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Carl Shapiro, Brandeis benefactor who lost millions to Madoff, dies at 108 stljewishlight.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from stljewishlight.com Daily Mail and Mail on Sunday newspapers.
BOSTON (JTA) – Carl J. Shapiro, one of Boston’s most significant philanthropists and Brandeis University’s most generous donor, died March 7 at his home in Boston. He was 108. Shapiro built his initial wealth in the middle of the 20th century by transforming his father’s small coat factory into Kay Windsor, a national manufacturer of women’s cotton dresses that had a showroom in New York City’s Garment District. The business earned Shapiro the moniker “Cotton King.” After selling the business in 1971 for $21 million, Shapiro placed some of that money with the now-convicted swindler Bernard Madoff, an investment that eventually ballooned to more than $1 billion. ....
The onetime “cotton king” of New York City’s garment district forfeited more than half a billion dollars in the aftermath of Bernard Madoff’s Ponzi scheme. ....
Carl Shapiro, Brandeis benefactor who lost millions to Madoff, dies at 108 jta.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jta.org Daily Mail and Mail on Sunday newspapers.
Carl Shapiro, Brandeis benefactor who lost millions to Madoff, dies at 108 timesofisrael.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from timesofisrael.com Daily Mail and Mail on Sunday newspapers.