News & ToursFebruary 5, 2009

Ray Floyd and Wife Among Madoff Victims

The list of clients who lost money investing in Bernard L. Madoff's mammoth ponzi scheme includes the likes of Kevin Bacon, John Malkovich, Sandy Koufax and the Wilpon family, owner of the New York Mets. The fraud case, which prosecutors estimate cost investors about $50 billion, touches virtually every industry and walk of life, so it's no surprise that the golf world didn't go unscathed.

A list of nearly 14,000 clients was made public Wednesday in a court filing in U.S. Bankruptcy Court in Manhattan, and the 162-page document turned up the name of one prominent golfer: Raymond Floyd. The four-time major champion and Hall of Famer is listed with his wife, Maria, on page 121 of the customer list.

Several institutions with significant golf ties also were listed, including UBS, which is a presenting sponsor of the PGA Tour's flagship event, the Players Championship, and Northern Trust, which appears to be the same company that is the title sponsor of the upcoming Northern Trust Open at Riviera Country Club near Los Angeles. Other significant golf sponsors hit hard by the Madoff scandal appearing on the list: Royal Bank of Scotland, HSBC, and Citibank. Reports say that RBS lost $612 million and HSBC $1 billion.

--Dave Shedloski

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