Quantcast Celebrity Status Quo: Wall Street fraud leaves charities reeling

Tuesday, December 16, 2008

Wall Street fraud leaves charities reeling

Around the United States, the nonprofit community is reeling from the Bernard Madoff scandal. At least two other foundations have been forced to close their doors, having lost virtually all their assets to what the authorities describe as a Ponzi scheme that depended on new investment money to pay off earlier investments...

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Source: international herald tribune

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