Madoff: The Atomic Bomb for Jewish Charities

[MikeWB]

Madoff: The Atomic Bomb for Jewish Charities
Posted by Dennis K. Berman
Atomic bomb. Epicenter. Disastrous.

The adjectives can't get much worse. But that's exactly what people in philanthropy are saying about the effects of Bernard L. Madoff's demise on their world.

Madoff was a social and financial nexus mainly for Jewish charities, whose foundations and benefactors were either direct or passive Madoff investors.

Deal Journal caught up Monday with Dr. Gary Tobin, who is President of the Institute for Jewish & Community Research in San Francisco. Dr. Tobin studies Jewish charities in depth, and publishes a frequent survey on Jewish-related giving.

Deal Journal: So what are the direct effects of the Madoff scandal?
GT: There are three effects. The first is that at least hundreds of millions of dollars in foundation assets have disappeared. Major Jewish foundations have lost 50% to 100% of their assets, which means tens of millions of dollars on an annual basis won't be given away.

Number two, Madoff is at the epicenter of Jewish philanthropic life in New York and Palm Beach, and people who invested — though clearly that is the wrong word — people taken in by him have lost billions of dollars. And those donors over a period of ten years from now won't be giving away huge amounts of money to Jewish or secular causes.

A $250 million foundation that disappears, if it gives away $12 million over 20 years is an incalculable loss.

There's one other aspect. You've already got this climate of fear and uncertainty. We've lost trillions of dollars in housing assets, and trillions in equities and other investments. People are already remarkably cautious about giving the money away. And now the message is you can't trust where you've invested your money.

DJ: Why was there so much concentration in the Madoff funds?
GT: Specifically, Jewish philanthropy is built on social and personal networks. High-end solicitations are person to person and built in the social culture of philanthropy.
It's like finding out your brother is a murderer, it's really bad for the family, it's bad for the family of Jewish philanthropy. I think the ripples will go beyond the Jewish community. Many other organizations invested with him that were involved in the philanthropic and nonprofit world.

DJ: How does the overall stock market play into this?
GT: We know that there are tens of billions of dollars in Jewish foundations, philanthropic foundations, but that was before the stock market crash. Those are all down by 20% to 40%. Everybody is already talking about the declines and the cuts.

If you have invested your portfolio, and it's down 30% to 40%, you don't want to sell what they consider to be discounted assets to give them away. So when organizations need money the most, is when people are most reluctant to sell off assets.

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MADOFF'S BUSINESS PARTNER IS DIRECTOR OF ISRAELI BANK CHARGED FOR LAUNDERING BILLIONS  

-  SO, WHERE DID THE MONEY GO?

Treasurer of Zionist institutions faces minimal fine and jail

"It's all just one big lie."

- Bernard Madoff to his sons about his $50 billion "Ponzi" scheme

Fraudster Bernard L. Madoff was national treasurer of the American Jewish Congress and Yeshiva University (YU).  His business partner at YU was Sy Syms, the long-standing director of Israel Discount Bank of New York, a bank charged for laundering billions of dollars in 2005.

So where did the $50 billion go?  

If a string of similar crimes are committed in the same city by a gang of close associates from the same ethnic group with the same extremist political ideology, one would naturally think there could be a connection.  This is precisely the case with the huge financial frauds that have struck New York investment banks, insurance companies, and hedge funds.  All of the key players in the current financial crisis are Zionist Jews from a very small political/ethnic community in New York City.

  But don't expect CNN or the New York Times to fill you in on the details -- they are part of the same "community."

I have been pointing out the Zionist connections in 9-11 for more than 7 years and the same connections behind the current financial crisis since September.  I have been accused of being an anti-Semite because of my research.  For American Zionists and "philo-Semites" who genuflect at the word "Jew" it seems that pointing out the Zionist Jew behind a crime is actually worse that the commission of the crime itself.   Indoctrinated by the Zionist-controlled mass media, most Americans are simply unaware that all of the key players in 9-11 and the current financial crisis come from a very small club, i.e. the Zionist Jewish criminal gang in the United States and their comrades in Israel.  The Zionist criminal network is global.


