Madoff Feeder Funds

Yesterday a list of the victims of the alleged Bernie Madoff ponzi scheme were released -- 162 pages of 4 point type listing thousands of names and addresses.

What was not released were the social networks that connected these people to Mr. Madoff -- who made the introduction, who closed the triangle to turpitude? This, after all, was a crime based on inclusion and exclusion in select social networks. No one wanted to be excluded from this great deal with one of the wizards of Wall Street -- yearly double digit returns, guaranteed. They used their connections to gain inclusion into the money flow network. And for a while, that inclusion felt good.

Madoff apparently worked with multiple "feeders" into his investment system. A wide network of individuals and funds were set up to pass money to Madoff. Most investors in these funds did not realize all of their money was going to just one place -- a place that is turning out to be one big hole. Inclusion seemed to be the prize, but it ended up being the trap.

Below is an attempt to keep up with this rapidly developing story and map the investors into Madoff's funds. Every day new players and their connections are revealed. The thousands of victims on the 162 page list probably trusted an intermediary institution or feeder fund with their money.

All data for these maps was gathered from news stories and court documents found on major media web sites.