), ▁and ▁a ▁fine . ▁ ▁Fin an cial ▁losses ▁On ▁May ▁ 2 0 , ▁ 2 0 0 9 ▁the ▁family ▁foundation ▁of ▁Carl ▁Sh api ro ▁am ended ▁its ▁tax es ▁to ▁reflect ▁more ▁than ▁$ 1 4 0 ▁million ▁in ▁losses ▁in ▁ 2 0 0 5 . ▁ ▁It ▁reflected ▁a ▁ 7 4 ▁percent ▁drop ▁in ▁income , ▁to ▁$ 1 . 2 ▁million . ▁The ▁Foundation ▁h ired ▁Car as ▁and ▁Sh ul man , ▁P . C . ▁for ▁account ing ▁purposes . ▁ ▁Their ▁previous ▁account ing ▁firm , ▁Kon igs berg , ▁Wolf ▁& ▁Co ., ▁was ▁the ▁firm ▁M ado ff ▁recommended ▁to ▁many ▁clients . ▁ ▁San ctions ▁Sh api ro ▁is ▁among ▁a ▁group ▁of ▁invest ors ▁who ▁have ▁experienced ▁potential ▁losses ▁between ▁$ 1 0 0 ▁million ▁and ▁$ 1 ▁billion ▁in ▁the ▁Bernard ▁M ado ff ▁h edge ▁fund ▁scheme . ▁It ▁has ▁been ▁reported ▁that ▁a ▁criminal ▁investigation ▁has ▁comm enced ▁regarding ▁his ▁alleg ed ▁comp licity ▁in ▁the ▁M ado ff ▁affair . ▁In ▁ 2 0 1 0 , ▁Sh api ro ▁and ▁various ▁related ▁people ▁and ▁entities ▁agreed ▁to ▁for fe it ▁$ 6 2 5 ▁million ▁to ▁the ▁United ▁States , ▁all ▁of ▁which ▁will ▁be ▁made ▁available ▁to ▁the ▁vict ims ▁of ▁the ▁fra ud ul ent ▁invest ment ▁advis ory ▁business ▁which ▁was ▁owned ▁and ▁operated ▁by ▁Bernard ▁L . ▁M ado ff . ▁Since ▁at ▁least ▁the ▁late ▁ 1