CNBC’s David Faber created this handy chart:
- Fund of Funds
- European banks
- Tremont Advisers
- “market confidence”
- JEWS
Were you one of the chosen people hurt by scam? Show us on the doll where Madoff touched you.
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- Use the Bloomberg command
NH BLG_DEALBREAKER <GO>
to access Dealbreaker
Get me a drink…I’m Firsty!
What’s a JEW? Is it a new fund?
So? What about the $300 billion fraud perpetraded by Citigroup against the US taxpayer? No one mentions a word about that or AIG. Madoff will get time, but he is only a spoke in the wheel.
Luckily the Mets signed K Rod last week. Fred Wilpon was a big investor over there. Heard it is around $900million
tremont!!!
i fucking love that shit
i’ve been in dopey hedge fund biz for over a decade and dipshit firms like tremont with a bunch of CFA geeks and ivy league chics with big tits peddling their super secret way of putting sharpe ratios on glossy paper is what killed the biz in the first place
couldn’t happen to a more tuna smelling group of douches
yet another jew on wall street gone bad…
I think we need a contest for best stick-figure drawing of Madoff and his house of cards. Bonus points to artists who can depict one of Madoff’s sons driving a steak knife into his nether regions.
Great article on Madoff in Barron’s 2001 floating around
Chuck Schumer was definitely an investor over there, and Madoff definitely raised a lot of money for him. Can’t wait to hear what Sir Charles has to say
@8 Link?
Seaman:
“couldn’t happen to a more tuna smelling group of douches”
I’m not 100% sure what that means, but it’s funny.
I nominate Bernie for Shlemiel of the Century. Let’s just hope he’s not being a bigger shmuck by exaggerating his fraud.
@11
you obviously don’t chow box
FOHF’s FIX and UBP are Fuked….
don’t forget the banks that levered that shit… this isn’t good for anyone, we’re all fooked
FOHF’s FIX and UBP are Fuked….
Are Jews good in bed?
@15
that’s exactly – bunch of dopey structured products built on getting 3X on a “sure thing” never been down product
this bitch was bilked too
http://ftalphaville.ft.com/blog/2008/12/12/50389/this-guy-has-managed-to-produce-1-12-per-month-year-after-year-after-year/
Madoff’s fraud is so simple. If the investors had not asked for the return of their money this fraud could have gone on forever.
Judging from the picture, Madoff doesn’t look like a crook. That makes it even worse.
how much of NYC’s “Old Money” was with this guy??
this is too crazy. waaay too crazy.
@19
she’s getting what she deserved, trust me on that one…ms h. has definitely hustled some dough over the years
@5 —> you could not have said it better…all alphabet soup guys/girls have killed what really started this business to begin with.
this bitch was bilked too
http://ftalphaville.ft.com/blog/2008/12/12/50389/this-guy-has-managed-to-produce-1-12-per-month-year-after-year-after-year/
On the plus side, if the WSJ article can be believed, sounds like I can load up on Boca timeshares at even steeper discounts!
So what’s the correct word for this situation? Putz or Schmuck?
@21- not much old WASP money, buts LOTS of private Jewish money was with Madoff
LOL Jews!
Looks like a lot of Jews might be converting to Muslim soon….in prison
No worthwhile FoF would have given this guy $$
@14
Only those fohf that don’t understand what due diligence is.
@20 – what I don’t understand (as someone who works at a hedge fund and is also an investor), how did he make it through an audit every year? Every investor gets audited financials, and sure, auditors have been duped by fraud before and will again, but this guy had to jump through hoops to make sure the auditors didn’t catch on.
@31 – I recall reading that he had a small (read:shady) accounting firm auditing the numbers. Wasn’t PwC or KPMG or the like.
@29
worthwhile FoF?
Madoff’s auditor, Friehling & Horowitz, operated from a 13-by-18-foot office in Rockland County, New York.
nuff said
Palm Beach…Ceo’s. Im hearing they lost it all. Used the account like a bank account. Drew off it and lived out of it. All gone. This makes Milken, Boesky and Levine look like the three stooges. Investors I knew talked about Madoff being a genius, 10 years ago. Looks like he was a genius of creating false statments, fictitious trades and not having enough money to perpetrate the scheme when the music stopped. This guy killed more Jews then Hitler. Wait till you read the formal complaint from the SEC and FBI.
The sick thing about this guy is that he was hanging out with the people that he was screwing. A sick man.
Good point…make up the auditors. I should’ve thought of that.
Anyone hear of Lior Bregman?
Naughty Beth, jew baiting again…
line-up of FOHF victims so far; Tremont, Fix, Bramdean, Pioneer, Fairfield, Kingate, UBP, LODH, NPB, Sterling Equities.
Now that the JEW has been thrown down the well, is our country free?
