Stanley Chais

In 2009, the SEC filed civil charges against Chais, alleging that he had steered hundreds of millions of dollars from investors to Madoff, generating some $270 million in fees, and that he knew Madoff was operating a Ponzi scheme. When the scheme collapsed in 2008, Chais' clients had balances of more than $900 million, the SEC said. None of the investment advisers who funneled money to Madoff face criminal charges; Chais was the only adviser whom prosecutors had identified as a subject of a criminal investigation.