YAL in Action

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Tag: madoff
  • 150 Years

    Bernie Madoff has just been sentenced to the maximum possible sentence of 150 years for a crime the judge called an “extraordinary evil” which “took a staggering human toll.” I find it rather ironic that they call Madoff has been jailed for a “Ponzi scheme” given that Social Security operates on basically the same principles.  …

  • In Madoff We Trust – Peter Schiff

    Peter Schiff, former Ron Paul economic adviser and the president of Euro Pacific Capital, responds to the Bernard Madoff situation in his latest article. As the multi-billion dollar Ponzi scheme orchestrated by Wall Street insider Bernard Madoff unravels in the media spotlight, the nation is being presented with a rare opportunity to understand the true …

  • Hospital losses millions from Ponzi scheme collapse

    The North Shore-LIJ Hospital system’s bone marrow donation center relied on donations from investors involved in Bernie Madoff’s Ponzi scheme and is now down and out $1.8 million.  I expect similar stories from other charities that rely on private donations now that the cash flow is starting to stem. Is this a case for government …