Thursday, September 3, 2009

Madoff Charities May Have to Give Back Money

An item in the Wall Street Journal reports that charities that profited from Bernard Madoff's decades-long Ponzi scheme may have to give back some of the money.  I know little about this case and virtually nothing about this area of law, but this strikes me as a harsh result unless the charity at issue had some institutional knowledge of the wrongdoing.


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