Jewish Journal

Stanley Chais dies at 84; money manager invested with Bernard Madoff

He had been accused of steering hundreds of millions of dollars from investors to Madoff, generating some $270 million in fees, and of knowing Madoff was operating a Ponzi scheme.


September 26, 2010 | 10:55 pm

Stanley Chais

Stanley Chais

From LATimes.com:

Stanley Chais, the Beverly Hills money manager whose clients lost hundreds of millions of dollars in the notorious Wall Street investment scam run by Bernard L. Madoff, died Sunday in New York. He was 84.

Chais, who was facing a lawsuit by the Securities and Exchange Commission and was under criminal investigation by federal prosecutors in New York, died at an undisclosed location in Manhattan, said Ellen Borakove, spokeswoman for the New York City chief medical examiner. No cause was given, but Chais had been suffering from a rare blood disease.

Read more at LATimes.com.

Learn about STANLEY CHAIS here.
Class-action suit filed in Madoff case also names L.A.’s Stanley Chais
Will the Real Stanley Chais Please Stand Up?
SEC sues Stanley Chais and four others
Stanley Chais Targeted in Madoff Suit
Stanley Chais sued by Madoff court-appointed trustee

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