One year ago today, the sons of asset management whiz Bernard Madoff informed legal authorities that their father had confessed to running a multi-billion-dollar Ponzi scheme. A central point in the financial web of Jewish-American personages and institutions, he was arrested the following day, and the rest is history. The Forward has a retrospective package, which focuses on the effect the Madoff scandal continues to have on Jewish life and in particular Jewish philanthropy. For many, it is an important, if bitter, anniversary. For Madoff, it’s one more day in a prison term capped at 150 years.
Madoff: A Year Later [Forward]