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TABLE OF CONTENTSPageI.INTRODUCTION
.............................................1
II.JURISDICTION AND VENUE
.................................18
III.PARTIES
...................................................19
A.PLAINTIFF
............................................19
B.DEFENDANTS
.........................................221.Tremont Entity Defendants...........................222.Oppenheimer and Massachusetts Mutual Life Insurance....253.Tremont Individual Defendants........................284.KPMG Defendants..................................325.Individual BMIS Defendants..........................366.Financial Institution Defendants.......................397.Nominal Defendant..................................428.Doe Defendants....................................43
C.AGENCY/JOINT VENTURE
.............................43
D.AIDING AND ABETTING
...............................44
E.CONSPIRACY
.........................................44
IV.FACTUAL BACKGROUND
...................................45
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A.DEVELOPMENT OF THE MADOFF SCHEME
............451.The Public Face of Madoff Was as a LegitimateBusinessman.......................................452.Behind the Facade, Madoff and BMIS Had A Dark Side....473.BMIS: Early Years..................................494.Madoff Used Contacts And The “Madoff Mystique” toBuild A Network of Investors.........................515.The Avellino & Bienes Scandal in 1992 Led Madoff To Turn To Feeder Funds and Tighten His Operation......556.Madoff Built BMIS During The Early Years of HedgeFunds.............................................597.Madoff Avoided Regulatory Scrutiny and EscapedDetection by the SEC in 2006.........................618.BMIS’ London Affiliate..............................659.Audited Professional Funds Offered Investors TheOpportunity To Invest With Madoff....................6610.Madoff Relied on a Coterie of Individuals to Bring in New Investor Monies................................7611.In 2008, BMIS Still Appeared to be a Hedge FundLeader............................................83
B.WITH THE SUBSTANTIAL ASSISTANCE OF THEDEFENDANTS, MADOFF WAS RUNNING THELARGEST PONZI SCHEME IN THE WORLD
.............841.The Ponzi Scheme Ends..............................85
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