LETS THROW A BIG PARTY!!!
not the op, but I believe this is the article he is talking about, you need to sign in
http://online.barrons.com/article/SB989019667829349012.html
jew….ha
you can add Meridian and EIM to list of FOHF patsies….also a number of French banks invested prop capital with Madoff. As stated earlier, there is going to be unbelievable angst in certain Jewish communities, Madoff was their magic man for decades, many many charities and families will be crushed. Very tragic. Neither hedge funds nor Jews need this black eye right now.
OK so; Tremont, Fix, Bramdean, Pioneer, Fairfield, Kingate, UBP, LODH, NPB, Sterling Equities, Access, Arlington, EIM, Meridian
There are alot of structured notes out there with wire houses/bank holding companies providing the leverage. Another Great Moderation trade gone bad.
Muslims dont like Interest
but Ivy Leaugue Chicks with big Tits
Thats good
Bramdean described one of their exspoures to Madoff thus; This Fund was established in May 2007 and the manager,
Reliance Management BVI Ltd., currently employs, via
its subsidiaries and affiliates, 17 employees with two key
principals: Linda Wayman and David Whitehead.
The majority of the Fund’s assets are traded by Bernard L.
Madoff Securities LLC, based on a trading authorisation
agreement with the Fund. Madoff Securities is a leading
international market-maker in all of the S&P 500 stocks. Madoff
Securities is also a leader in the U.S. ‘third market’ which trades
U.S. listed equities away from the exchange floor.
Based on the trading authorisation with the Fund, Madoff
Securities implements a strategy that consists of a long
position in a basket of S&P 100 shares and an index option
strategy against these shares (bull spread). Madoff Securities
will only enter into this trade if it believes that it can profit.
Otherwise, the money is invested in U.S. Treasury-bills.
The Company invests in this low-risk, high-liquidity fund as a
vehicle to provide short-term liquidity to fund private equity
capital calls. The Fund is continuing to contribute steady
monthly returns for the portfolio as intended.
Who are the auditors????????????????
read any one of the many articles on this newsevent and you will find out who the entity that claimed to be auditors are/were.
@35: This guy killed more Jews then Hitler.
In Chicago that wasn’t a guy — it was always reported to be cannonballing your position in back-month futures spreads.
Quite the chart:
Fairfield Sentry – Madoff
eDp
http://www.npb-bank.ch/images/content/f326f78.de/SentryEnglisch.pdf
re: http://www.npb-bank.ch/images/content/f326f78.de/SentryEnglisch.pdf
Look at the monthly distribution!!!
some people deserved to be hanged quick high and short, Madoff is one of them
glad to see his sons did the honorable thing … now they should change the last names
glad to see his sons did the honorable thing … now they should change their last names
glad to see his sons did the honorable thing … now they should change their last names
@ 51 i thought AEI killed more jews than hitler
To #25: Putz is the new Pitcher for the NY Mets. Schmuck, he’s third base.
Anybody know of Jewish charities victimized by this guy? email me at editor@jewishjournal.com
Anybody know of Jewish charities victimized by this guy? email me at editor@jewishjournal.com
Too bad he didn’t bankrupt some goy vermin.
Maybe next time.
“his sons did the honorable thing…”
while 70 year old daddy takes the bullet don’t be surprised if Madoff fils
retire to their French chateux on lake Geneva.
“his sons did the honorable thing…”
while 70 year old daddy takes the bullet don’t be surprised if Madoff fils
retire to their French chateux on lake Geneva.
this is deflationary. big ben should monetize the losses
Bernie can be reached here:
133 East 64th Street.
I believe it’s apartment 12A.
Citigroup market cap is 41.96B, is Madoff to big to fail? Can he qualify for TARP.
These markets are disorderly. The game and the rules are being changed daily. It’s like figuring out a math problem with new variables being added all the time.
SEC, Cox admits that their are other firms that are not being regulated. Surprise, surprise.
Don’t forget the broader lesson in all of this. A determined, sophisticated fraud can take place anywhere within the money flow chain. For example, if you have a good old equity account, you need brokers to execute trades and a custodian to ‘safeguard’ the assets. All you have to rely on are statements of your supposed account activity. When you read those statements, can you really be 100% sure the assets are actually there? No, you can’t. Or, you have a money market account on which you get regular statements. What if someone stole that money six months ago and is falsifying those statements? All looks kosher, but it ain’t. Truth is, you wouldn’t know or even suspect.
Madoff showed pages and pages of trades to his investors. The administrator, apparently, also saw the treasury and investment positions, all supporting the alleged trading method. In other words, this guy produced compelling documentation to back his supposed strategy. That takes some organisation and a degree of ‘sophistication’ to accomplish. (You also have to be pretty evil.)
