Madoff's beneficiaries

Not everyone connected with Bernard Madoff, the man who confessed to fraud on the order of an estimated $50 billion, lost money.
Keith Epstein of BusinessWeek's Election 2008 blog writes today that several politicians and lobbyists benefited from Madoff's fortunes.

Since 1991, Bernard L. Madoff Investment Securities spent $372,100 in campaign contributions – mostly to Democrats – and $590,000 in lobbying – mostly to the firm of Arlington, Va.-based Lent, Scrivner & Roth, which has represented oil, telecom and pharmaceutical companies. Among issues lobbied on Madoff’s behalf, according to lobbying records: money from Interior, National Park Service, and housing appropriations for a “tenement museum” on the lower east side of New York City.

He also says a lobbying firm called Dow Lohnes Government Strategies lobbied on Madoff's behalf for the passage of the TARP bailout program.
In addition, he writes that records show the political beneficiaries of some of Madoff's donations include Hillary Clinton, Charles E. Schumer, and Charles Rangel.

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