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Madoff

  • WSJ: Couma charges Merkin in civil case stemming from Madoff

    J. Ezra Merkin was charged in a civil fraud complaint alleging that he misled hundreds of investors in placing $2.4 billion of their money with Bernard Madoff. The charges were brought against Merkin, who funneled billions of dollars from nonprofits and Universities to Madoff through his Ascot Partners fund, by New York state’s attorney general… More ▸

  • A breakfast treat: Woody on Bernie

    Woody Allen chimes in with a piece of fiction in the New Yorker about two lobsters, Bernie Madoff and restaurant. I’ll just get you started: Two weeks ago, Abe Moscowitz dropped dead of a heart attack and was reincarnated as a lobster. Trapped off the coast of Maine, he was shipped to Manhattan and dumped… More ▸

  • Madoff plea post mortem, a Bernie roundup

    News is probably going to be flying in fast and furious today after Bernard Madoff plead guilty to a $64.8 billion Ponzi scheme. We’ll try to keep you posted on the more interesting stories of the day. For one, Bernie says he’s sorry, acording to Sky News: The former chairman of the Nasdaq stock exchange… More ▸

  • Madoff’s lawyer

    “As one Jew to another, I deeply regret that the Sorkin family did not perish in the Nazi death camps.” So reads the lede to a profile of Bernard Madoff’s lawyer, Ira Sorkin, in Wednesday’s New York Times. While his client is the most hated banker on earth, Sorkin, known commonly as Ike, is not… More ▸

  • More good news from Cleveland: The Madoff losses

    Some major Jewish institutions were caught up in the Madoff scandal, according to the Cleveland Jewish News: Dozens of Cleveland Jewish nonprofit organizations large and small have received generous gifts from two family foundations that invested considerable sums – and sustained significant losses – with Bernard Madoff. Those donations, made in 2007 and 2008, are… More ▸

  • In hard times, Hadassah will stay the course

    The Jerusalem Post has a lengthy interview with the president of Hadassah, Nancy Falchuk. The top lay leader at Hadassah has had to endure some trying times of late – primarily overseeing significant layoffs and watching as Hadassah emerged as one of Bernard Madoff’s most significant nonprofit victims. But, Falchuk told the JPost, Hadassah long… More ▸

  • Globe: Foundations cut back giving

    The Boston Globe, this morning, has a story about foundations cutting back their giving because of falling investments. The story also focuses on a couple of Jewish foundations that lost money the old fashioned way. They had it stolen: Some foundations that invested money with financier Bernard L. Madoff are in even worse shape. The… More ▸

  • New York mag makes up Madoff as a monster

    The headline of New York magazine’s cover story this week, “Bernie Madoff, Monster,” is sure to raise the anti-Semitism antennae of those furthest out on the Kosacks-are-coming-ledge. While the cover art – a caricature of Bernie Madoff made up in Joker’s attire – The story itself, however is far less incendiary than its headline, and… More ▸