Millions Coming To UWS From NYC's 2024 Budget: Here's Where - Upper West Side, NY - Council Member Gale Brewer shared with Patch a breakdown of the funding she helped secure for the UWS in the most recent city budget.
Madoff scandal rocks Jewish philanthropic world December 15, 2008 1:03 am Richard Joel is president of Yeshiva University, which is said to be at risk of losing at least $100 million in connection with Bernard Madoff s alleged financial scheme. (Ben Harris)
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NEW YORK (JTA) The 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 essentially a $50 billion Ponzi scheme.
At least two foundations have been forced to close because they had invested their funds with Madoff.