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Madoff Scandal Hurts Texas Innocence Project

By standdown

That's the title of a news article from the Austin American-Statesman on Wednesday.  LINKThe Bernard Madoff scandal is hitting home for the Innocence Project of Texas. The JEHT Foundation ? a major financial supporter of the Innocence Project ? is shutting its doors in January because its prime donors invested with Madoff, a Wall Street financier accused of running a pyramid scheme that defrauded investors out of billions of dollars. That means the foundation will no longer be able to fund the Innocence Project, a statewide nonprofit dedicated to overturning wrongful convictions. JEHT provides $125,000 of the project's $200,000 annual budget, project Chief Counsel Jeff Blackburn said . And:Finding new money may not be easy considering the current economic climate...continue to full post

Full post as published by StandDown Texas Project on December 29, 2008 (boomark / email).