Comments on: Yeshiva University Revises Madoff Losses to Just $14.5M

By: ras18

ras18 — Wed, 31 Dec 2008 05:07:44 +0000

how many years i was criticized that only the frumies make ‘chilul hashems’ with there scams and frauds perpetrated by frumies against their own people. well this madoff scam takes the cake.it adds up to all the scams that ever took place in the united states and probably the world and surpassed it by large numbers.50 billion dollars.with the help of educated, sophisticated collaberators affiliated with institutions of higher learning etc…etc….
madoff couldnt do this crime by himself. he had to have associates well positioned and knowledgeable to carry out such a sheme.

By: Dan Daoust

Dan Daoust — Wed, 31 Dec 2008 02:05:48 +0000

I’m not sure I get this. If there was an assumption that the $110 million constituted a part of the $1.2 billion endowment, then what difference does it make how that number got to be $110 million? What matters is that the endowment became $110 million less than they had thought it was. And if they thought all along that they had actually put in $110 million and lost it, wouldn’t that have meant that they thought they lost much more on top of that in false profits (no pun intended)?

By: deepthinker

deepthinker — Tue, 30 Dec 2008 22:37:04 +0000

“Alice in Wonderland”

By: misterzee

misterzee — Tue, 30 Dec 2008 22:33:15 +0000

How do we downgrade the ratings on Moody’s they messed up the whole ratings game for 2008,why are they still operating?

By: LBK

LBK — Tue, 30 Dec 2008 22:15:30 +0000

What a load of garbage! Of course, they first tried to obliterate any mention of Madoff from their website, but unfortunately, people “found out” about their connection. A shame they couldn’t get rid of the google links as well.

By: proud of KAJ WH TIDE

proud of KAJ WH TIDE — Tue, 30 Dec 2008 21:49:07 +0000

Perhaps the ” $ 50 BILLION” will really be worth $ 50 million ,because people are using the fictitious profits as the right amount.However,the investors used the fictitious amounts in their budgets and did business with others based on this fraud.

By: brisker

brisker — Tue, 30 Dec 2008 21:32:22 +0000

This is so misleading and I think its mainly damage control. Acoording to the Crains article the investment was 14.5 million. If the profits over the years made it 110 million then they were making some return. That is a quite a few hundred percent. Also, bottom line their endowmwment value went down by 110 million.