When some people talk about due diligence, what exactly do they mean? If a manager produces audited statements, is apparently transparent with the exact nature of his trades (not exactly typical in the hedge fund world, after all) and employs a third-party administrator, what more can anybody do? You can’t actually sit in their office or home each day to see what’s really going on. Even if you did that for a whole year, who’s to say the money isn’t filched away as soon as you step out the door?
I don’t believe Madoff conceived of this massive fraud back in 1991. This undoubtedly started off as a legitimate investment operation. For how long? Who knows. Of course, the likelihood is that trading results tailed off or were poor and his ego couldn’t take it. When might that have happened? Again, who knows.
Finally, on the subject of auditors; don’t kid yourselves. Having a big named firm is no evidence of anything, other than huge fees. Just look at Lancer, Manhattan and others. Anyone with any involvement with auditors knows that their main aim is to preclude themselves from any liability. Hell, you have to sign papers these days specifically absolving them of anything just to engage them. Some protection for investors!
Ho hum, another Crooked Wall Street Jew.
Find a Jew who isn’t Crooked. Now that would be a story.
It’s hard to be sympathetic to some of the so-called victims. The Wilpon’s for example – both Fred and his son Jeff are some of the most arrogant S.O.B.’s in the world of baseball. The story of Jeff punching out a guy waiting in line for the WDC-NYC shuttle (what? a billionaire can’t afford his own charter?) and then siccing a team of lawyers to keep the assault out of court and the papers is a classic example of what sort of scum they are.
Oh, wait – and here’s another victim.. a charity called the The Robert I. Lappin Charitable Foundation which closed. Their mission “… is helping to keep our children Jewish, thus reversing the trend of assimilation and intermarriage.” The last time I heard something like that was my grandfather who warned me if I married that Japanese girl I was dating, our kids would come out as undesirable half-breeds – and that of course, he’d strike me out of his will. I think the word used to describe dear old granddad was “racist”…
Bernie will be getting some halal “beef” in the joint – right where he gave it to his family and friends.
Race, religion, party… None of that bullshit matters to me. People are people in my book. BUT – IT MATTERS TO THEM. From early childhood they are taught to look at the world in terms of “Jew” or “Other”. Thus, there will never be peace in Palestine, or anyplace to which they lay claim. In my experience, the worse thing you can assert to a hardnose JEW is that “everyone is equal”.
Question of the day. Was Erin Callan involved in any of this????? It is bad enough she has been named as the top defendant in a civil lawsuit involving Lehman Brothers. She may be panhandling on Madison Avenue after she declares bankruptcy after this is all said and done.
… did someone say “Jewhad”?
Oh yeah, and the sons knew everything – the old man knows he’s done so why not jump on the sword? WAAAAAAAAAAAAAAAAAYYYYYYYY to much money still unaccounted for = billions in offshore accounts I assure you.
#73: Sad to say that you’re spot-on.
Here’s link to the Barron’s story from 2001:
http://aaronandmoses.blogspot.com/2008/12/original-dont-ask-dont-tell-madoff.html
Besides the unknown accounting firm, looks like people should have smelled something was amiss when they discovered he didn’t charge any management fees.
#63 “goy vermin”?
It’s been my experience that Jew men aren’t men enough to come right out and say things like that. You must be female.
#70 and #73 are absolutely correct, and I’ve got the scars to prove it.
This guy should not be sent to a camp or federal medical facility. He should do his time in a peniteniary.
Bernie Madoff has wiped out more Jews than the Holocaust!
The latest rumor is that Madoff was a secret Muslim trying to destroy America and Jews at the same time.
He is so good at fraud, we haven’t even seen it all.
Barack Madoff?!
Rule # 1…..Never leave your money unprotected over night with a jew !!!!!
They just can’t help themselves
the jews are killers…this one turned on his own…let them eat cake…..
And this is what we call the American Dream !!!!!
And this is what we call the American Dream !!!!!
And this is what we call the American Dream !!!!!
And this is what we call the American Dream !!!!!
Comment removed by moderator.
If there’s anything to learn from this incident, it would be: WASP > JEW
This is simply the biggest jew to get caught swindling money. What about the thousands of other jews who do the same every day? What about the entire state of Israel that lies to, cheats and steals from the entire world? Madoff is just an example of a larger problem.
George Manuelian
This is simply the biggest jew to get caught swindling money. What about the thousands of other jews who do the same every day? What about the entire state of Israel that lies to, cheats and steals from the entire world? Madoff is just an example of a larger problem.
George Manuelian
This is simply the biggest jew to get caught swindling money. What about the thousands of other jews who do the same every day? What about the entire state of Israel that lies to, cheats and steals from the entire world? Madoff is just an example of a larger problem.
