Who is Bernard Madoff, the man behind the $50 billion fraud?
http://www.bollyn.info/home/articles/911/another-massive-zionist-fraud-surfaces/
Written by Christopher Bollyn
Friday, 12 December 2008
By Christopher Bollyn
FRAUDSTER'S PARTNER IS LONG-TIME DIRECTOR OF ISRAEL'S NOTORIOUS
MONEY-LAUNDERING BANK IN NEW YORK - SO, WHERE DID THE MONEY GO?
Zionist treasurer faces home detention (he has a curfew between 7 p.m. and 9
a.m.), miniscule fine, and jail after stealing $50 billion. Why is Madoff not
treated like a criminal, water-boarded in Gitmo, and interrogated? Why the
special treatment? He should hire his own security? What kind of joke is
this? The judge who has been so lenient with Madoff is Gabriel W. Gorenstein.
"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 the notorious Israel Discount Bank of New York, a
bank charged for laundering tens of billions of dollars in 2005. So where did
the $50 billion go?
(This article has been read by more than 16,000 people; Dec. 24, 2008)
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 -- the owners of these institutions
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. (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.)
On January 31, 2006, a controlling interest in the Bank was acquired by an
investor group led by Matthew Bronfman and Rubin Schron. The deal gave
Bronfman ownership of IDB's wholly owned subsidiary, the Israel Discount Bank
of New York. 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 (IDBNY) --
but that was just the tip of the iceberg.
ISRAELI BANK LAUNDERED TENS OF BILLIONS
The Jerusalem Post reported on November 2, 2006, that the scale of
money-laundering going on at the Israeli bank was much, much larger than the
Brazil case reported in the New York Times. The Post reported that U.S.
regulators fined the Israel Discount Bank of New York $12 million for violating
federal and state laws designed to thwart money laundering. The Israeli bank
now controlled by the Bronfmans had failed to set up an adequate program to
identify and report money laundering, according to federal and state
regulators. A "substantial" part of $35.4 billion in third-party wire transfers
during the year ended March 2005 showed traits common to laundering operations,
the complaint said.
So, how did Madoff lose $50 thousand million? How does $50 billion vanish?
Did it disappear to Israel through the Israel Discount Bank?
While Madoff has said that he acted alone in orchestrating the fraud, this is
seen as very unlikely. There was probably a very sophisticated team working on
wire transfers to secret bank accounts, perhaps at Israel Discount Bank's Swiss
branch, which opened in Switzerland in 2000. (The very building Madoff carried
out his fraud from, the so-called "lipstick building" in Manhattan, is itself
Israeli owned. Like Bronfman's partner Rubin Schron, Israeli companies have
been aggressively acquiring commercial real estate in the United States -- but
where does their capital come from? Israel, after all, is a recipient of
billions of dollars in financial aid from the U.S. taxpayer every year.)
The Lipstick Building: Madoff rented three floors in this Israeli-owned tower
in Manhattan. He, however, "worked" on a separate floor with a small team that
used a computer system that was not connected to the rest of the company
network.
John Coffee, a professor at Columbia Law School, said: “It is very rare that a
fraud of this proportion could be handled by just one man. There are trades and
redemptions to be done that a 70-year-old man would have to work 20 hours a day
to do.”
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. The tall one in the back is Lt.
Colonel (res.) Giora Offer, president & CEO of Israel Discount Bank. He has
also been the chairman of the board of directors of Israel Discount Bank
(Switzerland) Ltd. since March 2001, according to the website of IDB. The
Israelis who ran IDB are (sitting) Arie Mientkavich, then chairman of both IDB
and IDBNY, and Arie Sheer, general manager of IDBNY. The New York bank has
long been the IDB’s main source of profit.
Madoff is a former national treasurer of the American Jewish Congress (AJC) of
New York City, one of the major Zionist organizations. 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 to boycott
Germany in the 1930s. In 1936 the American Jewish Congress was instrumental in
establishing the World Jewish Congress (WJC). Wise, president of the AJC, was
also elected president of the WJC. 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, both noted Talmudic scholars, studied and taught.
Madoff is (now was) 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.
Belfer Hall is the main building at Yeshiva University.
Isn't it lovely?
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. The racist
nature of the Talmud, and how this Jewish supremacism has manifested itself in
different societies, is the main reason that Jews have been despised and
expelled from so many nations throughout history. (For an scholarly
interpretation of the anti-Christian content of the Talmud see: Israel Shahak,
Jewish History, Jewish Religion: The Weight of Three Thousand Years, 1994)
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 a Talmudic, i.e.
Jewish supremacist, "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 Talmudic yeshiva
and Zionist indoctrination center.
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.
Finis
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Sources & Recommended Reading:
Bollyn, Christopher, "9-11 and the Crisis on Wall Street", September 17, 2008
Bollyn, Christopher, "The Architecture of Terror: Mapping the Israeli Network
Behind 9-11," July 24, 2008
Rushe, Dominic and Dey, Iain, "Only Fools and Horlicks: possibly the biggest
fraud in corporate history," The Sunday Times, December 14, 2008
Shahak, Israel, Jewish History, Jewish Religion: The Weight of Three Thousand
Years, Pluto Press, London, 1994
Vekshin, Alison, "Discount's New York subsidiary fined in money laundering
case," The Jerusalem Post, November 2, 2006
* * * * * * *
Comments from readers, pro and con:
"How the hell did Bollyn pull all that data together so quickly?"
- Sean McBride
Damn good post, I give it 100 stars...
- Carbonfibre
Please see the article, "Who is Bernard Madoff, the man behind the $50 billion
fraud?" at www.bollyn.info if you wish to see where much of the money in all
likelihood went. In reading the article you can easily intuit why the question
of where the money went is studiously avoided in most of the reporting and
commentary by the mainstream media.
- James
