University Diaries » No Wonder Yeshiva University Erased Its Trustees Webpage.

According to research of 990 forms conducted by a fund raiser I know, at least four members of Y.U.’s board had significant charitable dollars invested with Madoff, either directly or through J. Ezra Merkin’s Ascot Partners [Merkin and Madoff seem to have been quite a team], a hedge fund which lost all of its $1.8 billion in assets after puttting them in Madoff’s hands:

* Ludwig Bravmann’s foundation had $5 million of its $20 million invested with Ascot as of June 2007.

* Warren Eisenberg’s foundation had $5 million of its $100 million invested with Madoff as of June 2007.

* Emanuel Gruss’s foundation had an unknown portion of its $33 million invested with Ascot as of March 2007.

* Joshua Muss’ foundation had $2 million of its $23 million invested with Madoff as of October 2007.

* Elie Wiesel’s Elie Wiesel Foundation for Humanity apparently had all of its $40 million invested with Madoff.

Trackback URL for this post:
http://www.margaretsoltan.com/wp-trackback.php?p=7088

2 Responses to “No Wonder Yeshiva University Erased Its Trustees Webpage.”

Comment on this Entry

Latest UD blogs at IHE

Archives

Categories