LA Biz Observed
 
Bio • Email • Archive
 

 

The list of Bernie Madoff's 13,567 investment victims confirms what had been suspected for some time: Southern California was not an especially large base of operations. The WSJ has a nifty U.S. map showing where the investors were located according to ZIP code, and the largest bubbles, by far, were in the NY, Palm Beach and Denver areas (Denver?). L.A. is shown as a mini-bubble, with even tinier bubbles in what appear to be Santa Barbara and Orange County. Palm Springs was also bubbled. The map only identifies the number of investors in a given ZIP and not the amount of money they forked over. Oddly, the list of victims, released as part of the bankruptcy court proceedings, is alphabetized by people's first names, but there's now a searchable database called www.madoffsearch.com. You’ll find lots and lots of famous names, along with everyday folks who had the misfortune to get suckered into this thing.

> | More
© 2003-2011   •  About LA Observed  •  Email the editor
Mark's latest news
and commentary
 
 
LA Biz Observed
by topic
Economy and jobs
Media, books & Hollywood
Politics and labor
Travel, food and life
Technology
Land and real estate
Wealth and poverty
 
 
New at
LA Observed
 
6:50 PM Thu | Largest crowd for a Walk of Fame star ceremony that many could remember, outside the Capitol Records tower on Thursday. Photo by Gary Leonard.