jan 1, 2008 - Madoff Claims $17 Billion in Assets

Description:

Madoff claims that his investment advisory business has 23 clients and more than $17 billion under management. The firm claims 51-250 employees but only 1-5 employees performing "investment advisory functions." Its clients consist of:

pooled investment vehicles (51-75 % )
charitable organizations (up to 10 % )
banking or thrift institutions (up to 10 % )
pension and profit-sharing plans (up to 10 % )
other corporations or businesses (11-25 % )

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