So accused billionaire fraudster Sir Allen Stanford is “the original philanthrocapitalist”, according to the cover story of the latest issue of World Finance magazine. This is surely “cover of the year” says blogger Felix Salmon, and who can disagree? Though it must contend for cover of the decade with CFO magazine, which in successive years […]
The collapse of the $50 billion Ponzi scheme run by Bernie Madoff has hurt many philanthropists and the organisations they support. There will be plenty of time to reflect on how to avoid similar disasters in future, especially by improving the financial due diligence of donors and some of their beneficiaries. But the immediate priority […]
“If Matthew Bishop were interviewing for the role of Butler in a family I served as Morals Tutor, I would tell him to stand up straighter, lower his nose to be level with the floor, and not to smirk,” says Phil Cubeta on his Gift Hub blog. Phil is the self-appointed “Morals Tutor to America’s […]
This has been a year full of collapse and scandal in the world of finance. But the revelation that Wall Street legend Bernie Madoff ran a $50 billion Ponzi scheme tops the lot. The losses – which may be most or all of that $50 billion – are likely to hit philanthropy particularly hard, especially […]