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	Podcast:		Knowledge on the Deeper Side
	Episode:		Headlines - Lesson 2 - Charitable Ponzi Schemes
	Category:		Religion & Spirituality
	Duration:		01:14:30
	Publish Date:		2018-03-16 15:03:26
	Description:		The arrest of Bernie Madoff in 2008 once again brought the term “Ponzi” into our everyday lexicon. The term is named after Charles Ponzi, an Italian-born financier who would pay investors wildly generous returns without generating any profits from the investment, using money received from new investors. Essentially, he pocketed his clients’ money without investing it for them. The Madoff scandal hit especially close to home for the Jewish community not only because he is Jewish, but also because of his philanthropic involvement in many worthy Jewish institutions and charities. But should these charities keep the donations they received from Madoff? Or should they be legally or morally obligated to return the money to the defrauded Madoff clients? We explore these fascinating questions in the light of Talmudic discourse and Jewish law in our second session of Headlines.
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