{"id":9638,"date":"2009-01-15T00:00:00","date_gmt":"2009-01-15T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"shapiro-a-madoff-victim","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/01\/2009\/shapiro-a-madoff-victim.html","title":{"rendered":"Shapiro a Madoff Victim"},"content":{"rendered":"<p>HorseRaceInsider.com &#8211; Richard Shapiro, former chairman of the Califorinia Horse Racing Board, has been &quot;devastated&quot; financially by the $50-billion Ponzi scheme that was engineered by Bernard Madoff, according to a letter that Shapiro wrote to a U.S. Congressman.<\/p>\n<p>&quot;Nearly all of my life&#8217;s work, savings and pension evaporated on December 11, leaving me in desperate financial straits,&quot; Shapiro said in the letter to Brad Sherman, a Democrat who represents the San Fernando Valley, an area where Shapiro lives. The letter was dated January 12.<\/p>\n<p>In the letter, Shapiro asked Sherman to pursue Congressional relief that might help him and other victims of Madoff, who has confessed to defrauding dozens of clients from his company&#8217;s New York offices. One of Shapiro&#8217;s proposals is to allow Madoff victims to claim credit for back taxes that they paid on paper profits that didn&#8217;t really exist.<\/p>\n<p><a href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.horseraceinsider.com\/blog.php\/lines-in-the-sand\/01152008-shapiro-a-madoff-victim\/\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>HorseRaceInsider.com &#8211; Richard Shapiro, former chairman of the Califorinia Horse Racing Board, has been &quot;devastated&quot; financially by the $50-billion Ponzi scheme that was engineered by Bernard Madoff, according to a letter that Shapiro wrote to a U.S. Congressman. &quot;Nearly all [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[5797,4331,5798,5800,5802,1466,5801,5796,4248,3531,5795,5799],"class_list":["post-9638","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-back-taxes","tag-bernard-madoff","tag-brad-sherman","tag-congressman","tag-democrat","tag-dozens","tag-horse-racing","tag-paper-profits","tag-ponzi-scheme","tag-proposals","tag-richard-shapiro","tag-san-fernando-valley"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9638","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=9638"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9638\/revisions"}],"predecessor-version":[{"id":36314,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9638\/revisions\/36314"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=9638"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=9638"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=9638"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}