G. Manuelian
Yes Madoff is a crumb of crumbs, but his rthnicity should not be a measure of who he is. Many of the comments were very racist and the people that made them are as much at fault as Madoff. There rhetoric causes hatred and violence. Maydoff should not have been given any bail, and should be in jail. Why the judge just gave him a pat on the wrist makes no sense. Yes he has to wear a monitoring device, but he will wear it in a 7 million dollar condo, with maid service and all. His sentence could be 50 years in a Federal Prison. Its obvious that his past status allowed this very light bail sentence. 10 million sounds like a lot of money, but not when you have real estate collateral of voer 30 million. The bail should have been set at over 100 million. He has hurt so many people and many good friends. He was smiling when the reporters got to him as he was entering his condo. He didn’t car at all about the people he hurt. As far as we know, this whole thing could have been Orchestrated prior to his confession. Money secreted away in off shore banks under assumed names. I cannot believe for one second that his sons, brother and wife and niece are not involved. Its so obvious it is a family Conspiracy. His sons wife and niece will enjoy much prosperity, and he will probably get out of jail at some pardon hearing with a minimum of time served. Maybe he get what he deserves from other inmates where he will be incarcerated.
he should meet the tossed salad man
“Many of the comments were very racist and the people that made them are as much at fault as Madoff.”
um, huh? what kind of warped logic is that? is that jewish reasoning?
so Recognizing the madoff scandal clearly orchestrated mainly by jews puts you in the same box with Madoff?
notice the jewsmedia is focusing on Madoff but not Robert Rubin (jew) who pulled an even worse($122 billion) ponzi scheme on america, but because robert rubin is tied to Obama his crime is buried by the jewsmedia.
this country is on its deathbed economically, the big 3 are in trouble, bankruptcy is coming in february and the only thing the jewsnetworks are doing is completely covering up and misleading the public on the outright looting and theviery by jewish wallstreeters of this country.
why is a smiling madoff under “house arrest” in his 7 million apartment, when he should be in a cold vault?
its the jews! despite all the blatant evidence everybody knows this but is afraid to admit it for fear of “antisemitism smearing” by the ziosociety.
do the math! wallstreet, the bureacracy and the networks are all in their pocket and the jews are laughing at us “goyim” while robbing us. look at maddoff smiling in the street at the cameras. they are devoid of conscience and are weakening the moral cultural and economic fabric of this nation.its planned, and obama is not gonna bring change because hes owned by the jews. get the zionists out of america!
@95
Zion? Jew? What’s next? Neo?
Maybe the Jews will have to go onto the website recently created by another nasty called http://www.nyjewishjobboard.com.
Jews are mostly religious extremists who prefer only to deal with other Jews and not the dreaded non-Jews. They’re only 2% of our population. I like to see the Jews eat their own….
I though Jews only worked hard to rip off those who were not Jewish but “took care of their own”. Why do jews think they are “the chosen ones?”
Hopefully Obama will cut off all the billions in taxpayer money that we give to Israel each year….how much $$ do we give to Italy, Ireland or Germany each year?
I hope Madoff and the dozens of other jews that were involved get hung out to dry. There will many, many more jews involved and the truth must come out. Never again! LOL.
Jews are responsible for all the pain and suffering in the world my solution would not be to exterminate them but to tsend them back to their own countries may it be israel russia germany italy poland wherever they are responsible for every war in the world .lets just keep calling the mafia the crooks and label italians as either restuarant owners or gangsters while the real criminals rape this country every single solitary day.no i would not kill 6 million kykes but i sure as hell would not lift a finger to save them.low ife messiah murdering sons of bitches will all meet their true maker the one they were truly chosen by lucifer on their way to hellllllllll.
whats next? make a joe out of it with your liberal hippy bullshit. take the movie industry superman,neo and all the other hebrew shit and get the hell out and go back to israel where you belong you jesus murdering sobs. they managed to try to put the blame on the italians for that one when all it was was a bunch of stuck up jewish high council men that jesus told them to go to hell that got frustrated and manipulated pilot into murder through their threats lets change new jerusalem back to america and get rid of satans chosen people once and for all
Please add to the list of Jewish organizations bankrupted by Madoff below:
http://en.metapedia.org/wiki/List_of_Jewish_Organizations_bankrupted_by_Bernard_Madoff
Wake up Jew-haters, do not fall into the trap that the rich mostly non-Jews want you to fall into. It is the RICH that screw us: Jew, Christian, Muslem and Atheist. If Jews are only 2% of the world than how can they be running this huge conspiracy? Is Buffet, Gates, Clinton, or Trump Jewish? There are thousands of other Billionaires that are not Jewish either. Although probably loathe Jews as much as you antiSemites, they will profit from the crooked ones without missing a beat.
Time to make the Kennedys, Gores, Kerrys, and yes now Obamas do something for the people and not just their cronies. The top 500 people in this country hold 90% of the capital, the other 500 million share the 10%. That is sad and believe me plenty of those 500 are gentiles, not Jews. Wake up and direct your anger at the politicians who allow this to continue.
