Madoff Arrest Sends Shockwaves Through Jewish Philanthropy
Gabrielle Birkner, Anthony Weiss, Forward, Dec 12 2008
The arrest of Wall Street trader Bernard L. Madoff, who federal agents say defrauded investors of an estimated $50b, has had immediate consequences in the Jewish philanthropic world. One charity already closed and insiders are worried that the ramifications of Madoff’s financial demise may extend to the many organizations he supported and the wealthy Jews he advised. On Friday, Madoff resigned from Yeshiva University, where he served as the chairman of the Sy Syms School of Business and treasurer of the board of trustees. Madoff and his wife, Ruth, had also endowed a Presidential Fellowship at the university. In a statement, a YU spokeswoman, Hedy Shulman, said that news of Madoff’s arrest had shocked university officials, adding: “Our lawyers and accountants are investigating all aspects of his relationship to Yeshiva University. We reserve our comments until we complete our investigation.”
The same day, the Boston-based Robert I. Lappin Charitable Foundation, which had the bulk of its money invested with Bernard L. Madoff Investment Securities, closed its doors and terminated its seven staff members. A 16-year-old charity, the organization’s stated goal had been “reversing the trend of assimilation and intermarriage.” It had funded teen trips to Israel, enrichment programs for Jewish educators, and interfaith outreach initiatives. According to a press release issued Friday by the foundation, all of its assets had been frozen by the federal courts. “The money needed to fund the programs of the Lappin Foundation is gone,” the statement read. “It’s with a heavy heart that I make this announcement,” the organization’s trustee, Robert I. Lappin, said. “The Foundation’s programs have touched thousands of lives over many years in our efforts to help keep our children Jewish.” Madoff also made charitable donations to other Jewish organizations, including the 92nd Street Y, where he and his wife were listed as “benefactors,” having given a gift of between $2.5k - $5k to the 2006–2007 annual campaign. He had also chaired a gala fundraiser on behalf of Gift of Life, a Jewish bone marrow registry and cord blood bank.
In addition, the Madoffs were such significant contributors to UJA-Federation of New York that the charity placed a death notice in the New York Times, extending sympathies to the Madoff family following the death of a family member. The notice mentioned Bernard Madoff, and referred to the family as “cherished friends and leaders whose deep commitment to the New York Jewish community profoundly impacts millions of lives.” The investor was close to a number of prominent Jewish donors, both on Wall Street and elsewhere. The WSJ reported that members of the Boca Rio Golf Club in Boca Raton and the Palm Beach Country Club in Palm Beach were heavily invested with Madoff’s firm. Both clubs are heavily Jewish.
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Blagojevich arrest could send Jewish rep to Senate
Ron Kampeas, JTA, Dec 9 2008
... http://jta.org/news/article/2008/12/09/1001437/blagojevichs-arrest-impro...
... Schakowsky would be a natural pick, said Linda Sher, who founded the Joint Action Committee for Political Affairs, a pro-Israel and pro-choice group. “Jan is a wonderful, honest person, she serves her constituency, she has integrity and is hard working,” Sher said. Schakowsky is among the most liberal lawmakers in the US House of Representatives, and is one of the few in the body who can claim opposition to the Iraq War from its outset. Her record is solidly pro-Israel, and she conveys a Jewish mother vibe, actively seeking out dates for her unmarried staff. She is especially close to Rahm Emanuel, who just quit his own congressional seat to become Obama’s chief of staff. Both emerged from the Illinois Public Action Fund, a public interest advocacy group, in the 1980s. Schakowsky has been touched by scandal: Her husband, Robert Creamer, pleaded guilty in 2005 to fraud charges in connection with IPAC, where he served as executive director.
Submitted by RowanBerkeley on Sat, 2008-12-13 09:47
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We live in a world where most of us living in the so called developed world are subject to massive mind, perception control. We are daily given 'our thought of the day' by the mass media. Years of State Schooling have made us into slaves, we fear being unemployed, not being able to pay our mortgages, we just want to get along, do what we are told, work, pay our bills and debts. We keep the system which traps us going.
Very few humans actually think for themselves both historically and now, when these few rise up and stop 'conforming' with the herd there will be changes, the herd only follows the leader who they think will protect and benefit them. They are reaching a point in their mass psychology where many feel, 'no one can help'....this can go both ways, maybe they are being groomed to accept the 'supreme leader of humanity' (read the protocols), or they will reject the lies they have been fed, they will see that the only real truth is that they have been enslaved.