Madoff Scandal Threatens Country’s Criminal Justice Organizations

Posted by Dan Slater

Tallying the losers in the Madoff scandal has become somewhat of a parlor game. On the legal front, we’ve seen the New York Law School emerge as an alleged victim. But the criminal justice system is reeling, as well.

Earlier this month, the JEHT Foundation — a major financial supporter of the Innocence Project in Texas, among others — announced it would shut its doors in January because its prime donors invested with Madoff. JEHT, according to this Business Week article, is a six-year-old New York City-based philanthropy focused on juvenile and criminal justice, human rights, and election reform.

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The fallout from the Madoff Ponzi Scheme gets weirder and weirder. BTW the geniuses running UofT's pension plan just reported that the plan lost 4 or 5 million dollars that was invested with Madoff. Tom