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Eberndorfer
Anmeldungsdatum: 10.09.2006 Beiträge: 2267
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Verfasst am: So Dez 28, 2008 8:34 pm Titel: Wiesel Foundation Loses Nearly Everything in Madoff Scheme! |
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Wiesel Foundation Loses Nearly Everything in Madoff Scheme
The Elie Wiesel Foundation for Humanity said Wednesday it invested $15.2 million or "substantially all" of its assets with Bernard Madoff, adding the name of the Nobel Prize winner to the confirmed list of those caught up in what Mr. Madoff described as a $50 billion Ponzi scheme.
"We are deeply saddened and distressed that we, along with many others, have been the victims of what may be one of the largest investment frauds in history," the foundation said in a statement posted on its Web site. (Read the statement)
Many Jewish charities invested with Mr. Madoff, and some have had to close their doors. The Wiesel Foundation said it would continue operating and "shall not be deterred from our mission."
The foundation, started by Mr. Wiesel and his wife shortly after he won the Nobel Peace Prize in 1986, runs an essay contest in the U.S. and organizes conferences overseas.
http://online.wsj.com/article/SB123017956665533701.html?mod=googlenews_wsj |
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