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.

Margaret Soltan, 7:48PM
Posted in: headline of the day

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

  1. RJO Says:
    December 15th, 2008 at 8:24PM

    Others have probably pointed out that the Google cache contains the full board list, before it was taken off line.

  2. Bonzo Says:
    December 15th, 2008 at 11:00PM

    Ouch! Elie Wiesel Foundation – forty mil, all gone – wow!

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