Christopher Bollyn
FRAUDSTER'S PARTNERS ARE TIED TO SENIOR ISRAELI CRIMINALS AND ISRAEL'S NOTORIOUS MONEY-LAUNDERING BANK IN NEW YORK - SO, WHERE DID THE MONEY GO? Where did the Madoff money go? Said to be as much as $50 billion, the key question about this huge scam remains unanswered. After examining 7,000 boxes containing the documents of Bernard Madoff's "investment" company, a U.S. bankruptcy court meeting revealed that there was "no evidence" that any of the money had been re-invested in 13 years, the BBC reported on February 21, 2009: 
"...trolling through 7,000 boxes of records dating back 13 years, investigators found no evidence that money paid into the fund offering high rates of return had been re-invested. The monthly statements, they said, "no more than fiction."
Meanwhile, with incredible arrogance, Madoff is asking the court that he be allowed to keep some $69 million in assets, saying that they are in his wife's name, according to an AP report:
Bernard Madoff is seeking to keep a $7 million Manhattan penthouse and an additional $62 million in assets, saying they are unrelated to the fraud that authorities say cost victims more than $50 billion. In court papers filed Monday, March 2, in U.S. District Court in Manhattan, Madoff and his lawyer claim the apartment, $45 million in municipal bonds and $17 million more in a separate account all belong to Madoff's wife, Ruth.
The bonds in an account held by Ruth Madoff at COHMAD Securities Corp. and about $17 million held by her in a Wachovia Bank account "are unrelated to the alleged Madoff fraud and only Ruth Madoff has a beneficial interest in these assets," Bernard Madoff and lawyer Ira Sorkin said, according to the papers.
Source: Neumeister, Larry, "
Madoff seeks to keep NYC penthouse, $62M in assets," Associated Press, March 2, 2009
Stephen A. Weiss, a lawyer who represents about 100 defrauded investors, said investors won't stand for the Madoffs keeping millions of dollars.
"Bernie Madoff has no shortage of chutzpah to suggest as he does that his wife was not the beneficiary of his fraud. It is not only senseless, but offensive," Weiss said after the court hearing on March 3.
The "chutzpah" of Madoff described in the news reports indicates that Madoff is being very well protected by the highest authority in New York and the United States government. After nearly three months, the investigators have not charged Madoff with any crime and he is still allowed to live in his $7 million penthouse -- a home paid for with stolen money while some of his victims have been made homeless by his crimes.
MADOFF'S ARROGANCE
Where does Bernie Madoff get his arrogance and hubris, the "chutzpah" Weiss referred to? There can only be explanation: he knows that he is being protected by the highest power -- and I don't mean our heavenly Father.
Madoff is being protected by his partners in crime, the Elders of Zion, and the State of Israel. The $50 billion did not disappear into an unknown black hole. Such large sums do not simply vanish; these transfers of hundreds of millions are being kept hidden by the investigators and the courts. They have most likely been funneled into Zionist-controlled bank accounts through Israeli banks (e.g. Israel Discount Bank) and private equity funds managed by Israeli intelligence.
Madoff has been funding the war chest of Israeli inteligence. As long as Madoff remains silent about this core aspect of the rip-off, he will be allowed to live and justice will be easy with him. This is the quid pro quo of his relationship with Israel and the source of his confidence. He was stealing for a cause - the Zionist cause.
Why else have the powerful Zionist individuals and groups supposedly defrauded by Madoff not gone after him tooth-and-nail as they would an Arab or suspected Nazi? Why has the Zionist-controlled media failed to investigate where Madoff's billions disappeared to? Why is Madoff being treated with kid gloves by the court and the media? As we can clearly see from the delayed and obstructed
9-11 tort litigation, the New York courts and U.S. mass media are Zionist controlled instruments of injustice.
Madoff, the criminal Zionist treasurer, has been under home detention since being charged with the theft of as much as $50 billion in early December 2008 (he has had a curfew between 7 p.m. and 9 a.m.). This freedom allowed him to continue to run his criminal enterprise and send millions of dollars of ill-gotten gains to his family and friends. Why has Madoff not been treated like a criminal, water-boarded in Gitmo, and interrogated? His friends think that is the way to treat people who are suspected of having information that is important to the welfare of the American people. Why the special treatment for Madoff? 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? The evidence suggests that a large amount of money went to the Zionist criminal network headed by Ehud Olmert and his cronies.
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.
