POSITIVE FALLOUT FROM PONZI SCHEME
Catalyst March Issue 2009
Bernard Madoff, who allegedly fleeced countless numbers of persons and organizations, was also a generous supporter of the abortion rights industry, managing the assets of groups like the Picower Foundation. The now-defunct foundation funded the organizations that handled the vast majority of abortion rights litigation in the United States.
The good news is that big losers in this scheme are “the Center for Reproductive Rights [which] needs to make up a $600,000 shortage in 2009; Planned Parenthood [which] is out $484,000; the ACLU’s Reproductive Freedom Project [which] is off $200,000,” according to the online magazine Slate.
The shortfall for Planned Parenthood is even more significant than Slate initially reported. Between the loss of foundation funding and the downturn in the economy, Planned Parenthood is laying off approximately 20% of its staff.
It goes without saying that the financial woes of these pro-abortion groups is a nothing short of a win for the unborn community.