Schelly Talalay Dardashti, of Tracing the Tribe, posted an interesting blog today, alerting us to the fact that the New York Times had posted the infamous “Madoff List.” This list is made up of those folks who lost their money with dear old Bernie Madoff – the guy who pulled off the biggest financial scam in the history of commerce.
The list is long – over 13,000 people, estates, and companies. It’s a pain to browse, since there are only about 20 lines to a page – and it’s in alphabetical order. That works well for companies, but for individuals it’s a bit different. You find the name “Leonard Mayer” alphabetizing under the letter L. However, if you have a name, it’s easy. Just enter the name in the Search box, and you can immediately get the full name of the person involved, along with the person’s address.
If you think about it, this list is made up up of the names and addresses of those who – if they aren’t totally broke – they are at the very least – in a position of having possibly lost one heck of a lot of money. It’s all rather sad.
The following screen shot is from page 324, out of a possible 679 pages of names.
Now go search for your favorite Madoff loser in the January 9, 2009 edition of the New York Times.
Lost their money? Maybe not really, if it’s 10 percent a year return, in 9 or so years (or longer), wouldn’t they have received their money back? The possible term of “clawbacks” come to mind! And that is just the period the famous whistle blower was blowing his whistle.