Madoff and Minnesotans
Nearly 400 Minnesotans are on the list of Madoff clients, released today in U.S. Bankrupcy Court, the Star Tribune reports.
All of these people qould have lost money when Bernard Madoff's ponzi scheme was revealed late last year, said the Star Tribune.
While the exact amount each person lost was not made public, local attorney's contacted by clients told the Star Tribune that local losses could exceed $300 million.
Clients included Sid Hartman and other notable Minnesotans such as Harold Roitenberg, the retired CEO of the former Modern Merchandising.
The Pioneer Press also names foundations such as the Mayo Foundation.
The Pioneer Press also notes the Madoff name spoke of wealth, and that investing with him was a "badge of honor."