Nonprofits reeling from the Bernie Madoff fallout
Last week legendary trader Bernie Madoff was arrested and charged with securities fraud. Today the reverberations of Madoff’s historic scheming are being felt far beyond Wall Street. The nonprofits have been hit hard. For a look at what this means for philanthropies and those who benefit from their good works, The Takeaway checks in with Robert Crane, president and CEO of the JEHT Foundation. The foundation, whose funds were managed by Madoff, will close its doors in January.
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