Bernard Madoff investors Thelma Goldstein, left, and Bernard (Credit: Photos by Patrick E. McCarthy)

Bernard Madoff investors Thelma Goldstein, left, and Bernard Ouziel

Madoff Victims

Bernard Madoff investors Thelma Goldstein, left, and Bernard
(Credit: Photos by Patrick E. McCarthy)

Bernard Madoff investors Thelma Goldstein, left, and Bernard Ouziel

Some of the world's biggest banking institutions, including
(Credit: AP, AP)

Some of the world's biggest banking institutions, including Nomura Holdings Inc., and hedge funds reported potential huge losses as the impact of crimes by Wall Street investment manager Bernard Madoff spread far beyond U.S. borders.

French investment bank Natixis said it stands to
(Credit: AFT Getty Images, AFT Getty Images)

French investment bank Natixis said it stands to lose up to $605 million in the scandal surrounding New York investment manager Madoff.

Private Austrian bank Medici said it had exposure
(Credit: AFP Getty Images, AFP Getty Images)

Private Austrian bank Medici said it had exposure of $2.1 billion via two of its investment funds to the alleged fraud by New York broker Bernard Madoff.

A Justice Department spokesman said last December that
(Credit: AP, AP)

A Justice Department spokesman said last December that Atty. Gen. Michael Mukasey had recused himself from the investigation into Bernard L. Madoff. (

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Kevin Bacon, left, and his wife, actress Kyra
(Credit: AP, AP)

Kevin Bacon, left, and his wife, actress Kyra Sedgwick pose on the press line at the TV Guide Emmy after party in Los Angeles. The couple had investments with Bernard Madoff and were affected by his Ponzi scheme.

The Elie Wiesel Foundation for Humanity (Wiesel is
(Credit: AFP/Getty Images, AFP/Getty Images)

The Elie Wiesel Foundation for Humanity (Wiesel is at left) lost more than $15 million -- nearly all of its assets -- in the fraud scheme run by Wall Street baron Bernard L. Madoff, fund officials said.

Hollywood studio executive Jeffrey Katzenberg also had investments
(Credit: AP, AP)

Hollywood studio executive Jeffrey Katzenberg also had investments with Madoff

Steven Spielberg, left, with Billy Crystal. Spielberg's charity
(Credit: AP, AP)

Steven Spielberg, left, with Billy Crystal. Spielberg's charity had investments with Madoff made on its behalf by business manager Gerald Breslauer.

Ilene Kent of Manhattan, who said her family
(Credit: Getty Images, Getty Images)

Ilene Kent of Manhattan, who said her family is one of Bernard Madoff's Ponzi scheme victims, is interviewed after financier entered a Manhattan Federal court to give a guilty plea.

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Cynthia and Richard Friedman of Jericho, victims in
(Credit: Craig Ruttle, Newsday)

Cynthia and Richard Friedman of Jericho, victims in the Bernard Madoff ponzi scandal, comment outside the Federal Courthouse in Manhattan after Bernard Madoff arrived.

Victims of disgraced Wall Street financier Bernard Madoff
(Credit: AFP/Getty Images, AFP/Getty Images)

Victims of disgraced Wall Street financier Bernard Madoff hold hands as they the courthouse where Madoff Thursday apologized for swindling thousands of clients of billions of dollars.

Miriam Siegman, a victim of disgraced Wall Street
(Credit: AFP Getty Images, AFP Getty Images)

Miriam Siegman, a victim of disgraced Wall Street financier Bernard Madoff, celebrates as she leaves court, where a judge ruled Madoff be taken to jail to await sentencing in June.

Judith Welling speaks to reporters outside of the
(Credit: AFP Getty Images, AFP Getty Images)

Judith Welling speaks to reporters outside of the courthouse in New York where Bernard Madoff pleaded guilty.

Bert Ross, who was affected by the Ponzi
(Credit: AFP Getty Images, AFP Getty Images)

Bert Ross, who was affected by the Ponzi scheme, walks out of court in Manhattan after Bernard Madoff pleaded guilty to fraud charges.

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Ponzi scheme victim Bert Ross walks out of
(Credit: AFP Getty Images, AFP Getty Images)

Ponzi scheme victim Bert Ross walks out of court in Manhattan after Bernard Madoff pleaded guilty to fraud charges.

Judith Welling, center, a victim of disgraced Wall
(Credit: AFP Getty Images, AFP Getty Images)

Judith Welling, center, a victim of disgraced Wall Street financier Bernard Madoff celebrates as she leaves court.

Helen Chaitman, center, a victim of disgraced Wall
(Credit: AFP Getty Images, AFP Getty Images)

Helen Chaitman, center, a victim of disgraced Wall Street financier Bernard Madoff, leaves the courthouse.

Helen Chaitman, center, a victim of disgraced Wall
(Credit: AFP Getty Images, AFP Getty Images)

Helen Chaitman, center, a victim of disgraced Wall Street financier Bernard Madoff, leaves the courthouse.

Defrauded investor Judith Welling speaks to the media
(Credit: Getty Images Photos, Getty Images Photos)

Defrauded investor Judith Welling speaks to the media outside of a Manhattan courthouse after disgraced financier Bernard Madoff pleaded guilty.

Defrauded investor Judith Welling speaks to the media
(Credit: Getty Images Photo, Getty Images Photo)

Defrauded investor Judith Welling speaks to the media outside of a Manhattan courthouse after disgraced financier Bernard Madoff pleaded guilty.

DeWitt Baker (with hat), a victim of Wall
(Credit: AFP Getty Images, AFP Getty Images)

DeWitt Baker (with hat), a victim of Wall Street financier Bernard Madoff, leaves the court.

Judith Welling, center, a victim of Wall Street
(Credit: AFP Getty Images, AFP Getty Images)

Judith Welling, center, a victim of Wall Street financier Bernard Madoff, leaves court

Burt Ross, one of many victims of Bernard
(Credit: AP, AP)

Burt Ross, one of many victims of Bernard Madoff's Ponzi scheme, is followed by a large media pack outside court in Manhattan.

Burt Ross, one of many victims of Bernard
(Credit: Craig Ruttle, Newsday)

Burt Ross, one of many victims of Bernard Madoff's Ponzi scheme, is followed by a large media pack outside court in Manhattan.