Famed for piety, Jacob Merkin put faith and funds in Bernie Madoff
Monday, January 19, 2009 : PermalinkNew York Daily News - Jacob Ezra Merkin was once revered as a wizard of Wall Street, an angel of charity and a lion of Judaic studies.
Now he has earned infamy as a destroyer of wealth, a menace to philanthropy, a pariah in some synagogues and a target of a probe by the state attorney general’s office.
A single unforgivable deed capsized his fortune, reputation and social standing overnight: He embraced a false prophet of profit named Bernard Madoff.
Tags: angel, charity, destroyer, ezra, false prophet, fortune, infamy, jacob, judaic studies, lion, merkin, new york daily news, pariah, reputation, state attorney general, synagogues, target, wall street, wizard, york daily news
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