Wake up Jew-haters, do not fall into the trap that the rich mostly non-Jews want you to fall into. It is the RICH that screw us: Jew, Christian, Muslem and Atheist. If Jews are only 2% of the world than how can they be running this huge conspiracy? Is Buffet, Gates, Clinton, or Trump Jewish? There are thousands of other Billionaires that are not Jewish either. Although probably loathe Jews as much as you antiSemites, they will profit from the crooked ones without missing a beat.
Time to make the Kennedys, Gores, Kerrys, and yes now Obamas do something for the people and not just their cronies. The top 500 people in this country hold 90% of the capital, the other 500 million share the 10%. That is sad and believe me plenty of those 500 are gentiles, not Jews. Wake up and direct your anger at the politicians who allow this to continue.
The Rabbis of the Talmud declare: “If one is honest in business, and earns the esteem of others, it is as if one has fulfilled the whole Torah (Mechilta, Vayassa).“ Religion may begin at home, but it should never end there. If it does not move us to decency and goodness, it matters not at all what pieties we profess.
Some people call Madoff a thief but don”t forget tens of millions
went back to Jewish organizations.
This deal was coming down and his sons won”t be implicated due to their timely accusation either.
In the end it”s only money, millions lost by people who already have millions to loose.
There are Jews who might blindly support Jewish investors as much as there are Jewish groups who blindly support the continuous land grab, oppression and preventing access to food and sustinance to Palestinians. See if you can go a day less food, water and heat. Loss of money is NOTHING, loss of humanity is a global disgrace.
Yes, Madoff exploited the jews but, remember, the jews exploit everyone. The jewish “charities” Madoff stole from only serviced other jews and most of them do nothing to benefit the gentile world. They never help anyone but their own, although the sometimes profess to.
G. Manuelian
Actually, Jewish philanthropy targets a 50-50 split between Jewish and non-Jewish causes.
To the anti-Semites on the board, I don’t think the Jews of the planet are what are wrong is wrong with your lives. I think your neurons’ being connected by spirochetes are what may account for your rabid anti-Jewish rantings/postings and paranoia.
As for me, I’m a WASP with a lot of close Jewish (and non-Jewish) friends, and the Jewish people I know rank among some of the most generous, bright, trustworthy people I have ever encountered.
There are bad apples in any bunch but to blog, stupidly (and, likely, jealously) that such things happen because one is a Jew just shows the ceiling on your IQs and that you have ignoramus on the DNA.
Mostly, this scandal is about one sociopath’s insider knowledge that Wall Street, the SEC, our government invokes very little oversight, if any.
I feel really sorry for the investors and philanthropic organizations who were victimized by this miserable man. There are many innocent victims in this debacle–Jew and Gentile.
Actually, Jewish philanthropy targets a 50-50 split between Jewish and non-Jewish causes.
To the anti-Semites on the board, I don’t think the Jews of the planet are what are wrong is wrong with your lives. I think your neurons’ being connected by spirochetes are what may account for your rabid anti-Jewish rantings/postings and paranoia.
As for me, I’m a WASP with a lot of close Jewish (and non-Jewish) friends, and the Jewish people I know rank among some of the most generous, bright, trustworthy people I have ever encountered.
There are bad apples in any bunch but to blog, stupidly (and, likely, jealously) that such things happen because one is a Jew just shows the ceiling on your IQs and that you have ignoramus on the DNA.
Mostly, this scandal is about one sociopath’s insider knowledge that Wall Street, the SEC, our government invokes very little oversight, if any.
I feel really sorry for the investors and philanthropic organizations who were victimized by this miserable man. There are many innocent victims in this debacle–Jew and Gentile.
Actually, Jewish philanthropy targets a 50-50 split between Jewish and non-Jewish causes.
To the anti-Semites on the board, I don’t think the Jews of the planet are what are wrong is wrong with your lives. I think your neurons’ being connected by spirochetes are what may account for your rabid anti-Jewish rantings/postings and paranoia.
As for me, I’m a WASP with a lot of close Jewish (and non-Jewish) friends, and the Jewish people I know rank among some of the most generous, bright, trustworthy people I have ever encountered.
There are bad apples in any bunch but to blog, stupidly (and, likely, jealously) that such things happen because one is a Jew just shows the ceiling on your IQs and that you have ignoramus on the DNA.
Mostly, this scandal is about one sociopath’s insider knowledge that Wall Street, the SEC, our government invokes very little oversight, if any.
I feel really sorry for the investors and philanthropic organizations who were victimized by this miserable man. There are many innocent victims in this debacle–Jew and Gentile.
Actually, Jewish philanthropy targets a 50-50 split between Jewish and non-Jewish causes.
