Quote:
Originally Posted by Martina
Not breaking news, but Yahoo has posted an article from Business Insider (never heard of it) about how Obama has made and invested his own money. LINK
ANYWAY, he donated all the Nobel Prize money, and 100k of it went to the Central Asia Institute, which has been accused of lying and misusing donations. The Greg Mortenson/ Three Cups of Tea scandal. ANYWAY, I got burned by them too -- for a considerably smaller donation. So I felt better when I read that people with considerably more informed advisors than I have made the same mistake.
Hopefully some of that money went for schools in Afghanistan.  |
Back in 2010, Carly Simon came out publicly that she and other wealthy clients (of celebrity, too) were taken to the cleaners by Kenneth I Starr (a ponzi scheme very similar to the Madoff debacle).
Starr was a former CPA, and is now a dis-barred attorney; plus from what I could find, is due to get out of prison soon - they only gave him a short sentence, who knows if he reconciled the terrible crime financially to people who got burned by him.
I don't think you or myself or others who invest and are burned by schemes like this have technically made a 'mistake'. It appears obvious to me that Starr made mistakes in judgement though (Madoff, et al, too).