In the wake of Tufts’ announcement on Friday that it had lost $20 million of its endowment in Wall Street mogul Bernard Madoff’s alleged $50 billion Ponzi scheme, the university maintains that its investment met due diligence standards.
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The Tufts administration says that the Times' report of a financial link between Trustee James Stern and Ezra Merkin, the investor whose company lost $20 million of Tufts' money in Bernard Madoff's Ponzi scheme, was misleading.
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Former British Prime Minister Tony Blair will come to Tufts this spring to deliver the 2009 Issam M. Fares Lecture on foreign policy.
The Tufts Community Union (TCU) Senate voted last night to save some of the $687,780 in recovered funds and put the rest toward student activities. The decision ended a nearly three-month-long process that saw the body work to determine how to dispense of money allegedly embezzled by two former administrators.
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