Madoff: The Ponzi Scheme Interactive List (including Steven Spielberg)

Madoff

Msnbc.com put together an interactive list of the Madoff victims, amazing he took $50 billion from investors worldwide including Steven Spielberg.

Here's the link to their presentation - click here

http://www.solarnavigator.net/films_movies_actors/actors_films_images/steven_spielberg_et_go_home.jpgThe growing roster now features a virtual Who's Who, including the charitable foundations of Nobel Laureate Elie Wiesel, movie director Steven Spielberg, Sen. Frank Lautenberg of New Jersey and New York publisher Mortimer Zuckerman.

LOS ANGELES (AFP) — Steven Spielberg's charitable foundation fell victim to the mammoth 50-billion-dollar fraud allegedly carried out by Wall Street heavyweight Bernard Madoff, reports said.

It is not known if the Oscar-winning film-maker had chunks of his personal fortune invested with Madoff but the director's Wunderkinder Foundation has suffered losses, according to the Wall Street Journal.

The foundation could not be immediately contacted for comment.

The newspaper reported that about 70 percent of the dividend income and interest for the foundation had been handled by Madoff's securities firm, which is now the subject of one of the biggest fraud investigations in history.

The Journal also cited people familiar with the case as saying that Spielberg's partner at DreamWorks Animation SKG, chief executive Jeffrey Katzenberg, had sustained "millions in Madoff-connected losses."

The report said both Katzenberg and Spielberg were the only two clients of legendary Hollywood financial adviser Jerry Breslauer, who had dealt with Madoff since 2004.

Turns out Jaws wasn't the only thing to take a bite out of Steven.

http://www.susology.com/blogimages/spielberg1.jpg

SOURCE: http://www.google.com/hostednews/afp/article/ALeqM5hxpfSM5cdeh2-_Ojm-eM5...

WallStNation.comThanks for visiting WallStNation.com, to assist your investing research try using our Search (click to access) or review the list of Tickers (click to access) that link directly to articles related to the given stock/security.

To Browse our Most Recent Stories (click here)


Share WallStNation.com Content

Share this article with others, WallStNation.com is the Independent Wall Street Newspaper. Thanks for Reading!

Daily Market Summary

DOW by Finviz.com  

 


Please Review the WallStNation.com Disclaimer and remember that information provided by our site is at the investor's sole financial risk. Please Review for more Details