Age, Biography and Wiki

Stanley Chais was born on 27 March, 1926 in Bronx, New York, US, is an American financial advisor (1926–2010). Discover Stanley Chais's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is he in this year and how he spends money? Also learn how he earned most of networth at the age of 84 years old?

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Occupation Investment advisor, money manager, and philanthropist
Age 84 years old
Zodiac Sign Aries
Born 27 March 1926
Birthday 27 March
Birthplace Bronx, New York, US
Date of death 26 September, 2010
Died Place Manhattan, New York, US
Nationality United States

We recommend you to check the complete list of Famous People born on 27 March. He is a member of famous manager with the age 84 years old group.

Stanley Chais Height, Weight & Measurements

At 84 years old, Stanley Chais height not available right now. We will update Stanley Chais's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.

Physical Status
Height Not Available
Weight Not Available
Body Measurements Not Available
Eye Color Not Available
Hair Color Not Available

Who Is Stanley Chais's Wife?

His wife is Pamela Chais

Family
Parents Not Available
Wife Pamela Chais
Sibling Not Available
Children 3

Stanley Chais Net Worth

His net worth has been growing significantly in 2023-2024. So, how much is Stanley Chais worth at the age of 84 years old? Stanley Chais’s income source is mostly from being a successful manager. He is from United States. We have estimated Stanley Chais's net worth, money, salary, income, and assets.

Net Worth in 2024 $1 Million - $5 Million
Salary in 2024 Under Review
Net Worth in 2023 Pending
Salary in 2023 Under Review
House Not Available
Cars Not Available
Source of Income manager

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Timeline

1926

Stanley Chais (March 27, 1926 – September 26, 2010) was an American investment advisor, money manager, and philanthropist.

He operated "feeder funds" which collected money for funds related to the Madoff investment scandal.

1947

He attended Syracuse University, graduating in 1947.

He was married to Pamela Chais, a playwright and screenwriter.

They resided with their three children first in Sands Point, New York, and then in Beverly Hills and West Hollywood, California.

After the scandal, they moved to Manhattan, New York.

Chais was an investment advisor, money manager, and philanthropist.

He operated "feeder funds" which collected money for funds related to the Madoff investment scandal.

He operated three funds that offered returns of up to 25%.

He told clients that he achieved the returns using a complex combination of derivatives, stock, currency and futures trading.

Instead, the funds were merely funneled into Madoff's Ponzi scheme.

1995

It also claimed Chais was a primary beneficiary of the scheme for at least 30 years, allowing his family to withdraw more than $1 billion from their accounts since 1995 - money that properly belonged to Madoff victims.

The case number was Picard v. Chais, 09–01172.

When Chais claimed to be broke, Picard told a judge that Chais should sell his Fifth Avenue New York apartment to pay his legal fees.

2008

The foundation, which had been funded through the Madoff scam, collapsed in December 2008.

He suffered from profound anemia.

2009

On May 1, 2009, Irving Picard, bankruptcy trustee for Madoff Securities, filed a lawsuit against Stanley Chais.

The complaint alleged he "knew or should have known" he was deep in a Ponzi scheme when his family investments with Madoff averaged 40% and sometimes soared as high as 300%.

On June 22, 2009, the Securities and Exchange Commission filed civil fraud charges against Chais.

On September 23, 2009, California Attorney General Jerry Brown filed a lawsuit against Chais seeking $25 million in penalties and restitution for victims.

2010

Federal prosecutors had opened a criminal probe into him, but he died in September 2010 before they filed charges against him.

His lawyer denied that Chais committed any wrongdoing.

Chais died on September 26, 2010, at age 84 in Manhattan, where he and his wife had moved to further the treatment of myelodysplastic syndrome, a blood disorder that eventually took his life.

2016

The widow, family, and estate of Chais settled with Madoff trustee Irving Picard in 2016 for $277 million.

Chais was born to a Jewish family in the Bronx, New York.

The widow, children, family, and estate of Chais settled with Picard in 2016 for $277 million.

On November 19, 2016, the United States Bankruptcy Court for the Southern District of New York approved a global settlement – made in cooperation with the California Attorney General - with the defendants in Picard v. the Estate of Stanley Chais, et al.

The agreement was made with the Stanley Chais estate, Chais's widow, children, and a number of other Chais family members, investment funds, trusts, companies, and other entities associated with Chais.

Under the terms of the agreement, the BLMIS Customer Fund received $277 million, including a cash payment of $258.47 million, as well as the assignment of other assets that would be liquidated over time.

All proceeds of the settlement were to go to the BLMIS Customer Fund for the benefit of BLMIS customers with allowed claims.

Picard's lawyers said the settlement covered all of Chais’ estate and substantially all of his widow's assets, and represented “a good faith, complete and total compromise.”

Chais founded the Chais Family Foundation, which donated extensively to organizations that preserve and further Jewish history and culture, from reestablishing and maintaining Jewish culture in areas where it was diminished by the Holocaust and by Soviet policy, to Israeli organizations.

In Israel, Chais sat on the boards of Technion, the Weizmann Institute, and Hebrew University of Jerusalem.