Oops: Madoff Is Talking With Harvard Biz Prof.

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.


In Depth

Q&A: Open Season For Closed-End Funds

Aug 29 2014 | 10:00am ET

When Maury Fertig and Bob Huffman, former Salomon Brothers coworkers, launched...

Lifestyle

Och Funds Women In Finance Initiative At U-M

Aug 28 2014 | 3:01pm ET

Och-Ziff Capital founder Daniel Och and his wife have made a "generous donation"...

Guest Contributor

Looking Ahead: What’s In Store For Managed Futures?

Aug 22 2014 | 12:52pm ET

The last five years were phenomenal for investors in equity indices. Will the next...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

July/August 2014 Cover

The time was right

Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.