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[ENTITY FILE] SUBJECT-11355 COMPANY ARCHIVED
BS
// Subject

Bernard L. Madoff Investment Securities‍​‍‌​‌​‍‍‍‌‌​‍‍‌​​‍​‌‍‌‌​‌

Wall Street market-maker; vehicle of the Madoff Ponzi scheme
Tracked Primary corporate vehicle of the largest documented Ponzi scheme; banked at JPMorgan 1986–2008.
// Editorial summary — AI-generated from public records

Broker-dealer and investment-advisory firm founded by Bernie Madoff in 1960, headquartered at the Lipstick Building, 885 Third Avenue, NYC. Liquidated under SIPA after the 2008 collapse. The 17th-floor "investment-advisory" operation was the locus of the Ponzi scheme.

Facts on record4
Connections mapped13
Sources cited0
View on Graph → Export CSV ← Entity Directory
Stated vs Revealed
No documented contradictions on file.
Connection Map
Key Connections
← Entity #11354
founder_principal
Madoff founded BLMIS in 1960 and ran it as principal until the December 2008 collapse.
← Entity #150
banking_client
BLMIS's primary depository banking relationship — the conduit for victim funds for 22 years (1986–2008). DOJ described JPM as having ignored internal compliance warnings; resolved by 2014 deferred prosecution agreement and $2.6B in forfeiture and civil settlements.
→ Entity #11358
liquidation_trustee
Picard appointed SIPA Trustee for BLMIS liquidation December 15, 2008; recovered or committed $14.7B+ for victims as of 2024.
→ Entity #11357
employed_by
DiPascali worked for Madoff at BLMIS for 33 years (1975–2008) and was his closest confidante in operating the Ponzi scheme.
→ Entity #11359
major_investor_net_winner
Picower was the single largest net-winner from the BLMIS scheme; estate forfeited $7.2 billion to trustee and U.S. government in December 2010.
Facts (4)
Data Freshness
Fresh Last update: 17d ago · Avg age: 17d
Confidence Tiers: Primary Source — cross-referenced government/corporate filings Pending Review — sourced but not independently verified AI Inference — analytical hypothesis from cross-referencing
Raw Filing Records (4) — unsourced metadata
Pending Review Placed into SIPA liquidation December 15,‍​‍‌​‌​‍‍‍‌‌​‍‍‌​​‍​‌‍‌‌​‌ 2008; Irving H. Picard appointed Trustee.
Date: 2008-12-15 Added: 20 Apr 2026
Pending Review Customer account statements at the time of collapse showed approximately $65 billion in fictitious balances; t‍​‍‌​‌​‍‍‍‌‌​‍‍‌​​‍​‌‍‌‌​‌otal cash actually invested by victims (net of withdrawals) was approximately $20 billion in principal losses.
Date: 2008-12-11 Added: 20 Apr 2026
Pending Review The investment-advisory arm of BLMIS, operating from the 17th floor of the Lipstick Building at 885 Third Avenue,‍​‍‌​‌​‍‍‍‌‌​‍‍‌​​‍​‌‍‌‌​‌ was the locus of the Ponzi scheme; the legitimate market-making business operated from the 18th and 19th floors.
Added: 20 Apr 2026
Pending Review BLMIS maintained its primary banking relationship with JPMorgan Chase (and predecessor Chemical Bank) from approximately 1986 through the firm's collapse in December 2008 — a continuous 22-year banker relationship.
Date: 1986-01-01 Added: 20 Apr 2026
All Connections (13)
→ Entity #11357
employed_by primary
DiPascali worked for Madoff at BLMIS for 33 years (1975–2008) and was his closest confidante in operating the Ponzi scheme.
→ Entity #11360
early_backer secondary
Shapiro was among the earliest BLMIS investors (1960s seed era); family entities returned approximately $625M to the trustee in 2010.
→ Entity #11358
liquidation_trustee primary since 2008-12-15
Picard appointed SIPA Trustee for BLMIS liquidation December 15, 2008; recovered or committed $14.7B+ for victims as of 2024.
→ Entity #11359
major_investor_net_winner primary
Picower was the single largest net-winner from the BLMIS scheme; estate forfeited $7.2 billion to trustee and U.S. government in December 2010.
→ Entity #11471
feeder_fund secondary
FGG sponsored the Fairfield Sentry Fund and related vehicles which together held approximately $7.5 billion of customer money in BLMIS at the December 2008 collapse — the single largest feeder exposure.
→ Entity #11477
feeder_fund secondary
Kingate Global Fund (BVI), advised by FIM Advisers under Carlo Grosso and Federico Ceretti, with its sister Kingate Euro Fund routed roughly $1.7 billion of customer assets into BLMIS by the December 2008 collapse.
→ Entity #11478
feeder_fund secondary
Optimal Strategic US Equity (Dublin), operated by Banco Santander's Geneva-based Optimal Investment Services, held approximately $2.3 billion of customer assets in BLMIS at the December 2008 collapse — the principal Spanish/Latin American conduit.
→ Entity #11475
feeder_fund secondary
Tremont's Rye Select and Tremont feeder vehicles held approximately $3.3 billion of customer money in BLMIS at the December 2008 collapse — the second-largest single-organization feeder exposure.
→ Entity #12687
investment_management_relationship secondary
Tremont Capital Management was the operating manager of the Tremont/Rye family of funds, the second-largest BLMIS feeder organization — approximately $3.3B of customer money invested with Bernard L. Madoff Investment Securities at the December 2008 collapse.
→ Entity #12688
investment_management_relationship secondary
Rye Select Broad Market Portfolio Limited passed customer capital in full to Bernard L. Madoff Investment Securities under the unmodified BLMIS strategy.
→ Entity #12689
investment_management_relationship secondary
Rye Select Broad Market XL Portfolio Limited passed leveraged customer capital to Bernard L. Madoff Investment Securities, magnifying BLMIS exposure for downstream investors.
← Entity #11354
founder_principal primary since 1960-01-01
Madoff founded BLMIS in 1960 and ran it as principal until the December 2008 collapse.
← Entity #150
banking_client primary since 1986-01-01
BLMIS's primary depository banking relationship — the conduit for victim funds for 22 years (1986–2008). DOJ described JPM as having ignored internal compliance warnings; resolved by 2014 deferred prosecution agreement and $2.6B in forfeiture and civil settlements.
Sources (0)
No sources.