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Tag: Madoff

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  • Can you say fiduciary duty? Jewish nonprofits must follow new rules

    December 24, 2008 | 1:56 am

    Based on all reports, the evil criminality of Bernard Madoff has decimated the portfolios of hundreds of individuals and charitable organizations. The consequences for ongoing charitable programs and future gifts will be felt for many years to come.

    While there should be no limit to...

  • Panel discusses strategies for dealing with recession

    By Rachel Heller

    December 22, 2008 | 4:48 pm

    Talking investment strategy might not top everyone's agenda for a bright Sunday morning, but about 75 local residents gathered at Young Israel of Century City on Dec. 21 to do just that.

    The Pico Boulevard synagogue opened its doors to the community for a panel discussion on the...

  • Madoff

    By Rob Eshman

    December 18, 2008 | 3:54 am

    I wish Jews believed in hell, because then I could take comfort that Bernard Madoff will go there.

    Madoff ran the New York-based firm, Bernard L. Madoff Investment Securities, which was reported last week to have been a $50 billion fraud, a Ponzi scheme that paid investors with other...

  • ‘Golden boy’ J. Ezra Merkin accused of misleading Jewish investors, groups

    December 17, 2008 | 4:22 am

    Bernard Madoff is not the only trustee of Yeshiva University who resigned in shame last week.

    While international attention continues to focus on Madoff, who faces charges for his alleged $50 billion Ponzi scheme, some leaders in the Jewish community, particularly within Modern...

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  • Stunned local groups start to count losses as list of Madoff’s victims grows

    By Brad A. Greenberg

    December 16, 2008 | 8:32 pm

    It didn't take long for Bernard Madoff's arrest in New York for running an alleged $50 billion Ponzi scheme to send shockwaves through Los Angeles' Jewish community.

    The growing list of victims in Los Angeles from the meltdown at Bernard L. Madoff Investment Securities LLC reads...

  • Madoff’s ‘unspeakable evil’ shocks those who thought they knew him well

    By Dean Rotbart

    December 16, 2008 | 8:21 pm


    AP Video: How a Ponzi scheme works


    In April 2004, Bernard L. Madoff and his wife, Ruth, devised a plan to save Jewish lives.

    In the effort to bolster Gift of Life, a Florida-based nonprofit that maintains a unique Jewish bone marrow registry, the Madoffs funded and helped roll out an...

  • Spielberg's Wunderkinder Foundation joins list of Madoff victims; Full text of statements from Federation and Jewish Community Foundation

    By Tom Tugend

    December 15, 2008 | 6:16 pm

    Steven Spielberg suffered some losses in the Bernard Madoff fraud scandal, though apparently nowhere near a rumored $300 million.

    However, the famed filmmaker's private Wunderkinder Foundation had some investments with Madoff, though Spielberg spokesman Marvin Levy said he was unable...

  • Madoff scandal rocks Jewish philanthropic world

    December 15, 2008 | 4:20 pm

    NEW YORK (JTA) -- Tthe 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...

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