To the anti-Semites on the board, I don’t think the Jews of the planet are what are wrong is wrong with your lives. I think your neurons’ being connected by spirochetes are what may account for your rabid anti-Jewish rantings/postings and paranoia.
As for me, I’m a WASP with a lot of close Jewish (and non-Jewish) friends, and the Jewish people I know rank among some of the most generous, bright, trustworthy people I have ever encountered.
There are bad apples in any bunch but to blog, stupidly (and, likely, jealously) that such things happen because one is a Jew just shows the ceiling on your IQs and that you have ignoramus on the DNA.
Mostly, this scandal is about one sociopath’s insider knowledge that Wall Street, the SEC, our government invokes very little oversight, if any.
I feel really sorry for the investors and philanthropic organizations who were victimized by this miserable man. There are many innocent victims in this debacle–Jew and Gentile.
Actually, Jewish philanthropy targets a 50-50 split between Jewish and non-Jewish causes.
To the anti-Semites on the board, I don’t think the Jews of the planet are what are wrong is wrong with your lives. I think your neurons’ being connected by spirochetes are what may account for your rabid anti-Jewish rantings/postings and paranoia.
As for me, I’m a WASP with a lot of close Jewish (and non-Jewish) friends, and the Jewish people I know rank among some of the most generous, bright, trustworthy people I have ever encountered.
There are bad apples in any bunch but to blog, stupidly (and, likely, jealously) that such things happen because one is a Jew just shows the ceiling on your IQs and that you have ignoramus on the DNA.
Mostly, this scandal is about one sociopath’s insider knowledge that Wall Street, the SEC, our government invokes very little oversight, if any.
I feel really sorry for the investors and philanthropic organizations who were victimized by this miserable man. There are many innocent victims in this debacle–Jew and Gentile.
Actually, Jewish philanthropy targets a 50-50 split between Jewish and non-Jewish causes.
To the anti-Semites on the board, I don’t think the Jews of the planet are what are wrong is wrong with your lives. I think your neurons’ being connected by spirochetes are what may account for your rabid anti-Jewish rantings/postings and paranoia.
As for me, I’m a WASP with a lot of close Jewish (and non-Jewish) friends, and the Jewish people I know rank among some of the most generous, bright, trustworthy people I have ever encountered.
There are bad apples in any bunch but to blog, stupidly (and, likely, jealously) that such things happen because one is a Jew just shows the ceiling on your IQs and that you have ignoramus on the DNA.
Mostly, this scandal is about one sociopath’s insider knowledge that Wall Street, the SEC, our government invokes very little oversight, if any.
I feel really sorry for the investors and philanthropic organizations who were victimized by this miserable man. There are many innocent victims in this debacle–Jew and Gentile.
Madoff probably started legit and then engaged in (initially minor) fraud to keep up an aura of consistency.
Once he became enamoured of his “reputation” however – there was no easy way to unwind (he could have reported sub-optimal gains during the bull market in order to “get right” with his accounts – but probably feared that consistent underperformance would have triggered redemptions before he could “uncook” the books).
My guess is that he eventually reconciled to the fraud. Figured he’d die within the next few years – leave the horror to be discovered by survivors. The financial meltdown (and unexpected redemptions) occured too soon for his plans.
Wouldn’t be surprised if he commits suicide.
113 Interesting theory, but a healthy 70 year old has a life expectancy of around 15 years.
One should hope he commits suicide. If not, all he’ll probably receive is a slap on the wrist. Don’t be surprised if the taxpayers — largely non-jews — bail out the jewish organizations and investors Madoff cheated.
As for the financial meltdown, yes this probably helped to reveal Madoff’s scheme. And the financial meltdown is again a product of the jews on wall street. Their predatory lending practice — an extension of their LONG tradition of usury — created this mess. Their lies and swindling blew up in their faces and now WE non-jews must rescue them so they can start the process anew.
G. Manuelian
Nothing is as it appears. Far be it for us to judge another when we are far from perfect ourselves. We all have “stuff.” That is why we are all here…
May we take this event as an opportunity for deep introspection on how WE can be a better person – the best we can be, by opening our hearts, listening with our hearts, talking and taking action from our hearts and caring about our fellow man and our planet. Energy flows where our focus goes. We manifest what we think. We all have the power to contribute to the creation of a better society, a better life, a better world. Evil, anger, hate,judgement … cannot exist in the same moment in the same space where there is love…
Who can you touch today to make a positive difference in someones life? What can you do right now to make a positive difference in the world? How true the saying is: “Reach out and touch someone …”
Love heals… B
There is no punishment great enough to make this right. Death is not enough. I sincerely hope he is treated for the rest of his life to “prison hospitality”.
Now it’s clear!!
