Blog

Bernard Madoff, De-Funder of the Left


Embezzler Bernard Madoff, who swindled clients out of at least $50 billion, was sentenced to 150 years imprisonment today.

Very few media reports have focused on the damage that Madoff did to left-leaning foundations and political causes.

I wrote about this topic in the American Spectator in January.

The record-breaking fraud has forced the closing of the JEHT and Picower foundations, longtime supporters of leftist groups.

Left-wing groups funded by those charities include ACORN, Center for Constitutional Rights, and Alliance for Justice.

Matthew Vadum

The author of Subversion Inc.: How Obama’s ACORN Red Shirts are Still Terrorizing and Ripping Off American Taxpayers (WND Books, 2011), Vadum, former senior vice president at CRC, writes and speaks widely…
+ More by Matthew Vadum

Support Capital Research Center's award-winning journalism

Donate today to assist in promoting the principles of individual liberty in America.

Read Next