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Tufts Loses $20 Million in Madoff “Ponzi Scheme”

Tufts Says Investment Made with “Due Diligence”

Story Updated 9:39PM, Sunday, December 21, 2008
- Allison Goldsberry
Tufts University is the latest victim to fall prey to an enormous so-called Ponzi scheme orchestrated by disgraced Wall Street financier Bernard Madoff.
According to an email sent out Friday by Tufts President Lawrence Bacow, the school lost $20 million.
“I am […]