1.0Jewish Telegraphic Agencyhttps://www.jta.orgadminhttps://www.jta.org/author/adminTechnion Arm Takes $72 Million Hit in Madoff Scheme - Jewish Telegraphic Agencyrich600338<blockquote class="wp-embedded-content" data-secret="iaRUUL9QGv"><a href="https://www.jta.org/archive/technion-arm-takes-72-million-hit-in-madoff-scheme-2">Technion Arm Takes $72 Million Hit in Madoff Scheme</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://www.jta.org/archive/technion-arm-takes-72-million-hit-in-madoff-scheme-2/embed#?secret=iaRUUL9QGv" width="600" height="338" title="“Technion Arm Takes $72 Million Hit in Madoff Scheme” — Jewish Telegraphic Agency" data-secret="iaRUUL9QGv" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script type="text/javascript">
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The American fund-raising arm of the Technion-Israel Institute of Technology lost its $29 million investment and tens of millions more in supposed profits through investing with Bernard Madoff, an organization spokesman told JTA. The American Technion Society lost its original investment with the fraudulent fund — plus $43 million in gains it reinvested — for […]https://www.jta.org/wp-content/uploads/2018/12/jta-long-logo-bw.jpg600315