Foundations with monikers such as Eisenberg, Felder, Gottleib, Gottesman, Greenman and Kaufman are among those that may have lost big as a result of Bernard Madoff’s alleged Ponzi scheme. That’s according to columnist Nicholas D. Kristof’s post Thursday on the New York Times Web site. He writes: “A few private foundations have owned up to…
He’s been bad for the Jews and catastrophic for American capitalism, but perhaps Bernard Madoff might make a good condiment. The world’s most loathed alleged Ponzi schemer — reportedly responsible for losing $50 billion of investors’ money — has inspired a hot sauce in his very own name and image. Bernie in Hell, a five-ounce…
Move over Jessica Seinfeld and Cindy McCain. There’s a new recipe-centric controversy making headlines. Remember that kosher cookbook Ruth Madoff — the wife of disgraced Wall Street trader Bernard Madoff — supposedly co-edited? Well, now another one of the book’s editors, Karen MacNeil, is telling The New York Times that “… in point of fact,…
The New York Times has a profile one of the more fascinating and underreported characters in the Madoff scandal: Sonja Kohn. Kohn was founder, chair, and 75% owner of Bank Medici, which has lost, at latest report, $3.2 billion in the alleged Madoff scam. The Austrian government subsequently took over management of the bank. Though…
In the wake of L’Affaire Madoff, writer Daphne Merkin, the sister of investor J. Ezra Merkin — his Ascot Partners fund had invested most all of its $1.8 billion with Madoff — bemoans in The Daily Beast the general invisibility of women in the world of finance. Without naming names, she writes of the limited…
In the wake of Bernard Madoff’s collapse, Forward alumna Lucette Lagnado looks to the decline of the Jewish mega-donor — and the return of a more humble form of philanthropy, replete with a higher volume of “little checks” and pushkes: “For the past several years, Jewish nonprofits had been relying on “fewer — but larger…
A billion-dollar foundation that gave to a wide array of Jewish causes is the latest charitable organization to announce that it is closing in the wake of Bernard Madoff’s financial collapse. The 19-year-old, Palm Beach, Fla.-based Picower Foundation, which distributed more than $23 million in 2007 — including gifts to about two dozen Jewish organizations…
It may take more than comfort food to soothe Bernard Madoff, who feds say ran the largest Ponzi scheme in history. But as long as Madoff — who was released on $10 milion bail last week — remains holed up in his Upper East Side penthouse, he might as well feast on warm leek and…
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