Wiesel Foundation loses nearly everything in Madoff scheme

Started by mastermg, December 24, 2008, 05:15:54 PM

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mastermg

December 24, 2008, 05:15:54 PM
Haha in your face bitches :lol:  Scammed by Jews for Jews.

Wiesel Foundation loses nearly everything in Madoff scheme


WASHINGTON (AFP) – The Elie Wiesel Foundation for Humanity lost more than 15 million dollars -- nearly all of its assets -- in the alleged fraud scheme run by Wall Street baron Bernard Madoff, the fund said Wednesday.

"We are writing to inform you that the Elie Wiesel Foundation for Humanity had 15.2 million dollars under management with Bernard Madoff Investment Securities," said the foundation, which aims to combat anti-Semitism, on its website.

"This represented substantially all of the Foundation's assets," it said.

"We are deeply saddened and distressed that we, along with many others, have been the victims of what may be one of the largest investment frauds in history."

The statement added that the foundation "remains committed to carrying on the lifelong work of our founder, Elie Wiesel. We shall not be deterred from our mission to combat indifference, intolerance, and injustice around the world."

Wiesel, 80, a Nobel laureate and prolific author who survived the Holocaust, created the foundation some 20 years ago to foster international dialogue and youth programs to teach tolerance.

He is among dozens of wealthy Jews to have lost substantial amounts of money in Madoff's scheme.

Prosecutors say Madoff confessed to losing upwards of 50 billion dollars over years of running a pyramid scheme, where new investors were secretly fleeced to pay returns to earlier investors.

The 70-year-old former chairman of the Nasdaq stock market and a mainstay of the powerful American Jewish community is currently free on bail of 10 million dollars as police continue their probe.

http://news.yahoo.com/s/afp/20081224/ts ... 1224163605

MikeWB

#1
December 24, 2008, 06:13:09 PM
Amazing that they're not blaming nazis and anti-semites for this!
1) No link? Select some text from the story, right click and search for it.
2) Link to TiU threads. Bring traffic here.

joeblow

#2
December 24, 2008, 06:25:44 PM
According to Bob Chapman of The International Forecaster, the "Big Jews"'s money is in Israeli bank accounts, he said it the last time he was on AJ. Later, all the other radio hosts have parroted this, though I actually think DBS said it first.

MikeWB

#3
December 24, 2008, 06:34:38 PM
1) No link? Select some text from the story, right click and search for it.
2) Link to TiU threads. Bring traffic here.

sullivan

#4
December 24, 2008, 07:53:14 PM
Bailout!  Now! ;)
"The real menace of our Republic is the invisible government which like a giant octopus sprawls its slimy legs over our cities, states and nation. At the head is a small group of banking houses generally referred to as \'international bankers.\' This little coterie... run our government for their own selfish ends. It operates under cover of a self-created screen, seizes our executive officers, legislative bodies, schools, courts, newspapers and every agency created for the public protection."
John F. Hylan (1868-1936) - Former Mayor of New York City

CrackSmokeRepublican

#5
December 24, 2008, 09:24:01 PM
They better not try and have the US People bail them out either like American Express recently...
After the Revolution of 1905, the Czar had prudently prepared for further outbreaks by transferring some $400 million in cash to the New York banks, Chase, National City, Guaranty Trust, J.P.Morgan Co., and Hanover Trust. In 1914, these same banks bought the controlling number of shares in the newly organized Federal Reserve Bank of New York, paying for the stock with the Czar\'s sequestered funds. In November 1917,  Red Guards drove a truck to the Imperial Bank and removed the Romanoff gold and jewels. The gold was later shipped directly to Kuhn, Loeb Co. in New York.-- Curse of Canaan
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