CHICAGO

Madoff Victim List Includes Over 2 Dozen Chicagoans

03/08/2009 05:12 am ET | Updated May 25, 2011

More than two dozen Chicagoans are among the thousands of individuals and companies listed as customers of Bernard Madoff's firm, according to reports in the Tribune and Crain's Chicago Business.

Madoff was arrested in December on charges of running a massive Ponzi scheme that created an estimated $50 billion in losses. The list, released Wednesday as part of a court filing, is said to include verified victims as well as anyone who responded to ads from the trustee overseeing the bankruptcy of the liquidated firm.

Among the most prominent Chicago names on the list, according to Crain's, are investment banker and Pritzker Organization vice-chairman J. Ira Harris, philanthropist and Toni hair care heir King W. Harris (no relation) and Hyatt CEO Mark Hoplamazian. However, a spokesman for the hotel company told Crain's that Hoplamazian has never been a Madoff investor and is unsure why his name is on the list.

Influential Chicago attorney and former FCC chairman Newton Minow was listed a trustee on one of the accounts, the Tribune reports. He referred a reporter to J. Ira Harris.

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