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Industry Spotlight > Women in Wealth

Two Years After Madoff: An Argument for Foundation Audits

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It’s been two years since Bernie Madoff pleaded guilty to 11 federal felonies for his elaborate Ponzi scheme that swindled investors out of billions of dollars. Still, fraud continues to be rampant. And foundations, which are rarely audited, sometimes prove to be an easy mark for embezzlers and thieves.