Newsmax.com - Elie Wiesel Foundation Loses Everything to Madoff: "'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 Web site.
'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.'
The statement added that the foundation 'remains committed to carrying on the lifelong work of our founder, Elie Wiesel. We shall not be deterred from our mission to combat indifference, intolerance, and injustice around the world.'
Wiesel, 80, a Nobel laureate and prolific author who survived the Holocaust, created the foundation two decades ago to foster international dialogue and youth programs to teach tolerance."
Thursday, December 25, 2008
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