bail out

Madoff Fallout

“Were any of your supporters invested with Madoff?”

I’ve lost track of how many times I’ve been asked that question in the last few months.

At first, I could answer: “not that I know of.” Then I received the following letter from a supporter:

“Some time ago …. I had put my pension from thirty years work into an investment that was indirectly hooked into the Madoff fraud. [A]ll of [my] savings were stolen in this scheme. We’re struggling now to re-build some reserve and retain our sense of equanimity.”

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