seas to Italy, France and England.
Bernard Madoff, once a lion of Wall Street who served on blue ribbon panels about investment strategies, is charged with running a scam for years in which he used new fees from a variety of investors to pay out dividends to other investors.
The list was comprised to help figure out who could be eligible for money once the assets of Madoff’s firm are liquidated.
In an earlier interview, Paul Schatz, president of Woodbridge investment adviser firm Heritage Capital, said Fairfield County is ground zero in the Madoff scandal, and the list released late Wednesday proves that. Schatz did not invest in Madoff and is not on the list, but he said he knew at least 12 of his friends who thought they were getting into something good who now are probably broke.
Besides Malkovich, who was connected to a Westport business at 25 Sylvan Road, John Denver Concerts Inc. and a pension fund related to the late singer were also listed.
The list also includes Dodger great Sandy Koufax.
While the losses are huge for these stars, Madoff’s scheme has also put in jeopardy years of hard work by people whose pensions were invested with him, including Orthopaedic Specialty Group of Fairfield. A few nurses at the medical practice have called the Connecticut Post in tears to relate their fears about their future now that their pensions might be gone. OSG stands to lose $11.6 million in pension funds that 125 employees and 15 doctors had turned over to Madoff.
“This is not right and this is not just,” Dr. Henry Backe, an orthopedic surgeon and partner of OSG, testified before the Senate Banking Committee in January as he told how the group lost its money.
Dr. Robert Dawe, in an interview in December, said it took years for him and his partners at OSG to make the money that has disappeared.
Darien-based MAXAM Capital Management, which steered some Town of Fairfield pension funds to Madoff, was also on the list. MAXAM appears to have lost about $42 million of Fairfield’s pension in Madoff. But Fairfield still has $235 million in its pension fund.
It also looks like Bernard Madoff lost his family’s money, as well. A number of Madoffs with Connecticut residences were on the list.
But not all the names should be on the list, according to Eric Moeller, a business operations manager for Resnick Investment Advisors of Westport.
“We are not now, or ever been, directly invested in any funds of Bernard Madoff,” Moeller said, when asked about his firm being listed twice. He said what happened is the agent collecting data on potential customers grabbed every address in the Madoff files and posted them to the case. Resnick was in those files because the firm has clients who were also doing business with Madoff independently, Moeller said. As part of its service to help people invest money, Resnick commonly asks clients about other investments and asks for reports from other firms, in this case Madoff’s, regarding those investments.
Therefore, according to Moeller, the Resnick name came up in the Madoff investigation.
He said for similar reasons there are probably lawyers and accountants on the list who really don’t belong there. Among the 312 Connecticut addresses listed, there were several public accountants and attorneys.
Among the Connecticut names on the list:
DAVID HOROWITZ CPA HARVEY & HOROWITZ 1813 SILAS DEANE HIGHWAY ROCKY HILL, CT 06067 01305
CONNECTICUT GEN LIFE INS CO ATTN: LOUIS DE PROSPERO 280 TRUMBULL STREET H14A HARTFORD, CT 06104
CONNECTICUT GEN LIFE INS CO ATTN ALLAN WICK PO BOX 2975 280 TRUMBALL STREET #H14A HARTFORD, CT 06104 02975
CONNECTICUT GENERAL LIFE INS SEPARATE ACCOUNTS IV-9Y CIGNA CORP INS ATTN: A WICK POB 2975, 280 TRUMBULL ST H14A HARTFORD, CT 06104