Three years ago, Bernard Madoff's partner in crime Jacob Ezra Merkin bought Israel's Bank Leumi from the Israeli government headed by Ariel Sharon and then finance minister Ehud Olmert. In January 2007, Israeli State Prosecutor Eran Shendar ordered police to begin a criminal investigation into Prime Minister Ehud Olmert, on suspicion of having influenced the sale of a controlling stake in Bank Leumi. In the Leumi case, Olmert is suspected of having tried to throw the tender to his friend, Australian real estate magnate Frank Lowy, who was a partner with Larry Silverstein and co-lease-holder of the World Trade Center on 9-11.
JACOB EZRA MERKIN - MADOFF'S "GOLDEN BOY"
Jacob Ezra Merkin is one of the key players of the multi-billion dollar criminal fraud carried out by Bernerd Madoff. He is known as the chairman of GMAC, the financial service branch of General Motors and as the general partner of Gabriel Capital LP, a $5 billion family of hedge funds. He has also been the head of the Ariel Fund, based in the Cayman Islands, and a managing partner of Gotham Capital. Merkin secretly diverted vast amounts of money to Madoff's "Ponzi" scheme or pyramid operation. He was seen as "the Golden Boy controlling the Golden Goose."
Merkin and Madoff served together on the board of Yeshiva University, where Merkin was chair of the investment committee and Madoff was treasurer and chair of the Sy Syms School of Business. Merkin invested Yeshiva University money into Madoff's operation. Both quit when the scandal broke. YU has tried to erase their names from its website.
Merkin's cousin Michal is married to Uri Lupoliansky, the former deputy mayor of Jerusalem under Ehud Olmert. Lupoliansky became mayor after Olmert in 2003. Merkin's family is connected to the highest levels of the Israeli government through his mother, Ursula, who immigrated to Palestine in 1933 with her father Isaac Breuer. His father, Gerson Isaak Hermann Merkin, was a fur-trading German Jew who lived in London and New York during the 1930's, years before Hitler invaded Poland, and who became a U.S. intelligence/counter-intelligence agent in 1940 -- 4 years before even becoming a U.S. citizen. (His biographies all say that he fled from the Nazis, of course.) Hermann made a fortune with the Overseas Shipholding Group (OSG) headed by the Israeli Raphael Recanati, and was a director of the Israel Discount Bank in New York.
Merkin's $500 million check seen above was for the controlling shares in Bank Leumi. The check is made out to the State of Israel and is being paid by Barnea Investments B.V. ("Barnea"). Barnea, the "preferred bidder" was incorporated in the Netherlands, and is a wholly owned subsidiary of Barnea S.A.R.L., which was incorporated in Luxembourg, and which is held jointly and indirectly by Stephen Feinberg (chairman of Cerberus, the owner of Chrysler) and Ezra Merkin (chairman of the now bailed-out GMAC), through the Cerberus and Gabriel private investment fund groups controlled by Feinberg and Merkin respectively. I suspect that Stephen Feinberg is another Mossad-run criminal operator.
STEPHEN FEINBERG'S SECRET - HE RUNS ARMY FACILITIES IN IRAQ & AFGHANISTAN
“We try to hide religiously. If anyone at Cerberus has his picture in the paper and a picture of his apartment, we will do more than fire that person. We will kill him. The jail sentence will be worth it.”
- Stephen A. Feinberg on his business "philosophy"
Why is Feinberg so secretive? Why does he "try to hide religiously?" This Feinberg is trying so hard to hide that his Who's Who biography says he is "deceased." I have never seen that mistake made before in Who's Who for a living person. Feinberg and his father, Martin, avoid the press like the plague. Martin Feinberg, contacted by the Free Press (Detroit) at his home in Connecticut in May 2007, had very little to say. "We're fairly private people," he said.
DOES FEINBERG WORK FOR ISRAELI INTELLIGENCE?
The evidence indicates that Stephen Feinberg and his father avoid the limelight for one reason: they are working for Israeli military intelligence. A "Martin Feinberg," who may be Stephen's father, made a series of trips to Israel in the mid-1950s, which is the period when a network of Israeli agents and American "sleeper" agents was created in the United States after the Israeli false-flag operation known as the Lavon Affair failed exposing Israel's attempts to bomb U.S. and British facilities in Egypt. Like the trips to Israel made by Michael Chertoff's father and grandfather at the same time, these trips are indicative of involvement with Israeli military intelligence. Judge Alvin K. Hellerstein, the federal judge presiding over the 9-11 litigation made a similar trip in the mid-1950s, via Mexico, after finishing his education.
In May 2004, Feinberg's "private investment group," Cerberus Capital Management, L.P., named for the three-headed dog from Hell,
became majority owner of IAP Worldwide Services, Inc., one of the Army’s largest contractors in Iraq. Having given $500 million to Ehud Olmert and Ariel Sharon, imagine how easily Feinberg would place Israeli intelligence agents into key positions in their company providing services for the U.S. Army in Iraq and Afghanistan.
