Ponzi scheme

A Palm Beach Enclave, Stunned by an Inside Job

December 17, 2008   ·   By   ·   2 Comments   ·   Posted in Bernard L. Madoff, Men’s Grill of the Palm Beach Country Club, Ponzi scheme

From The New York Times PALM BEACH, Fla. — The room of somber whispers fell silent when the two men walked in. Just days after the collapse of Bernard L. Madoff’s suspected $50 billion Ponzi scheme, two of his emissaries returned to the epicenter of the financial disaster to face some of the hardest-hit investors, […]


December 16, 2008   ·   By   ·   1 Comment   ·   Posted in Bernard L. Madoff, Ellie Wiesel Foundation for Humanity, Philanthropy, Ponzi scheme

While the United States government wrangles with issues of auto industry bailouts, I have been holding my breath that nonprofits sector would not be further damaged by the economic downturn. My battle cry has been, “the sky is not falling.” Today, all that changed… Fox News reports, “Investors struggled Friday to understand how a former […]