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Five years after the Madoff scandal rocked investors from the most sophisticated hedge funds to thousands of average investors, people are dented but surviving.
The Robert I. Lappin Youth to Israel program had been one of the early casualties of Bernard Madoff’s $65 billion investment swindle, but it, like many of those damaged institutions, has risen from the ashes.
It was an ordeal that ensnared Boston in a particular way — with some of the villains and victims and beneficiaries of Madoff here. Philanthropist Carl Sharpiro had to pay back $625 million and had to bury his wife, but lived to see his 100th birthday. Elie Wiesel has a new book, and whistle-blower Harry Markopolos has made a business of finding other scams.