Wiesel Foundation loses nearly everything in Madoff scheme
The Elie Wiesel Foundation for Humanity lost more than 15 million dollars -- nearly all of its assets -- in the alleged fraud scheme run by Wall Street baron Bernard Madoff, the fund said Wednesday.
"We are writing to inform you that the Elie Wiesel Foundation for Humanity had 15.2 million dollars under management with Bernard Madoff Investment Securities," said the foundation, which aims to combat anti-Semitism, on its website.
"This represented substantially all of the Foundation's assets," it said.
"We are deeply saddened and distressed that we, along with many others, have been the victims of what may be one of the largest investment frauds in history."
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"We are writing to inform you that the Elie Wiesel Foundation for Humanity had 15.2 million dollars under management with Bernard Madoff Investment Securities," said the foundation, which aims to combat anti-Semitism, on its website.
"This represented substantially all of the Foundation's assets," it said.
"We are deeply saddened and distressed that we, along with many others, have been the victims of what may be one of the largest investment frauds in history."