Nobel Laureate’s Foundation Decimated

In one of the more profoundly disturbing metaphors of the Madoff Scandal we are saddened to report the following: the Elie Wiesel Foundation for Humanity reported on its website that substantially all of its assets ($15 million) were under management by Bernie Madoff. EPD can find nothing at all humorous to say nor offer any spry commentary about the financial and psychological damage inflicted onto the Jewish philanthropies devastated by Madoff including Yeshiva University ($100 million and growing), Hadassa ($90 million) Stephen Speilberg's Wunderkinder Foundation (nearly $50 million). EPD urge anyone able to help out to consider contributing to these organizations who have to pick up the pieces of shattered trust.

Other aspects of the Madoff Scandal remain fair game.

http://www.eliewieselfoundation.org/
http://www.eliewieselfoundation.org/madofffraudstatement.aspx

To Our Friends:

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. We are writing to inform you that the Elie Wiesel Foundation for Humanity had $15.2 million under management with Bernard Madoff Investment Securities. This represented substantially all of the Foundation's assets.

The values we stand for are more needed than ever. We want to assure you 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.

At this difficult time, the Foundation wishes to express its profound gratitude for all your support.

The Elie Wiesel Foundation for Humanity