Intermountain Jewish News

Banner
Sunday,
May 29th
Home News Local No local federation exposure to Madoff

No local federation exposure to Madoff

E-mail Print PDF

Bradley Friedman, executive director of the Denver-based Jewish Community Foundation, told the Intermountain Jewish News this week that the organization has no money invested with Bernard Madoff in any of his various investment funds.

Likewise, Friedman says, the Allied Jewish Federation — “which has almost no assets invested in anything other than mutual funds” — has no money invested through Madoff’s firm, and therefore faces no financial exposure.

As to Colorado family foundations with ties to Madoff, “I’m not aware of any,” Friedman said.

He is worried about the impact the scandal is sure to have on many other Jewish philanthropies, however.

“I keep getting little blurbs from Jewish organizations and individuals who have family foundations invested with [Madoff] and it’s very, very upsetting,” Friedman said.

“The ripple effect of his alleged deeds is just spreading throughout the Jewish philanthropic world. It’s very scary.”

Search the IJN using the term Madoff, and find all of our stories related to this financial scandal.

Last Updated ( Tuesday, 17 February 2009 03:11 )  

IJN e-Edition

This is only a taste! Get full access to the IJN via our e-Edition, only $14.04 for IJN Print subscribers.

E-Edition subscribers get access to a complete digital replica of the IJN, which includes all special sections.

Get the IJN's free newsletter!

Shabbat Times

JTA News

Russia to return Israeli tank captured by Syria in 1982

Cnaan Liphshiz (JTA) — Russia said it will return to Israel a tank that Syrian forces captured in 1982 in a traumatic battle for the Israel Defense Forces that ended with 20 dead and three MIAs. Russian Presid... [Link]

Labour readmits activist suspended for blaming slave trade on Jews

Cnaan Liphshiz (JTA) — A Labour activist who was suspended from the British party for claiming that Jews were “chief financiers of the sugar and slave trade” has been readmitted to its ranks. Jackie Walker... [Link]

Israel Police: Potentially incriminating fraud evidence on Sara Netanyahu

Cnaan Liphshiz (JTA) — A probe into alleged fraud and misuse of public funds at the Israeli prime minister’s residence yielded evidence that police said may support a conviction against Benjamin Netanyahu’... [Link]

12 Palestinian arrested for Jerusalem bus bombing

Cnaan Liphshiz (JTA) – Police in Israel arrested 12 Palestinians from the Bethlehem area suspected of planning a bus bombing last month in Jerusalem. The arrests took place in recent weeks but were only made publ... [Link]

Drake has a crush on Sarah Silverman

Gabe Friedman News flash: The most famous Jewish rapper on earth has a crush on one of the most famous Jewish comedians on earth. As explained on “Late Night with Seth Myers” Thursday night, Drake recently post... [Link]

Netanyahu’s government may be near collapse, report says

Julie Wiener (JTA) — Prime Minister Benjamin Netanyahu’s government may be on the verge of collapse according to Israel’s Channel 10. In a report Friday night, the TV station quoted unnamed “party leaders... [Link]

Arab states have reportedly hand-picked Palestinian leader to succeed Abbas

Julie Wiener (JTA) — The United Arab Emirates, Egypt and Jordan are reportedly planning to have former Gaza strongman Mohammed Dahlan replace Palestinian Authority President Mahmoud Abbas. Citing unnamed senior ... [Link]

Captain America is a secret Nazi, and people are going crazy about it

Andrew Tobin The new Captain America comic book includes an epic reveal, and some people are not happy about it. When fans ran out to grab Marvel Comics’ “Captain America: Steve Rogers #1” on its relea... [Link]

Intermountain Jewish News • 1177 Grant Street • Denver, CO 80203 • 303 861 2234 • FAX 303 832 6942
email@ijn.com • larry@ijn.com • lori@ijn.com