The latest massive financial scandal is the giant $50 billion pyramid or "Ponzi" scheme run by a New York Zionist Jew, Bernard Lawrence Madoff.   Madoff was chairman of the Syms business school at Yeshiva University with his partner, Sy Merns, a.k.a. Sy Syms, who has been a director at Israel Discount Bank (IDB) since 1991.  The IDB bank is well known for its money laundering business.

SYMS AND THE ISRAEL DISCOUNT BANK



The IDB is the Israeli bank at the center of the 9-11 funding matrix connected to the Bronfman family and Israeli military intelligence.  IDB is the Israeli financial institution at the center of the Zionist crimocracy.  On January 31, 2006, a controlling interest in the Bank was acquired by an investor group led by Matthew Bronfman and Rubin Schron.  Bronfman is a younger brother of Edgar Bronfman Jr., chairman and CEO of Warner Music Group Corp.


Matthew Bronfman (left) is the chairman of the board of the World Jewish Congress.  He is the son of Edgar M. Bronfman (center), former president of the WJC.  Here the Bronfmans stand with the newly elected president of the WJC, Ronald S. Lauder, after the Zionist organization known for corruption and financial irregularities held elections in New York, 10 June 2007.

The Bronfman-Schron group paid $300 million for a 26% stake, with an option on a further 25%, in IDB.  Regulators approved the transfer after the bank agreed to pay $25 million to settle a money-laundering probe of its New York unit by the Manhattan District Attorney and the New York State Banking Department.
 
On Dec 17, 2005, the New York Times reported that some $2.2 billion of illegal funds had been transmitted from Brazil through the IDB in New York.
  (See: "The Architecture of Terror: Mapping the Israeli Network Behind 9-11," especially the section on Joseph Ciechanover, the former chairman of IDB's New York branch.)

So, how did Madoff lose $50 thousand million?  Where did the $50 billion disappear to?  To Israel through the Israel Discount Bank?

Madoff told two "senior employees," i.e. his sons, Mark and Andrew, at his apartment the night before his arrest that the Madoff hedge fund and his investment advisory business was "basically, a giant Ponzi scheme," according to court documents.  His investment fund business was insolvent, and had been for years.

Thursday morning, December 11, at 8:30, FBI agent Theodore Cacioppi confronted Mr. Madoff. "We're here to find out if there's an innocent explanation," the agent said.

"There is no innocent explanation," Madoff said, saying he traded and lost money for institutional clients. He said he "paid investors with money that wasn't there" and expected to go to jail.

Many of Madoff's victims were fellow Jews looking for consistent returns on their investment, which his "Ponzi" scheme had been able to provide until a large number of investors tried to withdraw some $7 billion worth of funds in November.

  As the Wall Street Journal reported:

..News of money manager Bernard Madoff's alleged fraud sent shock waves through upscale communities in the New York area and Florida where wealthy individuals had entrusted billions of dollars to Mr. Madoff for decades.  Ira Roth, a New Jersey resident, who says his family has about $1 million invested through Mr. Madoff's firm, is "in a state of panic."

"This is going to kill so many people," said a current investor in Mr. Madoff's fund. "It's absolutely awful."
...Many of his clients knew Mr. Madoff personally but had little understanding of his investment strategy, which reported remarkably consistent returns of some 1% per month. They often referred to it as a "black box."

Madoff also allegedly said that the losses from the fraud were at least $50 billion, according to the criminal complaint. He told his sons that he was "finished," and that he had "absolutely nothing" and "it's all just one big lie.
"



WHERE DID THE MONEY GO?