In Afghanistan, Feinberg's IAP runs a "drugs and addiction facility" in Kunduz. What would make IAP a proper choice to run a drug facility in the middle of the largest opium supplying nation in the world? Could it be Feinberg's college thesis on the legalization of drugs and prostitution?
IAP also provides infrastructure support for the British Ministry of Defence in Kandahar. In Iraq, apart from supporting the U.S. Army, IAP has a contract to provide "infrastructure project work" in Basra. The Israelis could hardly wish for a better source of information from Afghanistan and Iraq than Stephen Feinberg.
John W. Snow, Secretary of the Treasury under George W. Bush, was named chairman of Cerberus on 19 October 2006. Feinberg's IAP also serves "
a broad array of federal customers," including the U.S. Department of Defense, NASA, the U.S. Geological Survey, the U.S. Agency for International Development, the Internal Revenue Service, and a variety of other federal agencies.
On 30 December 2008, it was reported that the U.S. Treasury will provide $6 billion more for GMAC, which is headed by Merkin and the secretive Feinberg, the two Zionist Jews who bought Bank Leumi from the State of Israel. The Treasury is now reportedly buying a $5 billion stake in GMAC and lending $1 billion to GM. The latest "loan" is in addition to $13.4 billion the Treasury lent earlier to GM and Chrysler LLC. GM sold 51 percent of GMAC in 2006 to Feinberg's private equity firm Cerberus Capital Management LP, which also owns Chrysler.
(More information on the Israeli Merkin-Olmert connection is forthcoming.)
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 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.
The IDB has a long history of criminal fraud going back to the 1980s, when Merkin's father had been a director for more than 20 years: A notice to the shareholders of PEC Israel Economic Corp. from May 23, 1995, reveals the criminal nature of Israeli banks, especially the IDB, the bank Jacob Ezra Merkin's father was a director of since 1966:
In February 1994, following a lengthy trial in Israel, the four largest banks in that country, including Israel Discount Bank Limited ("IDBL"), and its former parent IDB Holding, and members of their senior management were found guilty, in connection with acts that occurred prior to October 1983, of engaging in fraudulent securities transactions and making false statements within the meaning of certain provisions of that country's banking, securities and other laws. The violations involve activities, which terminated in October 1983, relating to shares of these Israeli institutions. Mr. Raphael Recanati, who was chief executive officer of IDBL, and Mr. Eliahu Cohen, who was a member of senior management of IDBL, are among the defendants found guilty.
Joseph Ciechanover and Merkin's father, Hermann, were both on the board of IDB Holding and Discount Investment Corp. (IDB) at the time the criminal fraud was committed.
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 and Merkin headed the investment committee, "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.
Jacob Ezra Merkin clearly enabled Madoff's scheme to continue operating by investing hundreds of millions of dollars with Madoff. Merkin's late father, Hermann Merkin, was a high-level Rothschild-linked director of the PEC Israel Economic Corporation for thirty-three years (1966-1999) until his death. The PEC, which is now a wholly-owned subsidiary of Discount Investment Corporation, Ltd. (IDB), is primarily a central funding operation of Israeli military intelligence. With the Merkin family's old and intimate ties with the chiefs of Israeli intelligence and banking, it is simply not credible that Ezra Merkin was unknowingly pouring millions of dollars from Orthodox Jewish investors, like those of Yeshiva University, into a money-losing operation like Bernard Madoff's investment fund. The Madoff money did not get lost -- it was stolen by the Israeli network connected to the Merkin family.
Ezra Merkin is the vice chairman of the Ramaz School (an orthodox yeshiva), where his children attend school. This is the same school that Alvin K. Hellerstein attended and sponsors. Hellerstein, who has been a trustee of the Ramaz School, is the federal judge in Manhattan who has effectively hijacked all the 9-11 victims lawsuits preventing any legal discovery or trial from occurring. Michael Mukasey, the current United States Attorney General, is also a devoted Zionist orthodox Jew who graduated from the Ramaz School. Talk about a small world!
Merkin and Hellerstein also attend the same orthodox synagogue, Kehilath Jeshurun. If you wonder why Merkin and Madoff are being treated with kid gloves in the courts of Manhattan, despite having stolen some $50 billion, look no further than their connections to the Israeli government and the orthodox Zionist community of New York City. The courts in New York, the U.S. Dept. of Justice, and the Dept. of Homeland Security under Michael Chertoff are all run by members of this foreign anti-Christian sect, the tiny orthodox Jewish community from New York City.
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.