HENRY A MADOFF & ADELAIDE MADOFF J/T WROS 128 MOHAWK DRIVE WEST HARTFORD, CT 06117
STAMFORD, CT 06902
TRACY E FILLOW 23 SOUTH MAIN ST PO BOX 799 KENT, CT 06757
TRACY E FILLOW 23 SOUTH MAIN STREET PO BOX 799 KENT, CT 06757
TRACY E FILLOW 23 SOUTH MAIN STREET PO BOX 799 KENT, CT 06757
TRACY E FILLOW 23 SOUTH MAIN STREET PO BOX 799 KENT, CT 06757
TRACY E FILLOW 23 SOUTH MAIN STREET PO BOX 799 KENT, CT 06757
TRACY FILLOW 23 SOUTH MAIN STREET P O BOX 799 KENT, CT 0675
CAPOSSELA COHEN LLC PAUL ROMANIELLO CPA 368 CENTER STREET SOUTHPORT, CT 06890
CAPOSSELA COHEN LLC PAUL ROMANIELLO CPA 368 CENTER STREET SOUTHPORT, CT 06890
CHILDREN OF MARK D MADOFF U/A 3/25/94 ANDREW H MADOFF TRUSTEE 21 CHERRY VALLEY
S J K INVESTORS INC 19 PINECROFT ROAD GREENWICH, CT 06830
SHAWN MATHIAS TRUST DOUGLAS BROWN & ELIZABETH BROWN TRUSTEES 24 OAKLEY LANE GREENWICH, CT 06830
STEPHANIE & LAWRENCE FLINN JR CHARITABLE TRUST 3 GREENWICH OFFICE PARK 2ND FL GREENWICH, CT 06831
THE ASPEN COMPANY P O BOX 5106 WESTPORT, CT 06881
THE GOROFF FAMILY TRUST MARK GOROFF TRUSTEE 448 A HAMMERSTONE LANE STRATFORD, CT 06614
THE MADISON CO ATTN: DAN WIEDEMANN 96 CUMMINGS POINT ROAD STAMFORD, CT 06902 02229
THE MADISON COMPANY ATTN: DAN WIEDEMANN 96 CUMMINGS POINT ROAD STAMFORD, CT 06902
CORINTH ACQUISITION CORP C/O UNITED PIONEER CO 2777 SUMMER STREET STE 206 STAMFORD, CT 06905
DAN WIEDEMANN 96 CUMMINGS POINT ROAD STAMFORD, CT 06902
DAN WIEDEMANN 96 CUMMINGS POINT ROAD STAMFORD, CT 06902
DAN WIEDEMANN 96 CUMMINGS POINT ROAD STAMFORD, CT 06902
DAN WIEDEMANN 96 CUMMINGS POINT ROAD STAMFORD, CT 06902 07912
DENNIS CUMMINGS CUMMINGS & ASSOCIATES ONE LANDMARK SQUARE STE 1100 STAMFORD, CT 06901
DIANE M ALLISON GUNN GODFREY & ALLISON 35 CHURCH LANE WESTPORT, CT 06880
FAIRFIELD STRATEGIES LTD C/O FRED KOLBER & CO 2 SOUNDVIEW DRIVE GREENWICH, CT 06836
FISHER GROUP LTD PARTNERSHIP C/O BARBARANNE ELWOOD 42 MORGAN AVENUE GREENWICH, CT 06831
HSD INVESTMENTS LP THOMAS M DIVINE, TZEDEK LLC ROGIN, NASSAU, CAPLAN LLC CITYPLACE I 22FL 185 ASYLUM ST HARTFORD, CT 06103
THE NETTER FAMILY CHARITABLE REMAINDER UNITRUST 96 CUMMINGS POINT ROAD
VALERIE AND JEFFREY S WILPON FOUNDATION 14 BROAD ROAD GREENWICH, CT 06830 (NY METS COO, son of principal owner Fred Wilpon)
WEBAT & CO C/O WESTPORT BANK & TRUST CO P O BOX 5177 TRUST DEPT WESTPORT, CT 06881
WEBAT & CO #2 C/O WESTPORT BANK & TRUST CO 107 POST ROAD EAST TRUST DEPT WESTPORT, CT 06880
WILKES FAMILY PARTNERSHIP 17 CROOKED MILE ROAD WESTPORT, CT 06880
ZIESES INVESTMENT ACCOUNT C/O MARSHALL ZIESES 22 DEEPWOODS LANE OLD GREENWICH, CT 06870
JOHN MESSINA C P A MESSINA CECI ARCHER 196 DANBURY ROAD WILTON, CT 06897P
JUDITH GOLDFARB 10 CLOSE ROAD GREENWICH, CT 06831
JUDITH GOLDFARB 10 CLOSE ROAD GREENWICH, CT 06831
JUDITH GOLDFARB 10 CLOSE ROAD GREENWICH, CT 06831
JUDITH GOLDFARB 10 CLOSE ROAD GREENWICH, CT 06831
JUDITH GOLDFARB 10 CLOSE ROAD GREENWICH, CT 06831
JUDITH GOLDFARB 10 CLOSE ROAD GREENWICH, CT 06831
JUDITH GOLDFARB 10 CLOSE ROAD GREENWICH, CT 0683
KREVOLIN & DONATO PC ATTN SHERMAN KREVOLIN PO BOX 612 NEW HAVEN, CT 06503
L F TRADING LLC 3 GREENWICH OFFICE PARK 2ND FL GREENWICH, CT 06831
MARK MADOFF 21 CHERRY VALLEY ROAD GREENWICH, CT 06831
MARK MADOFF 21 CHERRY VALLEY ROAD GREENWICH, CT 06831
MARK MADOFF 21 CHERRY VALLEY ROAD GREENWICH, CT 06831
MURPHY SLOMAN & CO ATTN: BARBARA FRISBEE 420 EAST MAIN STREET BUILDING 1 UNIT 11 BRANFORD, CT 06405
MURPHY SLOMAN & COMPANY ATTN: BARBARA FRISBEE 420 EAST MAIN STREET BUILDING 1 UNIT 11
PORTFOLIO INTEGRATION LLC ATTN: FRANK A ZACH TWO SOUND VIEW DRIVE STE 100 GREENWICH, CT 06902
For the full list, go to Crain’s New York Business.
