$50 billion Scheme

The list of investors who say they were duped in one of Wall Street's biggest Ponzi schemes is growing, snaring some of the world's biggest banking institutions and hedge funds, the super rich and the famous, pensioners and charities.

The alleged victims who sunk cash into veteran Wall Street money manager Bernard Madoff's investment pool include real estate magnate Mortimer Zuckerman, the foundation of Nobel laureate Elie Wiesel, and a charity of movie director Steven Spielberg, according to The Wall Street Journal.
http://news.yahoo.com/s/ap/20081215/
ap_on_bi_ge/wall_street_arrest

Some of the biggest and best-known names in global finance are calculating they may have lost nearly $2 billion in an alleged $50 billion pyramid scheme that led to the arrest of a New York financier last week. Bernard Madoff, a former chairman of the Nasdaq exchange market, was arrested on a single securities fraud charge, CNNMoney reports
http://money.cnn.com/2008/12/15/news/newsmakers/
Madoff_exposure/index.htm?postversion=2008121508