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  IN THE TRADITION
  OF SAINT DOMINIC

MADOFF VICTIMS TO SPEAK AT CALDWELL COLLEGE

Caldwell, NJ – October 20, 2009 - The Caldwell College Business Division will host a lecture with victims of the Bernie Madoff Ponzi Scheme. The forum is open to the public and will take place on Monday November 2, 2009 at 7 p.m. in the Caldwell College Alumni Theatre.

The panel will feature: Maureen Ebel, a Madoff victim who spoke at the Madoff legal proceedings and his sentencing; Financial journalist Erin Arvelund who has written a book entitled To Good to be True: The Rise and Fall of Bernie Madoff; and Helen Davis Chaitman of the law firm Phillips Nizer. Chaitman is a nationally recognized litigator, who was also a victim, and spearheaded her firm’s pro-bono representation of investors. The panel will share their experiences, pending litigation, and writings.

ERIN ARVELUND is a financial journalist who has written for Barron’s, The Wall Street Journal, the Moscow Times, The New York Times, TheStreet.com and Portfolio.com. In 2001 she wrote an article entitled Don’t Ask, Don’t Tell for Barron’s. It was the first article questioning Bernard Madoff’s demand for investor secrecy and his enviably steady gains. Her first book, Too Good to be True: The Rise and Fall of Bernie Madoff was published in August, 2009.

HELEN DAVIS CHAITMAN of the New York City law Firm Phillips Nizer, is a nationally recognized litigator with a diverse trial practice in the areas of lender liability, bankruptcy, bank fraud, RICO, professional malpractice, trusts and estates, and white collar defense. Chaitman is the author of “The Law of Lender Liability” and has authored the monthly newsletter, “The Lender Liability Law Report.” In early 2009, she spearheaded her firm’s pro bono representation of investors in Bernard L. Madoff Investment Securities LLC. She has been an outspoken advocate for the victims of Madoff’s Ponzi scheme and for the government failures which caused massive losses to innocent investors. Chaitman is herself a Madoff victim.

MAUREEN EBEL has been described as the poster child for victims. Widowed in 2001, she says she remembers the day when her uncle gave her what he thought was great news when he told her that her worries were over and that Madoff had agreed to take her on as a client. She invested several million dollars with Madoff that she and her deceased husband had accumulated over 30 years—he as a physician and she as a retired nurse. Ebel was one of only three persons who spoke before the Judge who accepted Madoff’s guilty plea. She spoke out in opposition to that plea. Ebel was also only one of only eight victims who spoke at Madoff’s sentencing. She is a Plaintiff in bankruptcy litigation and attempts to establish rulings in favor of all victims.

Business Division Professor Alvin Neiman is teaching finance and his students have been studying the Madoff case and they will be attending the lecture. “This is important because our students are gaining an understanding of one of the historically largest frauds in the financial markets. There are many lessons to be learned here about litigation, investment and how to avoid being a victim.”

For additional information, please contact Business Division Professor Alvin Neiman at Caldwell College at 973-618-3255

Founded in 1939 by the Sisters of Saint Dominic, Caldwell College is a Catholic, co-ed, four year liberal arts institution offering 28 undergraduate degrees, 20 graduate programs and one doctoral program. The College is located on a beautiful 70-acre campus in suburban Caldwell, NJ. Caldwell College provides students with a supportive community, a student/faculty ratio of 13 to 1, excellence in teaching and innovative learning environments. For further information about Caldwell College visit www.caldwell.edu.