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A Maine small business owner and conservationist has lost $2.5 million from Bernard Madoff's Ponzi scheme.
Daniel Goldenson and his wife, Suzanne, invested their retirement money in the Ascot Fund, which was then invested with Bernard L. Madoff Investment Securities, Madoff's now defunct firm, according to the Portland Press Herald. Madoff, a former Wall Street executive, paid returns to investors out of the principal paid by new investors that so far has cost investors $50 billion.
Goldenson recently launched an online business, Starting Out Inc., in Damariscotta, which offers career and life-management resources for young people. The loss of assets could delay his plans to use the proceeds of the new business for a fund to benefit young Mainers. He also plans cut back on his charitable work, which has included preserving land in the Bremen area and helping secure a grant for upgrades to the Bremen Lobster Co-Op lobster pound, the paper reported.
Goldenson and his wife appear to be the only Mainers affected by the Madoff scandal so far, according to the paper.
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Learn moreThe Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.
Work for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
Whether you’re a developer, financer, architect, or industry enthusiast, Groundbreaking Maine is crafted to be your go-to source for valuable insights in Maine’s real estate and construction community.
Coming June 2025
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