December 15, 2008
Trader Accused of $50-Billion Fraud Had Ties to Yeshiva U.
Bernard L. Madoff, the Wall Street trader who was arrested last week for allegedly defrauding investors of $50-billion in what prosecutors say he called "a giant Ponzi scheme," has resigned two leadership posts at Yeshiva University. But some of the institution's other ties with Mr. Madoff may not be so easily cut. News reports say the institution's endowment may have invested some of its assets through his private firm.
Mr. Madoff was arrested on Thursday on charges of
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