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How the Bernie Madoff scandal rocked the American Jewish world

How the Bernie Madoff scandal rocked the American Jewish world
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Madoff scandal rocks Jewish philanthropic world - Jewish Telegraphic Agency

Madoff scandal rocks Jewish philanthropic world
December 15, 2008
1:03 am
Richard Joel is president of Yeshiva University, which is said to be at risk of losing at least $100 million in connection with Bernard Madoff s alleged financial scheme. (Ben Harris)
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NEW YORK (JTA) The securities fraud of Bernard Madoff has rocked the Jewish nonprofit world and the worst may be yet to come.
Madoff, the founder of Bernard L. Madoff Investment Securities LLC, was arrested Dec. 11 after admitting to his board that a hedge fund he ran was essentially a $50 billion Ponzi scheme.
At least two foundations have been forced to close because they had invested their funds with Madoff. ....

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