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How risky investment bets helped cripple a major university
How risky investment bets helped cripple a major university

Yeshiva University in New York fessed up years ago to having lost more than $100 million in Bernard Madoff's Ponzi scheme.  But it was hard to blame the leadership of the prestigious Jewish institution for that misstep, given how many other prominent wealthy investors lost money in the scam. But as Steven I. Weiss of the Jewish Channel documents in an astounding investigative piece produced and published by takepart.com, the full story is much, much worse. Yeshiva has lost hundreds of millions through investments in risky hedge-fund investments, all approved by board members with a taste for risk. Formerly one of the most comfortably endowed institutions of higher learning in...

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