Fortune takes a hard look into how the collapse Bernie Madoff’s economic house of cards has played out in Minnesota. Not well: “While some regional reports put the losses at $300 million, a local attorney working with victims believes $600 million is a more accurate number. He knows of two families who lost a total of more than $130 million. Dozens of other families lost smaller amounts, representing everything from children’s college savings to retirement accounts, while local Jewish-funded philanthropies find themselves scrambling to pay for basic core missions for the poor.” (Via)
Madoff and Minneapolis
Feb 18 2009 — 12:29pm
