Bernard Madoff’s multi-billion dollar pyramid scheme reached deep into the pockets of Wall Street, Hollywood and apparently even Campus Ave. The hardest hit institution is, ironically, perhaps the closest to Madoff’s heart: Yeshiva University in NYC lost upwards of $110 million in Madoff investments. Prior to his arrest, Mr. Madoff served on Yeshiva’s Board of Trustees and chair of Yeshiva’s business school. Other institutions reporting losses include Tufts and New York Law School, each reporting approximately $20 million in losses to a Madoff connected hedge fund.  Researchers at Harvard Medical School who received grant money through the Picower Foundation have now lost their grants, as the foundation was forced to close its doors due to Madoff investments.

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