SUBJECT-11360.dossier · person · status: archived
CS
subject of file

Carl Shapiro

Early backer and major investor, BLMIS
Tracked because Documents the pre-1980s seed capital network around Madoff.
Editorial summary · AI-drafted from public records

Boston-area garment-industry heir and longtime Madoff backer; among the earliest BLMIS investors. Shapiro family entities ultimately returned approximately $625 million to the Madoff trustee.

Facts on record2
Connections mapped7
Sources cited6
✦ Thin coverage gap +21 connected to 7 entities · only 2 facts on record · flagged for follow-up research
Evidence: 2S
Network web → Timeline → Compare with… → Position Drift → Coverage tone → View on Graph → View Card → Export CSV JSON Dossier ← Entity Directory
Stated vs Revealed
No documented contradictions on file.
TIMELINE Role Overlap Visualizer →
Connection Map
Key Connections
→ Irving H. Picard person
legal/trustee relationship
Shapiro family entities returned approximately $625 million to the BLMIS trustee Irving H. Picard in December 2010 as part of clawback proceedings related to the Madoff Ponzi scheme.
Facts (2)
Data Freshness
Ageing Last update: 159d ago · Avg age: 244d
Confidence Tiers: Primary Source — cross-referenced government/corporate filings Pending Review — sourced but not independently verified AI Inference — analytical hypothesis from cross-referencing
✓ Verified Findings (2)
Independently re-checked: a second model read the source artifact and confirmed it supports the extracted claim.
✓ verified Partially Corroborated Shapiro family entities returned approximately $625 million to the BLMIS trustee in December 2010.
Date: 2010-12-07 Added: 20 Apr 2026 ↗ SOURCE: Madoff investment scandal — Wikipedia
✓ verified Partially Corroborated Boston-area garment industry heir; among the earliest and largest BLMIS investors, dating to the 1960s.
All Connections (7)
→ Irving H. Picard person
legal/trustee relationship primary since 2010
Shapiro family entities returned approximately $625 million to the BLMIS trustee Irving H. Picard in December 2010 as part of clawback proceedings related to the Madoff Ponzi scheme.
→ Jeffry Picower person
investor inferential since 2010
Both Carl Shapiro and Jeffry Picower were large, early investors in Bernard L. Madoff Investment Securities, with both subject to clawback proceedings by the Madoff trustee.
investor inferential since 1960
As a Boston-area garment industry heir and among the earliest and largest BLMIS investors, Shapiro was part of the same network of wealthy families and feeder funds (like Fairfield Sentry) that invested with Madoff.
early_backer secondary
Shapiro was among the earliest BLMIS investors (1960s seed era); family entities returned approximately $625M to the trustee in 2010.
← Bernie Madoff person
investor inferential since 2008
Carl Shapiro, a close friend and early investor, lost over $500 million in the Madoff scheme; his family's foundation was also a victim.
← Frank DiPascali person
related Ponzi scheme beneficiary inferential since 2009
Shapiro was a major Madoff investor; DiPascali's cooperation aided recovery of billions, but no direct documented link.
← Mark Madoff person
affiliation secondary since 2008
Carl Shapiro was a significant investor with BLMIS during Mark Madoff's tenure as co-director of operations.
Sources (6)
2026-05-10 UNVERIFIED SEARCH_ERROR: Carl Shapiro not found in fec claim_flag Processed 📜 Receipt
2026 UNVERIFIED Research: Carl Shapiro — Court records (no results) court_document Processed 📜 Receipt
2026 UNVERIFIED Research: Carl Shapiro — Parliamentary records (no results) parliamentary_record Processed 📜 Receipt
2026 UNVERIFIED Research: Carl Shapiro — Lobbying disclosures (no results) government_disclosure Processed 📜 Receipt
2026 UNVERIFIED Research: Carl Shapiro — SEC filings (no results) sec_filing Processed 📜 Receipt
2026 UNVERIFIED Research: Carl Shapiro — FEC donations (no results) fec_record Processed 📜 Receipt