Talk:Foundation for New Era Philanthropy

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Westwood Endowment, Indianapolis, $2.8 million (less than $280,000) What is that supposed to mean? S Sepp 13:16, 9 May 2006 (UTC)

Good question. I wrote the original list years ago. My recollection is that some of the organizations that lost money in the scam wore more than one hat; they put money in as potential recipients, to be matched by others, and additional money as "donors" themselves. In the end, they typically lost all of this. The amounts in parentheses indicate money lost as donors (I think). I think the courts may have repaid creditors at different rates depending on which category they fell into, so rosters of creditors were precise about how much money was lost in each of these categories, even if by a single firm. I would have to dig through old court records or newspaper articles to be certain. If you check versions of the page prior to a "trimming" by an editor named "Kingboyk" on March 25, you will see a much more complete list of those hurt.Uucp 15:30, 9 May 2006 (UTC)

The original article had a serious POV tone, suggesting this could all be chalked up to gullible religious fanatics. While Christian charities were involved (no surprise as the majority of giving is from such sources), many many major 'secular' organizations were also stung. The article also managed to miss a major player: Prudential Securities ultimately paid an $18 million fine for its part. I've modified the article to correct these omissions. Mr Pete 21:26, 18 June 2007 (UTC)