Yeshiva Approves Post-Madoff Policies on Conflicts of Interest

Source: bloomberg.com Posted By: Handson 5727 days ago

Yeshiva University’s trustees approved new conflict of interest measures after the school lost millions of dollars in the fraud involving Bernard Madoff, a former trustee.

The board members approved a policy on March 17 prohibiting themselves from engaging in business with the New York school, Bruce Bobbins, a spokesman for Yeshiva, said today. Members of the university’s investment committee are now “absolutely prohibited” from managing school money, he said.

“It looks like a step in the....

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