{"id":546,"date":"2012-04-18T14:13:48","date_gmt":"2012-04-18T14:13:48","guid":{"rendered":"https:\/\/www.crescentcityjewishnews.com\/?p=546"},"modified":"2012-04-30T09:58:13","modified_gmt":"2012-04-30T09:58:13","slug":"hadassah-national-president-cleared-of-any-imp","status":"publish","type":"post","link":"https:\/\/www.crescentcityjewishnews.com\/blog\/hadassah-national-president-cleared-of-any-imp\/","title":{"rendered":"Hadassah National President cleared of improprieties"},"content":{"rendered":"<p>Following the <strong>Bernie Madoff<\/strong> scandal, <strong>Hadassah Chief Operating Officer Larry Blum<\/strong> levied accusations of wrongdoing against then national treasurer and current national president <strong>Marcie Natan<\/strong> and then national president <strong>Nancy Falchuk<\/strong>. An investigation was launched by the American women&#8217;s Zionist organization by the independent law firm of\u00a0 <strong>Skadden, Arps, Slate, Meagher and Flom, LLP<\/strong> and headed by attorney <strong>Dan Kurtz<\/strong>.<\/p>\n<div id=\"attachment_549\" style=\"width: 268px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/www.crescentcityjewishnews.com\/blog\/wp-content\/uploads\/2012\/04\/Natan_Marcie1.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-549\" class=\"size-medium wp-image-549 lazyload\" title=\"Hadassah national president Marcie Natan (\u00a9Alan Smason)\" data-src=\"https:\/\/www.crescentcityjewishnews.com\/blog\/wp-content\/uploads\/2012\/04\/Natan_Marcie1-258x300.jpg\" alt=\"Marcie Natan\" width=\"258\" height=\"300\" data-srcset=\"https:\/\/www.crescentcityjewishnews.com\/blog\/wp-content\/uploads\/2012\/04\/Natan_Marcie1-258x300.jpg 258w, https:\/\/www.crescentcityjewishnews.com\/blog\/wp-content\/uploads\/2012\/04\/Natan_Marcie1.jpg 400w\" data-sizes=\"(max-width: 258px) 100vw, 258px\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" style=\"--smush-placeholder-width: 258px; --smush-placeholder-aspect-ratio: 258\/300;\" \/><noscript><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-549\" class=\"size-medium wp-image-549\" title=\"Hadassah national president Marcie Natan (\u00a9Alan Smason)\" src=\"https:\/\/www.crescentcityjewishnews.com\/blog\/wp-content\/uploads\/2012\/04\/Natan_Marcie1-258x300.jpg\" alt=\"Marcie Natan\" width=\"258\" height=\"300\" srcset=\"https:\/\/www.crescentcityjewishnews.com\/blog\/wp-content\/uploads\/2012\/04\/Natan_Marcie1-258x300.jpg 258w, https:\/\/www.crescentcityjewishnews.com\/blog\/wp-content\/uploads\/2012\/04\/Natan_Marcie1.jpg 400w\" sizes=\"(max-width: 258px) 100vw, 258px\" \/><\/noscript><\/a><\/p>\n<p id=\"caption-attachment-549\" class=\"wp-caption-text\">Hadassah national president Marcie Natan<\/p>\n<\/div>\n<p>In his final report issued on April 18 Kurtz announced: &#8220;The committee&#8217;s investigation was in-depth and thorough. After performing an extensive investigation, the conclusion the committee reached regarding the Blum allegations was that none of them were supported by facts. No volunteers, including Marcie Natan and Nancy Falchuk, breached any fiduciary duties owed to Hadassah in connection with the allegations.&#8221; The report concludes with Kurtz&#8217;s committee stating that no further action needs to be taken with respect to the Blum allegations.<\/p>\n<p>In late 2010 Hadassah agreed to terms with the court-appointed trustee in the Madoff bankruptcy proceedings where the organization repaid nearly $46 million in funds. The original amount invested in Madoff&#8217;s firm was $33 million, but the organization withdrew $137 million in payments over the course of three decades before the ponzi scheme collapsed in 2008 and Madoff was sent to prison.<\/p>\n<p>With the investigation underway Blum has been on an administrative leave of absence. No comment has been made as to Blum&#8217;s continuation as CEO of Hadassah now that the investigation has been discharged.<\/p>\n<div style=\"padding-bottom:20px; padding-top:10px;\" class=\"hupso-share-buttons\"><!-- Hupso Share Buttons - https:\/\/www.hupso.com\/share\/ --><a class=\"hupso_toolbar\" href=\"https:\/\/www.hupso.com\/share\/\"><img decoding=\"async\" data-src=\"https:\/\/static.hupso.com\/share\/buttons\/share-medium.png\" style=\"border:0px; padding-top: 5px; float:left;\" alt=\"Share Button\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" class=\"lazyload\" \/><noscript><img decoding=\"async\" src=\"https:\/\/static.hupso.com\/share\/buttons\/share-medium.png\" style=\"border:0px; padding-top: 5px; float:left;\" alt=\"Share Button\"\/><\/noscript><\/a><script type=\"text\/javascript\">var hupso_services_t=new Array(\"Twitter\",\"Facebook\",\"Google Plus\",\"Pinterest\",\"Linkedin\",\"Tumblr\",\"Email\");var hupso_background_t=\"#EAF4FF\";var hupso_border_t=\"#66CCFF\";var hupso_toolbar_size_t=\"medium\";var hupso_image_folder_url = \"\";var hupso_url_t=\"\";var hupso_title_t=\"Hadassah%20National%20President%20cleared%20of%20improprieties\";<\/script><script type=\"text\/javascript\" src=\"https:\/\/static.hupso.com\/share\/js\/share_toolbar.js\"><\/script><!-- Hupso Share Buttons --><\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[25],"tags":[67,68,66,65,69],"_links":{"self":[{"href":"https:\/\/www.crescentcityjewishnews.com\/blog\/wp-json\/wp\/v2\/posts\/546"}],"collection":[{"href":"https:\/\/www.crescentcityjewishnews.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.crescentcityjewishnews.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.crescentcityjewishnews.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.crescentcityjewishnews.com\/blog\/wp-json\/wp\/v2\/comments?post=546"}],"version-history":[{"count":3,"href":"https:\/\/www.crescentcityjewishnews.com\/blog\/wp-json\/wp\/v2\/posts\/546\/revisions"}],"predecessor-version":[{"id":548,"href":"https:\/\/www.crescentcityjewishnews.com\/blog\/wp-json\/wp\/v2\/posts\/546\/revisions\/548"}],"wp:attachment":[{"href":"https:\/\/www.crescentcityjewishnews.com\/blog\/wp-json\/wp\/v2\/media?parent=546"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.crescentcityjewishnews.com\/blog\/wp-json\/wp\/v2\/categories?post=546"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.crescentcityjewishnews.com\/blog\/wp-json\/wp\/v2\/tags?post=546"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}