The shuffling of inflated paper builds nothing. This has become a rentier society, the rich put their money in assets that produce nothing, they try to avoid taxes just to accumulate more and contributing almost nothing.
I think they deserve to lose and rethink their strategies.
Instead of being this greedy, use your money to build a fair economy not a feudal system. Put your money in real businesses, new ideas.
Like somebody said, you can’t take it with you, but at least now do something to contribute. Read history, one king said: apres moi le deluge, and guess what the next king of that dinasty had his had cut off.
Humans are predatory primates.
Bernie Madoff is just another example of a human feeding on other humans.
There will never be “peace” on earth amoung all peoples until we either evolve or become obsolete; the universe has no problem with either.
Regarding name calling and labels, the main theme of the Abrahamic faiths, IMHumanO, is to acquire territory and breeding stock.
Other than execution I have a fantasy Madoff should be incarcerated in a FEMA trailer in Iowa and forced to clean pig pens.
This piece of garbage deserves to rot in prison, but I’m sure the people who he raped feel he deserves far worse. He definitely doesn’t represent the vast majority of Jews, yet I’ve seen people use his despicable acts as justification for going after ALL Jews. Please understand that the unforgivable acts of a lowlife scumbag like Madoff in no way speaks for the millions of decent, hardworking and honorable Jews (and non-Jews) throughout the world. As a Jew myself, I see Madoff as a disgusting excuse for a human being. I’m outraged that he’s under house arrest rather than fighting off boyfriends in prison where he belongs. Our system of justice needs an overhaul, but please don’t use Madoff’s pathetic excuse for a life act as justification for anti-Semitism…
…you’re better than that.
Wow. Did I accidentally log onto a Neo Nazi site? I thought this was about finance. I’ve never heard such appalling anti-Semitism.
Comment removed by moderator.
@122. Please go live in Iran and shut the fuck up.
I am a gentile and most of the Jews that I come accross are decent people. Some of the most generous and giving people I know are Jews.
We need to put things in perspective and not let a few bad Jews ruin the reputation of an entire group.
Unfortunately, crooks like Madoff, Milken, and Boesky have cheated many non-Jews and perpetuates the negative Jewish stereotypes. I for one, would like to see some prominent Jewish leaders; such as, Rabbis, Joseph Lieberman, etc, step up and denounce some of these schemes carried out by one of their own.
The Holy Bible says, “..The love of money is the root of all evil.” I say Amen to that.
@124 too holy, didn’t obey.
Sure, go ahead and cry to admins and have my posts deleted, but the truth still remains. Those jews lied to make money and they all have a deep pattern of doing so. There is a lot of evidence that says their claims in WW2 didn’t happen. Look at facts and the history of international jewry’s actions.
G Manuelian
CA
it’s absurd to call people, who are fed up with the antics and underhanded dealings of jews, “anti-semetic”. Jews, by definition, are bigots. Read the Torah! Anyone who is not a jew, is, to them, a stupid cow, and deserved of being decieved. So don’t be surprised to hear that non-jews are amused when a jew screws on of his own (or a whole bunch).
Look what the jews are doing in gaza right now. 30 schoolchildren dead from their american supplied bombs. They claim these kids were somehow being used by Hamas, but how can we believe them. They have a thousand year history of lying and cheating the world.
G Manuelian
CA
Why Why Why !!!!!
Why Why Why !!!!!
Why is it that religion only becomes a factor when the perpetrator is Jewish? If Madoff were a Catholic would there be such a backlash of anti-Catholic rhetoric on this blog? Madoff is a crook who happens to be Jewish. He does not represent Judaism, Jewish values, American Jews or the State of Israel. Many of the outrageous comments allowed on this blog are from those who do not understand the benevolent values and philanthropy practiced by most American Jews. They should not judge a people by one man’s actions.
131 Good points. Consider though that Madoff appears to have promoted his scheme on the basis of being Jewish. Focused on friends, Jewish charities, contacts through Jewish clubs. Promoted the idea of trusting a fellow Jew. The fact that he exploited his Jewishness means that you can’t ignore his religion when discussing the crime.
The blog moderators should allow comments based only on the topic and not allow people to vent their anti-Israel agendas or anti-Semitic rants.
Judaism does not espouse cheating in business in fact there are laws in the Talmud that stress ethical business practice.
134 Precisely. Unfortunately, it appears that Madoff exploited that by suggesting in a subtle way that “you cant go wrong investing with a fellow Jew.” Hence the conclusion that in this case at least the religion of the scammer is a big issue.
Dear poster #127, The Bible was written several thousand years ago to have to do with the society of that time. They were talking about idol worshippers and those who sacrifice their children to appease their gods. It is insane to think that words written then about Biblical society apply today. I think it is interesting that you skip over Abraham welcoming the strangers, trying to save the people of Sodom, Joseph saving the Egyptians from starvation, Ruth who found the Jews so benevolent she converted, and more. Jews believe that you should love another as you would love yourself. Jews believe that everyone is created equally in God’s image. Jews have contributed to the betterment of society in spite of the small percentage they are in the world population. Occasionally there is a bad egg but weighed against Jewish contributions to medical science, literature, music, the arts, and technology it is an unfortunate and tragic event.
