Greed, greed and more greed -- investor bilks wealthy families and their foundations

A front page article in the Boston Globe  and business section of the  New York Times yesterday outline a huge Ponzi scheme run by investor Bernard Madoff. When totally uncovered it looks like this guy (a captain of wall street and pillar of the community) has bilked billions from wealthy families and some of their charitable foundations.  From time to time scandals like this erupt in the philanthropy community.  Remember the United Way scandal from years ago?  More that just stealing from the people who trusted him to manage their foundation's investments, Madoff has sparked the worst kind of cynicism  in this season of light.  When many fundraisers are working harder than ever for important causes -- this guy's GREED hurts us all.