The greedy crook did not "loose" all his money - unfortunately!! (He might be
bailed out by the American generous taxpayers!).
============
http://www.newsmax.com/insidecover/wiesel_losses_madoff/2008/12/24/165157.html?s=al&promo_code=7655-1
Elie Wiesel Foundation Loses Everything to Madoff
Wednesday, December 24, 2008 2:17 PM
Article Font Size
WASHINGTON The Elie Wiesel Foundation for Humanity lost more than $15 million
-- nearly all of its assets -- in the alleged fraud scheme run by Wall Street
baron Bernard Madoff, the fund said Wednesday.
"We are writing to inform you that the Elie Wiesel Foundation for Humanity had
15.2 million dollars under management with Bernard Madoff Investment
Securities," said the foundation, which aims to combat anti-Semitism, on its
Web site.
"This represented substantially all of the foundation's assets," it said.
"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 statement added that the foundation "remains committed to carrying on the
lifelong work of our founder, Elie Wiesel. We shall not be deterred from our
mission to combat indifference, intolerance, and injustice around the world."
Wiesel, 80, a Nobel laureate and prolific author who survived the Holocaust,
created the foundation two decades ago to foster international dialogue and
youth programs to teach tolerance.
He is among dozens of wealthy Jews to have lost substantial amounts of money in
Madoff's scheme.
Prosecutors say Madoff confessed to losing upwards of $50 billion over years of
running a pyramid scheme, where new investors were secretly fleeced to pay
returns to earlier investor
The 70-year-old former chairman of the Nasdaq stock market and a mainstay of
the powerful American Jewish community is currently free on bail of 10 million
dollars as police continue their probe.
Copyright © 2008 Agence France Presse. All rights reserved.
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