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Shapiro tax filing shows a steep loss

Foundation writes down $140m for ’05 after Madoff fraud

The Ruth and Carl Shapiro Foundation has said it lost more than half of its 2007 assets. The Ruth and Carl Shapiro Foundation has said it lost more than half of its 2007 assets.
By Beth Healy
Globe Staff / August 5, 2009

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The family foundation of Carl Shapiro, one of Bernard Madoff’s longtime friends and investment clients, has amended its taxes to reflect more than $140 million in losses to the convicted swindler. (Full article: 752 words)

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