Ethics

Madoff Crimes Hurt ACLU and Other Groups

By Ed Brayton

The fallout from Bernie Madoff's $50 billion ponzi scheme continues. Several public interest legal groups are also taking a major financial hit from having invested with Madoff's fund, including the ACLU:

Dozens of public interest legal organizations have been hit financially by the collapse of Bernie Madoff's alleged $50 billion Ponzi scheme and are scrambling to make up the shortfalls.

Organizations from the Center for Constitutional Rights to the Harvard Law School International Human Rights Clinic to the American Civil Liberties Union found out before Christmas that they will have their budgets slashed by up to one-third, due to the fallout from the Madoff case.

Full post as published by Dispatches from the Culture Wars on January 04, 2009 (boomark / email).