Has the topic on this site changed? Why isn’t anyone monitoring the plethora of misinformation and hate messages?
the madoff fraud is unbelievable but i found a site with lots of relevant information about the victims and the impact of the fraud on wall street fund biz go here to see it very informative
http://madofffraud.boomja.com/
If you are a former investor with Bernard Madoff, please contact us. We have formed a pro-active group of those victimized by this fraud and are moving forward toward recovery and restitution.
Please contact us at madoffvictim@usa.com to join in sharing information and support with other defrauded investors.
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madoffvictim@usa.com
**********************
http://www.buffalonews.com/180/story/579229.html
So are the jews now going to call this victim’s son an “anti-semite” for expressing his anger? Multiply this man’s suffering by hundreds of millions and you’ll get a sense of jewish contributions to the world.
G Manuelian
CA
Can someone tell me what happened to Lior Bregman and why is his name written in this blog? I have been trying to find out about his death, but cant find any information about it. Any info would be greatly appreciated!!
DOES ANYONE KNOW: A co-worker of mine is claiming that he watched a televised news story (20-20?) in which it was stated that Madoff only allowed Jewish investors… that if you were not Jewish, Madoff made it almost impossible for you to get connected with him. — I have been reading stories all over the internet, trying to find out if my co-worker’s statements are actually true. I have seen articles that list non-Jewish victims of Madoff, so… What is the true story here? I would like to learn whether my co-worker’s statements are true or not. Did Madoff actually make it difficult or impossible for non-Jews to invest with him? Or is my co-worker exaggerating the “Jewish” aspects of this story? ((PS… No hateful anti-semitic posts please; just honest answers if you have any. Thank you!))
@142- your co-worker is an idiot.
The anti semites here are probably also sexually insecure and are disturbed by the size of Milton Berle, Herman Tarnower, and other Jews. Insecurity and ignorance are the trademarks of anti Semites.
Man….there are a lot of Jew haters out there! Hmmmm….wonder why?? I have a huge problem with Jews, myself, as I have always been screwed over by them, time and time again. I have tried to be forgiving of them, but they continue to abuse me and anyone they possibly can. I don’t think they can help it. Greed and $$ is what they are raised to value from infancy. Maybe this…along with the recent excessive use of power Isreal used aginst the Palestinians in Gaza will help this country to wake up and STOP supporting the Jews and Isreal. They are all greedy bastards. Dripping in gold and diamonds. It’s disgusting!!!… not to mention tacky. Ans the Palestinians starve. Look at comment #105. My God– Wake up America!!!
Man….there are a lot of Jew haters out there! Hmmmm….wonder why?? I have a huge problem with Jews, myself, as I have always been screwed over by them, time and time again. I have tried to be forgiving of them, but they continue to abuse me and anyone they possibly can. I don’t think they can help it. Greed and $$ is what they are raised to value from infancy. Maybe this…along with the recent excessive use of power Isreal used aginst the Palestinians in Gaza will help this country to wake up and STOP supporting the Jews and Isreal. They are all greedy bastards. Dripping in gold and diamonds. It’s disgusting!!!… not to mention tacky. Ans the Palestinians starve. Look at comment #105. My God– Wake up America!!!
Man….there are a lot of Jew haters out there! Hmmmm….wonder why?? I have a huge problem with Jews, myself, as I have always been screwed over by them, time and time again. I have tried to be forgiving of them, but they continue to abuse me and anyone they possibly can. I don’t think they can help it. Greed and $$ is what they are raised to value from infancy. Maybe this…along with the recent excessive use of power Isreal used aginst the Palestinians in Gaza will help this country to wake up and STOP supporting the Jews and Isreal. They are all greedy bastards. Dripping in gold and diamonds. It’s disgusting!!!… not to mention tacky. Ans the Palestinians starve. Look at comment #105. My God– Wake up America!!!
Post #56-58:
“glad to see his sons did the honorable thing … now they should change the last names”
Excuse me? Bernie Madoff’s wife made a withdrawal of millions of dollars a few weeks before her husband’s arrest. He probably told his kids to “turn him in” so they could get immunity. Some honor!
Hey Jew or NonJew people are people and we SHOULD all try to get along. That said go after Madoofs wife the bitch is stealing his investers blind.
Hey Jew or NonJew people are people and we SHOULD all try to get along. That said go after Madoofs wife the bitch is stealing his investers blind.
XHu7Vz A round of applause for your article.Thanks Again. Awesome.