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JTA
EST 1917

Bernie Madoff

Bloomberg News is reporting that those who made money off of investments with Bernard Madoff might have to return those profits: “Charities are looking at their legal options as regarding their right to recoup money,” said Mark Charendoff, president of the New York-based Jewish Funders Network, whose 1,000 members fund Jewish causes and are assessing […]

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The Jewish Funders Network is developing a comprehensive plan to help nonprofits that were hit hard by Bernard Madoff’s Ponzi scheme that would include bridge funding for organizations hurt by the scandal. The JFN’s president, Mark Charendoff, informed JTA of the plan after convening a meeting of 35 of the country’s largest Jewish foundations in […]

Writing in the New York Times, Robin Pogrebin reports that Jews feel particularly betrayed by Bernie Madoff — and several prominent Jews rip into him: Here is a Jew accused of cheating Jewish organizations trying to help other Jews, they say, and of betraying the trust of Jews and violating the basic tenets of Jewish law. […]

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