Madoff

  • Hadassah to pay back $45 million of Madoff gains

    Hadassah: The Women’s Zionist Organization of America will pay back $45 million of the money it made in the Bernard Madoff scam. Hadassah President Nancy Falchuk in a letter Thursday told the organization’s supporters of the settlement reached by the group with the trustee of Madoff’s estate. The organization, which began investing with Bernard Madoff… More ▸

  • Carl Shapiro to return $625 million of Madoff money

    Philanthropist Carl Shapiro and his family will return $625 million they made in investments with Bernard Madoff, The Boston Globe is reporting. Shapiro, the Boston-area philanthropist who was among one of the biggest winners in the Madoff scam, gave heavily to Jewish causes after Mafoff made him a billionaire. He has maintained that he was… More ▸

  • Is Hadassah cutting a deal with Picard to avoid a clawback lawsuit?

    The Forward reported Friday that Irving Picard, the trustee for Bernard Madoff’s estate, had filed lawsuits late last week against a number of Jewish charities and individuals who actually made money on their investments in the multi-billion dollar scam. Picard is trying to recover as much money as he can via these “claw-back” lawsuits to… More ▸

  • Jewish organizations targets of clawback lawsuits in Madoff case

     The Forward is reporting that a number of Jewish organizations have been slapped with lawsuits filed last week by Irving Picard, the trustee for Bernard MAdoff’s estate. Picard is seeking millions of dollars back from a number of individuals, foundations and nonprofits who actually profited from Madoff’s multi-billion dollar scam.  Reports The Forward: Non-profit targets… More ▸

  • NY Mag: Insider Madoff from inside the slammer

    New York magazine has a fascinating story about Bernie Madoff in prison.  The story peers at Madoff as Madoff essentially decompresses from what was 20 years of hell to him, it seems. Madoff, the man who bilked billions and billions of dollars from his victims, now seems intensely angry at his victims – people who… More ▸

  • Fundermentalist from Phoenix at the JFN conference

    For the next couple of days, I’ll be filing from Phoenix, where the Jewish Funders Network is holding its annual conference. Some 250 funders and professionals from foundations that give more than $25,000 per year to Jewish causes are gathered here at the Biltmore Hotel, the Frank Lloyd Wright-inspired hotel where I am told Clark… More ▸

  • Just in case you had forgotten Bernie Madoff

    The Boston Globe today has a story about the attempt by Irving Picard to recover as much money as he can from Madoff investors who made huge sums of money to return to Madoff victims who lost money. The story focuses on Carl Shapiro, the 97-year-old Boston businessman who made somewhere around $1 billion off… More ▸