Madoff scheme hits Jewish charities hard

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In a sign of the uncomfortable links the scandal has generated, the Fundamentalist newspaper reported that at least four of Yeshiva’s other board members had foundations with funds invested with Mr. Madoff. And one of the night’s honorees was the principal of the Jewish Ramaz Day School in New York, which had lost $6 million of its endowment because of Mr. Madoff.

About the Author
David R. Sands

David R. Sands

Raised in Northern Virginia, David R. Sands received an undergraduate degree from the University of Virginia and a master’s degree from the Fletcher School of Law and Diplomacy at Tufts University. He worked as a reporter for several Washington-area business publications before joining The Washington Times.

At The Times, Mr. Sands has covered numerous beats, including international trade, banking, politics ...

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