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POLITICAL AGENDA

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    Despite rumors, Hillcrest Country Club in St. Paul not affected by Madoff scheme

    By Joe Kimball | Published Fri, Mar 20 2009 9:12 am

    News reports of the Bernie Madoff Ponzi scheme -- including a Wall Street Journal article -- have noted that members of St. Paul's Hillcrest Country Club were among those who lost big money in the debacle. That led to recent rumors that the club itself might be in the financial rough.

    But a club spokesperson said this week that no club money was invested with Madoff and that rumors of a possible sale are false.

    St. Paul City Council Member Dan Bostrom, who represents the area, said he, too, has been told that even if some club members were Madoff victims, the club itself was not.

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    Political Agenda is a place for quick-hit news about Minnesota's political scene and players. MinnPost's staff, including Joe Kimball and Doug Grow, will contribute items about local and state government, plus national political doings that have a Minnesota angle. Items will appear throughout the day, so check back often.

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