Word: madoff
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...haze lifts from Bernie Madoff's financial massacre, his victims are now asking the fundamental question: if we had known Madoff was behind our investment, would we have made...
...Madoff investors appear to break down into two distinct camps: the "I-know-Bernies" and "Who's-Bernies...
...those investors like me who never heard of Madoff, privacy and propriety were the camouflage that kept his name from so many hundreds, maybe thousands, of private and public investors. Secrecy enabled him to create his global Ponzi-on-steroids scheme undercover, and helps explain why it worked so brilliantly for so long. The fact the Securities and Exchange Commission gave Madoff multiple free passes to sidestep closer inspection is even more troubling for any investor looking to put a hard-earned buck into this system. (How I Got Screwed by Bernie Madoff...
...with great sadness that I write to inform you that the Picower Foundation has ceased all grant-making, effective immediately, and will close its doors in the coming months,” Picower wrote. “The foundation’s endowment was managed by Bernard L. Madoff, who, as you well know, was arrested on Dec. 11 for securities fraud...
...though the impact of the alleged Madoff scheme has touched other Boston-area universities—Tufts reported $20 million in investment losses on Friday—some Harvard affiliates affected by Madoff have been more fortunate. Carl and Ruth Shapiro, the Boston couple who lost nearly half their foundation’s assets through Madoff’s fund, pledged in a statement last week to honor “all existing commitments.” Their couple’s foundation has supported many initiatives at Harvard-affiliates including the Dana Farber Cancer Institute and Brigham and Women?...