#1 Isn't It Awful, Madoff SCREWS ACLU OUT OF $850,000 !
12-25-2008, 04:08 PM
- Join Date
- Aug 2005
The American Civil Liberties Union sent out an emergency appeal to card-carrying members and donors this week after realizing it is a victim of Bernard Madoff's self-confessed Ponzi scheme.
"We've been hit hard in a way that no one could forecast," Alma Montcla, director of administration and finance for the left-leaning advocacy group, wrote this week.
"Two foundations that have been incredibly generous and longstanding supporters of our national security and reproductive freedom work have been victimized by the Madoff scandal - forced to close their doors and terminate their grants," the plea said.
"That means that $850,000 in support we were counting on from these foundations in 2009 simply won't exist."
The ACLU reported $80 million in income in 2007.
The grim news came as the Elie Wiesel Foundation, which previously said it lost $15.2 million invested with Madoff, released a statement that it was completely wiped out.
"This represented substantially all of the foundation's assets," the organization dedicated to fighting anti-Semitism said.
Wiesel himself lost a substantial amount of his personal wealth with Madoff, who targeted wealthy Jews and Jewish organizations for investments.
A handful of New Jersey elected officials have also admitted that they were fleeced by Madoff.
"I know people who are ashamed, and they're embarrassed," former Fort Lee Mayor Burt Ross told The Record of Bergen County of his $10 million in losses.
State Sen. Loretta Weinberg, a Democrat from Teaneck, said she and her husband lost their life savings worth $1 million.
12-25-2008, 05:10 PM"Two foundations that have been incredibly generous and longstanding supporters of our national security and reproductive freedom work have been victimized by the Madoff scandal - forced to close their doors and terminate their grants," the plea said.
12-25-2008, 07:24 PM
- Join Date
- May 2008
The ACLU getting taken to the cleaners makes my day. Oh, it's Christmas. God has a great sense of humor.
No money to assist the abortionist, queers, the anti-religious and other left wing kooks. AWWWWW.
12-25-2008, 08:46 PM
Hmmmm...wonder if they will ask for a bailout.
12-26-2008, 09:02 AM
- Join Date
- Apr 2004
- The Swamps of N. Florida
I think the ACLU should go to court and defend Bernard Madoff's right to defraud millions of people and organizations out of billions of dollars.
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