Monday, 30 March 2015
Last updated 10 hours ago
Sep 6 2011 | 3:57am ET
It seems that Bernard Madoff's claims about his relationship with the Harvard Business School are not outright lies, but mere stretches of truth and imagination.
In a series of interviews with Fox Business Network's Charlie Gasparino this summer, Madoff boasted that he was developing a course with the school—a course focused not on the $65 billion Ponzi scheme that earned him a 150-year prison sentence, but on his decades as a pioneer on Wall Street.
Harvard quickly denied those claims, but after Madoff insisted last week to Gasparino that he was, in fact, working with a Harvard Business School professor, Harvard amended its initial denial.
"There are no official discussions of any kind about developing a course with him," a Harvard spokesman told Fox. But the school conceded that he has corresponded with "a member of the faculty" who is "conducting this research independently."
"I'm sorry for any confusion that has caused but we do not monitor the research activities of our individual faculty members," the spokesman explained.
Neither Madoff nor Harvard would identify the professor in question. Madoff told Gasparino he should ask Diana Henriques, author of a book about Madoff's scam, with whom he claimed to have shared his correspondence with the Harvard professor.
Henriques confirmed "communication between Madoff and a Harvard Business School professor for some independent research," but did not provide a name.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…