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Category Archives: Bernard Madoff
Inside The Chais Family Foundation
It went bankrupt when Bernie Madoff was arrested. On its 2007 990 IRS filing, it reported assets of $178 million. (2006 filing) From the Los Angeles Times: Chais, 82, did not respond to interview requests. Last week, he told the … Continue reading
Rabbi Haskel Lookstein: A Sermon on the Communal Crisis
Dear Ramaz Family, In my sermon this past Shabbat, I commented on the worldwide financial crisis and the communal crisis, citing the need for perspective. I encourage you to read the remarks, "When Trials and Tribulations Accumulate," as a constructive … Continue reading
The Elie Wiesel Foundation Does Not Have Clean Hands
The losers in the Bernie Madoff scandal rarely have clean hands. They were knowing participants in a scheme that was entirely imprudent and in more jeopardy than a virgin at a jailhouse rodeo. The Elie Wiesel Foundation had $9 million … Continue reading
Boston’s Maimonides School Devastated By Bernie Madoff
The Boston Globe reported Dec. 17: The Maimonides School, the oldest and largest Jewish day school in Greater Boston, is warning parents that it has lost a steady source of income because a bequest that benefited the school lost 60 … Continue reading
Modern Orthodox Ramaz School Ripped Off By Bernie Madoff
Ramaz leaders email their supporters: Dear Ramaz Family, Earlier this week, we sent out a brief message to quickly reassure all those in the Ramaz family that, though Ramaz has exposure resulting from the alleged fraud committed by Bernard … Continue reading
Did Charities Do Due Diligence On Their Bernard Madoff Investments?
Here’s a tax filing from the now defunct Robert I. Lappin Charitable Foundation, which invested with Madoff. Their website. If you go to pages 23, 24, you’ll see their investment activities with Madoff. The Foundation had about $8 million. They … Continue reading
Where Did Madoff’s $50 Billion Go?
Perplexed emails: "Luke, Where do you think the $50 billion went? Did he invest it in the market and lose it all? I understand the scam, but where did the money go? No one seems to be saying anything on … Continue reading
I Talk About The Bernard Madoff Scam With Marc German
Listen to the whole thing here:
Bernie Madoff’s Victims
Here is one list. Another list Here’s a tax filing from the now defunct Robert I. Lappin Charitable Foundation, which invested with Madoff From a secret source: HSBC "has emerged as one the largest victims of Bernard Madoff’s alleged fraud with … Continue reading
Bernie Madoff Scandal
Joe emails: This is what is known as a complete unmitigated disaster. The lawyers are gearing up for battle to find out who Madoff gave money to while he was on the verge of collapse, but that is hardly the … Continue reading