Carl J. Shapiro: Difference between revisions

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Line 1: '''Carl J. Shapiro''' (born 1913) is a ~~95-year-old~~ [[Boston]] philanthropist who has founded the Carl J. Shapiro Institute for Education and Research<ref>http://sitenav.bidmc.harvard.edu/display.asp?node_id=103</ref> at [[Harvard Medical School]] and [[Beth Israel Deaconess Medical Center]] in Boston. He is among a group of investors who have experienced potential losses between $100 million and $1 billion~~<ref>http://en.wikipedia.org/wiki/Bernard_L._Madoff</ref>~~ in the [[Bernard Madoff]] hedge fund scheme.▼ ~~{{expand}}~~ ▲Carl J. Shapiro is a 95-year-old Boston philanthropist who has founded the Carl J. Shapiro Institute for Education and Research<ref>http://sitenav.bidmc.harvard.edu/display.asp?node_id=103</ref> at Harvard Medical School and Beth Israel Deaconess Medical Center in Boston. He is among a group of investors who have experienced potential losses between $100 million and $1 billion<ref>http://en.wikipedia.org/wiki/Bernard_L._Madoff</ref> in the Bernard Madoff hedge fund scheme. Regulators are looking into a brokerage firm, [[Cohmad Securities]] (taken from the names "Cohn" and "Madoff"), which is largely owned by [[Maurice Cohn]] (Maurice "Sonny" Cohn) and his daughter Marcia, President and Chief Compliance Officer, of whom Madoff shares 10-20 per cent ownership stakes, and Madoff's firm's address in New York City. Peter Madoff, brother of Bernard, owns less than one share. Cohmad vice president Jaffe's ownership of Cohmad was less than 5 percent. <ref>[http://online.wsj.com/article/SB123189380284379481.html?mod=googlenews_wsj "Cohmad, Jaffe Face Closer Look", ''The Wall Street Journal'' (January 14, 2009)]</ref> Jaffe is married to Ellen Shapiro, daughter of Carl J. Shapiro, the founder and former chairman of apparel company Kay Windsor Inc., and an early investor and close friend of Madoff. Jaffe reportedly convinced the elder Shapiro to invest $250 million with Madoff just 10 days before Madoff's arrest. <ref>[http://www.palmbeachpost.com/localnews/content/local_news/epaper/2008/12/20/a1a_jaffe_1221.html "Jaffe Tarnished as Feds Investigate Madoff", ''Palm Beach Post'' (December 20, 2008)]</ref> <ref>[http://www.boston.com/business/articles/2009/01/14/a_madoff_ally_skips_his_hearing/ Beth Healy, "Madoff Associate Jaffe Skips State Hearing", ''Boston Globe'' (January 14, 2009)]</ref><ref>[http://www.palmbeachdailynews.com/biz/content/news/madoff/2008/12/21/Boston_JAFFE.html "Access to Bernard Madoff Made Robert Jaffe a 'Superstar'", ''Palm Beach Daily News'' (December 21, 2008)]</ref> ==References== {{reflist}} [[Category:1913 births]] [[Category:Living people]]