Former New York hedge-fund manager Mr Steinhardt told Bloomberg that he lost about $2m investing with financier Ezra Merkin, who funnelled clients’ money to Mr Madoff. Ezra Merkin’s Ascot hedge fund, lost its entire $1.8bn in assets. Mr Steinhardt wound down his business in the 1990s with a fortune estimated at $500m.

Other well-known names to have emerged from the woodwork as victims of the alleged scandal include Mr Bacon and his wife, actress Kyra Sedgwick, who are understood to have lost millions of dollars to the Madoff scheme.

Most surprising to Wall Street is that one of its most savvy economists, the former chief economist at Salomon Brothers Henry Kaufman, had money invested with the alleged fraudster. The economist is believed to have lost several million dollars, which he reportedly had in a brokerage account with Bernard L. Madoff Investment Securities for more than five years.

Complete Story: http://www.telegraph.co.uk/finance/financetopics/bernard-madoff/4061288/Hollywood-star-Bacon-joins-growing-list-of-Madoff-victims.html

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