According to the JTA, Yeshiva University has reportedly lost "tens of millions of dollars, if not more" in the recent $50 billion securities fraud of Bernard Madoff, sources close to the university said.
As YWN reported earlier, Madoff had served as treasurer of the YU Board of Trustees, and Chairman of its Sy Syms School of Business.
The YU official statement released, said it would not officially address the matter at this time.
The following is a list of investors tied to the firm that founder Bernard Madoff confessed to being a "one big lie,? costing clients $50 billion. (List compiled by Bloomberg News) [NOTE: This list is not final]
Access International, $1.4 billion
Banco Santander SA, 2.33 billion
Banque Benedict Hentsch, $48 million
Benbassat & Cie, $935 million
BNP Paribas, Up to 350
Bramdean Alternatives, 9.5 percent of assets
Boston philanthropist Carl Shapiro�s charitable foundation, $145 million
EIM Group, $230 million
Fairfield Greenwich Group, $7.5 billion
Fix Asset Management, $400 million
GMAC LLC Chairman Jacob Ezra Merkin�s Ascot Partners LLC, Most of its $1.8 billion of assets
Julian J. Levitt Foundation, $6 million
Kingate Management Ltd., $3.5 billion
Madoff Family Foundation $19 million
Maxam Capital Management LLC, $280 million
Mirabaud & Cie, A few million Swiss Francs
Neue Privat Bank, $5 Million
New York Mets owner Fred Wilpon�s Sterling Equities Inc, Undetermined
Notz, Stucki & Cie, Undetermined
Nomura Holdings Inc., Undetermined
Norman Braman Former owner of the Philadelphia Eagles Football Team, Undetermined
North Shore-Long Island Jewish Health System, $5 million
Pioneer Alternative Investments, Almost all of its $280 million of assets
Robert I. Lappin Charitable Foundation, $8 million
Reichmuth & Co.�s Reichmuth Matterhorn fund, $330 million
Societe Generale SA, $13.3 million
Tremont Capitalm Management, Undetermined
U.S. Senator Frank Charitable Foundation, Undetermined
Union Bancaire Privee, $850 million
Yeshiva University, Undetermined
http://www.theyeshivaworld.com/article.php?p=27192
---------------------------- Sponsor ----------------------------
Use Our Ride-sharing Network!
Our service has Boruch Hashem seen an overwhelming response.
If you are able to, please do a Mitzvah and offer a ride to those
who can�t afford or don�t know how to drive.
www.theyeshivaworld.com/rideshare
-----------------------------------------------------------------------
Was this emailed forwarded to you? Sign up to receive your own email notifications at
http://www.theyeshivaworld.com//subscribe.php
yid.vid.news@gmail.com has signed up to receive these notifications.
If you would like to unsubscribe, visit the url below:
http://www.theyeshivaworld.com//remove.php?email=yid.vid.news@gmail.com
