Projo 7 to 7 News Blog

More than a dozen individuals and organizations with Rhode Island addresses appear on lists of clients and other potential creditors of Bernard L. Madoff that were filed this week in U.S. Bankruptcy Court in New York City.

Madoff, right, has been charged with running a Ponzi scheme that may have fleeced investors of $50 billion. The lists include more than 13,000 clients.

Rhode Islanders on the client list include:

• Frederick N. Levinger of Providence, who has been associated with jewelry companies Speidel and Colibri and was a board member of the former Fleet National Bank.

• Samuel Chase of Cumberland, owner of Ann & Hope

• Bernard Wasserman of Providence, real estate developer

• Donald Dwares of Pawtucket and Palm Beach, Fla., former chairman and president of the Slater Companies, a textile firm

• Frederick L. Weingeroff of Cranston and Providence, a jewelry manufacturer

• Several accounts in the names of Donald, Charles or Jerrold A. Salmanson of Providence. The family founded the Adams Drug Co., which also, for a time, operated Brooks Pharmacy

• Barbara Weindling of Providence

• Carl Weinberg of Warwick

• Gina Guiducci of Providence

• Milton and Cynthia Levin of East Greenwich

• Sheila Derman of East Greenwich

• Sullivan & Co. of Providence

Rhode Islanders on the list of other potential creditors include:

• Several accounts in the names of Josef, Justin and Marsy Mittleman of Providence.

• Scott Nebergall of Tiverton.

A Dallas-based company, AlixPartners, LLP, was hired to comb through Madoff's records, compile these lists, and send notices of the bankruptcy proceedings to the entities on the lists.

Among the documents made public today are lists of: Madoff's customers, his employees, his broker dealers, vendors who supplied goods and services to Madoff, other potential creditors. Read an affidavit that accompanied these lists.

Bloomberg News photo

 Tags  Ponzi scheme Rhode Island

Comments

Ernie said:

If it sounds too good to be true, it probably is!! I think most of us have learned this lesson in life through experience.

Link | February 6, 2009 12:56 PM
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Tom Gabriele said:

Very true, Ernie. I would add this: greed and ignorance always trumps rational thought.

Link | February 6, 2009 4:03 PM
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Phil said:

My grandmother saved here money in cigars boxes hidden in a closet. When she passed away she had amassed a "small fortune. She never trusted banks, investors and the like.

My point is, that she never lost a penny to unscrupulous individuals or companies.

Link | February 6, 2009 4:37 PM
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