So who is Bernard L. Madoff?  Apart from running his "investment company" and being a former chairman and director of the National Association of Securities Dealers (NASDAQ), Madoff is a very committed Jewish Zionist who has served as the treasurer of two leading Zionist organizations.

Madoff is just like Richard Fuld of Lehman Brothers, Sanford Weill of Citibank, and Maurice Greenberg of A.I.G., the major culprits behind the $2 trillion bail-out.

Madoff is another New York Zionist Jew, whose grandparents and parents immigrated to the United States in the 1900s from the hotbed of Zionism in the primitive and backwards Pale of Settlement (today's Byelorussia, Poland, and Lithuania). Madoff is another Zionist "Russian" Jew who has committed a massive financial fraud and cheated Americans and others out of untold billions of dollars.

Madoff at Yeshiva University's (YU) 79th Hanukkah dinner, from the left:  Bernard L. Madoff, YU's treasurer and chairman, Syms School; Sy Syms, vice chairman, Board of Trustees; and Josh S. Weston, chairman of Boys Town Jerusalem foundation.  It should be noted that Sy Syms has long been a director of the Israel Discount Bank, a scandal plagued Israeli bank based in Tel Aviv.

Sy Syms has been a Director of Israel Discount Bank of New York since December 1991.  The Israeli bank's 2004 annual report shows Syms (standing third from left) with the other directors of the bank.

Madoff is a former national treasurer of the American Jewish Congress (AJC) of New York City, one of the major fund-raising organizations for the state of Israel.  Founded by the Hungarian Zionist rabbi Stephen S. Wise, the AJC claims to be "the first Jewish Defense Agency to support the establishment of a Jewish state" and boycott Germany in the 1930s.  Wise was a Zionist who had been trained at the Jewish Theological Seminary in New York City, where Michael Chertoff's rabbi father and grandfather also studied and taught.


Madoff is also the treasurer of Yeshiva University, a private Jewish university in New York City, where he is chairman of the board of the university's business school, the Sy Syms School of Business, which he has endowed with large donations, from his "Ponzi" scheme no doubt.

Madoff has been a member of Yeshiva University's Board of Trustees since 1996, and was elected chairman of the board of Syms School of Business in 2000. (Yeshiva University is clearly trying to erase traces of Madoff from their website, but the cached versions remain.)

At Syms, where Madoff is the chairman of the board, "Jewish tradition provides the framework for consideration of ethical issues, an integral part of the student's education." Does the "Jewish tradition" taught at Yeshiva U. support giant "Ponzi" schemes like the one run by their chairman?  Is this the kind of business they teach the students at Syms?  Cheat the "goyim," i.e.
non-Jews, and steal their money?  

That is exactly what the Talmud teaches, make no mistake about it.  It is the main reason that Jews have been despised and expelled from so many nations throughout history.

Anyone familiar with the teachings of the Talmud, i.e. "Jewish tradition," will know that such anti-Christian schemes are at the heart of such an "education."  This is why so many of the financial criminals involved in the current Zionist-produced "credit crisis" are Jewish Zionists who have been indoctrinated in such "Jewish traditions."  The Zionist criminals involved in 9-11 and the cover-up of the truth are all tied to the Jewish Theological Seminary in New York, which is a similar Zionist institution.
 
Like the Israel Discount Bank, which has a branch in New York, Yeshiva University has a branch in Israel, as does the American Jewish Congress.  Madoff has been the main treasurer of both Zionist institutions during the period he ran his giant "Ponzi" scheme.  If Madoff has lost billions of dollars, as is alleged, these institutions should certainly be investigated as possible recipients of stolen money.  Israel Discount Bank should be thoroughly investigated for its role in money laundering and criminal operations, like 9-11.

The Zionist criminal structure relies on its tax-exempt "religious" network of schools and charities.  These institutions are the frame of the Zionist criminal and racist network and should be investigated and closed if they are found to be teaching racist ideologies.  Jewish racism is no different than any other racism and should not be tolerated in a free and democratic society like America.