Product Liability Attorney Blog

A federal judge is expected to announce at noon today whether he will revoke Bernard Madoff’s bail, Bloomberg News reports. While Madoff, the alleged perpetrator of a $50 billion fraud, wonders whether he’ll go to jail, his investors wonder whether they’ll recoup any of their money.

Last week, The Wall Street Journalcompiled an extensive list of Madoff’s most over-exposed investors. In addition to those mentioned in our previous posting, some of the charities, hedge funds and banks that could sustain staggering losses include:

Banco Santander, a Spanish bank, could face up to $2.9 billion or 2.33 billion euros in losses. Of that amount, 2.01 billion euros belongs to institutional investors and 320 million belongs to private investors.

The Austrian bank, Bank Medici, had two funds with $2.1 billion invested with Madoff’s firms. The bank’s hedge funds reportedly had almost all of their money invested with Madoff.

Access International Advisors possible exposure amounts to $1.5 billion. The firm’s co-founder Thierry Magon de La Villehuchet was found dead of an apparent suicide last month. He lost about $50 million in the alleged Ponzi scheme.

Union Bancaire Privee, a Swiss bank, had approximately $700 million in investments related to Madoff including one run by J. Ezra Merkin.