Monday, December 15, 2008

Sen. Lautenberg's Foundation Hit Hard By Madoff Ponzi Scheme

Fifty billion dollar Ponzi scheme on Wall Street. Billion, not million. And Senator Lautenberg's family foundation is among the hardest hit.

"Lautenberg's attorney, Michael Griffinger, said they weren't yet sure the extent of the foundation's losses, but that the bulk of its investments had been handled by Madoff."

That's a shame.

No word yet on the Joyce Foundation, but a feller can dream, can't he?

1 comment:

Farmer Frank said...

Great (bleep)ing article, but I especially liked the part about "...picking up manure from the clean end..."

Thanks for the reference.

All The Best,
Frank W. James