Baseball Complex Donors Madoff’d

Hat tip to the Ann Arbor Chronicle, it appears as though the primary donors to the new (& very well done) University of Michigan baseball and softball complex were stung a bit by Ponzi schemer Bernard Madoff. Ouch.

Bloomberg.com compiled and published a list of foundations that invested with Madoff and included the Wilpon Family Foundation.

Thankfully it’s not clear how much the family invested and lost with the shmuck Madoff.

Related:

The WSJ has been all over the Madoff story, read Stephen Greenspan’s essay this weekend, Anatomy of Gullibility: Why We Keep Falling for Financial Scams.

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