Fool Me Thrice: New York Businessman Fell Prey To Enron, Madoff, And FTX Scams

Fool Me Thrice: New York Businessman Fell Prey To Enron, Madoff, And FTX Scams


Robert Belfer, an oil entrepreneur and the patriarch of the elite Belfer family, lost money during the bankruptcy of cryptocurrency platform FTX years after he suffered hits from the collapse of fraudulent energy company Enron and the Ponzi scheme led by Bernie Madoff.

Court documents show that investment funds linked to the Belfer family were included in a list of shareholders for FTX, the fraudulent digital asset company led by 30-year-old Sam Bankman-Fried, according to a report from Financial Times. Belfer Investment Partners and Lime Partners, both of which are linked to the family, held a combined $34.5 million in the company as of the beginning of last year.

Robert Belfer and his wife, Renée, are philanthropists who have donated heavily to the Metropolitan Museum of Art

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