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Jaffe enters settlement in money laundering case

Robert Jaffe, the former BIDMC trustee who helped recruit clients for Madoff’s Ponzi scheme, has entered into an agreement to settle federal money laundering claims.  Under the agreement, Jaffe will pay $38 Million, which will be used to compensate other Madoff victims.  Jaffe resigned from the BIDMC Board of Overseers in March 2009 after 1199SEIU raised concerns about his involvement with Madoff.

Documents on Shapiro settlement

December 7, 2010 Carl Shapiro, family agree to return $625 in Madoff funds

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