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Madoff The Artist- 64 Billion Paint by Numbers

 

bruce Herlander

Bruce Herlander

Equivalent to the combined annual budget of Atlantic Canada, the discovered 1 billion of assets pales with what appears to be Clouseau trained forensic accountants inability to locate the mother lore. No public information is available on where and what the Madoff clan has hoarded in valuable art, that could have been purchased  through false representation or through associates known within the art community.

 

The Madoff tradgedy has impacted philanthropic contributions to the arts and woken up a species of art collector pirhana looking for some bottom fishing.Included is the Mark Rothko collection owned by Ezra Merkin and the Carl and Ruth Shapiro Family Foundation which focuses on arts and culture.The Rose Art museum of Brandeis University is being liquidated for approximately $300
million in part to make up for the shortfall of charitable gifts from Madoff victims.madoff-art-collection4clouseau

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Posted by Dave on Mar 26th, 2009 and filed under Miscellaneous. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.

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