Univ not affected by Madoff
Brandeis University was cited as one of Bernard Madoff's clients on a recently released list of his investors, but the University maintains that it did not invest any University funds in Madoff's Ponzi scheme.Madoff, a former chairman of the NASDAQ composite, was accused of running a $50 billion Ponzi scheme, a fraud operation in which investors are paid out of the money input by other investors rather than out of profits.Campus-wide concerns that Brandeis' endowment would suffer arose when Brandeis University appeared on the list of Madoff's clients.
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