BERNIE MADOFF PONZI SCHEME: Victim List Grows

The Bernie Madoff ponzi scheme is hitting both individual investors like Senator Frank Lautenberg, owners of the NY Mets and the Philadelphia Eagles as well as major markets throughout the world. Even one of Steven Spielberg's charities has been exposed to the Madoff scandal. Read the reports below and see the slideshow:
Clusterstock has a comprehensive list of all of Madoff's victims:
Word on the identities of Bernie Madoff's clients / victimes continues to emerge. Please add new names to comments (or via email to hblodget@alleyinsider.com).
HSBC "has emerged as one the largest victims of Bernard Madoff's alleged fraud with potential exposure of about $1bn to the investment manager's collapsed venture...HSBC's exposure stemmed from loans it provided to institutional clients, mainly hedge funds of funds, that wanted to invest with Mr Madoff. HSBC's direct exposure is believed to be about $1bn in loans provided to clients who invested some $500m of their own funds in Mr Madoff's venture. Under the typical terms of these deals, if the US authorities recover any funds from Mr Madoff, HSBC will be paid first, with its clients suffering the first tranche of losses." (FT:) LinkHere

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The $50 Billion Victim List Keeps Growing