This week an online investigative magazine revealed that Jewish mega-donor Seth Klarman owns nearly $1 billion in Puerto Rican debt, a fact he tried to hide by holding the asset in layers of shell companies. Klarman has also made some secretive political donations, using “dark money” groups to support charter schools and fight teachers’ unions.
It took a while. But Republican casino mogul Sheldon Adelson finally reached his natural position - as a top election year megadonor.
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: