Posted on 12/25/2008 4:59:12 AM PST by TigerLikesRooster
Edited on 12/25/2008 6:17:55 AM PST by Admin Moderator. [history]
December 25, 2008 -- New York University slapped tarnished financier J. Ezra Merkin with a lawsuit yesterday stemming from his ties with alleged con artist Bernard Madoff.
NYU, one of the largest private universities in the US, says it may have lost more than $24 million due to Merkin's investments with Madoff "in the face of an extraordinary number of 'red flags.' "
(Excerpt) Read more at nypost.com ...
Ping!
In investments: you buy’s your ticket , you takes your chance’s
All I see are reports of losses.
No way did Bernie consume all the missing funds.
There must be some that came out on top?
Where they?
Hey NYU - shut up and suck it up. Your money was merely redistributed - you people should be happy!
Merkin also managed money for Tufts University in Medford, Mass., which lost $20 million ... New York's Yeshiva University, where Merkin served as ... chairman of its investment committee, lost $110 million.
Yeshiva University is a first rate university and to them $110m is a lot of money. This is very sad.
Maybe the ACLU can loan them some money...Oh wait, Madoff screwed them too.
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