Not an L.A. kind of guy

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. Youíll find lots and lots of famous names, along with everyday folks who had the misfortune to get suckered into this thing.


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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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