Friday, February 06, 2009

NorthJersey.com: Lautenberg's charity lost most of $15M in assets

NorthJersey.com: Lautenberg's charity lost most of $15M in assets: "The charitable foundation established by Sen. Frank Lautenberg lost nearly all its $15 million in assets by investing them with Bernard Madoff.

'Over 90 percent of the foundation's assets were invested with Madoff,' said Michael Griffinger, a Newark lawyer representing the senator and the Lautenberg Foundation."

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