University Hit By Madoff Scheme

The University of Pittsburgh is receiving $75,000 in emergency funds for Parkinson's disease research in the wake of losses due to the Bernard Madoff financial scandal.

The Parkinson's Disease Foundation is providing the money for the lab at Pitt's School of Medicine. Researchers there are trying to determine if Parkinson's medications can also be used to improve patients' gastrointestinal condition.

The lab received about $750,000 a year for Parkinson's research from a Florida-based foundation that stopped making grants in December because its endowment was managed by Madoff.

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