Will Madoff Scandal Affect Theatre Industry?

Once again another large-scale scandal rocks Wall Street as Bernard Madoff, a successful Wall Street mainstay and investment advisor was arrested for an alleged $50 billion dollar fraud against investors.

His arrest has struck fear in the hearts of investors worldwide, it is starting to be felt in the already bruised and battered world of creative nonprofits.

The bigger question is will it spread even further into the theatre world at large?

An excellent feature from Bloomberg News gives a detailed report on the effects of the Madoff scandal in relation to the arts.

To read the Bloomberg article click here.

Photo Credit: AP