Charities still stung by Madoff scandal year later

Courtesy Newsvine - business  Fri, 12/11/2009 - 05:00

Nancy Falchuk will never forget the phone call. She was in Boston, it was raining and the news was bad. Hadassah, the century-old Jewish charity she had been elected to lead a year earlier, had just lost a big chunk of its endowment in a Ponzi scheme — maybe as much as $90 million.

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