Maddoff’s scam ripple effects
The sudden evaporation of about $50b via a Ponzi Scheme is going to hurt the economy as a whole, but especially Jewish philanthropy. Many of those who entrusted money with Maddoff were well to do and philanthropic Jews.
One thing, as a Brandeis alum, that stood out at me while reading the NY Post’s coverage of the fall out in Palm Beach was:
…Sources say Jerome Fisher, the founder of the Nine West women’s shoe empire, was said to have lost $150 million, and Carl Shapiro, who founded the Kay Windsor garment company, reportedly lost $400 million…
This is the Carl Shapiro whose name adorns many of the University’s buildings….uh oh?
Many of those who entrusted money with Maddoff were well to do and philanthropic Jews (WHO GIVES A FUCK WHAT THEY WERE?)
Comment by Anonymous — 12/15/2008 @ 3:01 am
Bernie the Ganoff will be his name from now on
Comment by Justin — 12/24/2008 @ 6:42 pm
Madoff’s name will probably appear at many a purim carnival this year
Comment by Jaws — 12/24/2008 @ 6:45 pm