Skip to comments.Madoff-invested charities contributed $365k to Media Matters
Posted on 03/02/2012 3:34:39 AM PST by jmcenanly
Media Matters for America accepted funding from at least three foundations whose money grew under the fraudulent stewardship of the now-incarcerated Bernard Madoff. One of those foundations was backed by a man many believe was in cahoots with the legendary financial criminal.
Madoffs Wall Street empire crumbled in late 2008 after federal authorities were tipped off to his multibillion-dollar Ponzi scheme.
Among those institutions that saw their fortunes evaporate were foundations that had placed their trust and investments in Madoffs surreal enterprise. Three of those philanthropies contributed money to Media Matters in 2008, at least one of which may have even been complicit in Madoffs scheme.
(Excerpt) Read more at dailycaller.com ...