Friday, February 6, 2009

Madoff, Mossad and the AmeriKan MSM

"I wonder if Madoff has connections to Mossad. That would explain the kid gloves treatment he is getting from the US Government after stealing $50 billion from us all" -- Wake the Flock Up

"New security guards to watch over Madoff

NEW YORK (Reuters) - New security guards will start watching over accused swindler Bernard Madoff, after the prior firm said it could no longer handle the job. Madoff, out on $10 million bail, has been under constant guard by a private security firm at his Manhattan penthouse as part of the terms of his house arrest.

Security firm Casale Associates was hired last month by Madoff's wife to oversee his court-ordered security. But the firm says the demands of the job have changed, and it is not equipped to keep track of the money manager's household possessions as recently ordered by a judge.

"As you know, we are primarily an investigative firm and lack the capability of providing long-term global forensic accounting services," firm founder Nicholas Casale wrote in a letter to Madoff's defense lawyers earlier this week.

A judge ordered Madoff to be under guard while under 24-hour house arrest to both confine the one-time Nasdaq chairman and protect him from possible harm. Prosecutors later sought to revoke Madoff's bail and have him jailed, saying he had sent diamond watches and other valuables to family and friends in violation of a court order and may try to flee to avoid going to prison. The judge denied the request, but said Madoff must provide authorities with a list of his valuables that would be routinely checked.

Which tells you he is still HIDING LOOT and sending it to relatives (or Israeli banks)!!!


M'kay, how does the MOSSAD and the Zionist-serving AmeriKan MSM come into it?

"Israel's Gangster State

By piecing together different stories in the Spanish, Israeli and British press, we find that Abraham Arad Hochman, a former director of Langbar, "ex" Mossad agent* and Argentinian was one of the two 'brains' behind the fraud and was arrested by Spanish police at his luxury villa in Barcelona.

*is any Mossad agent ever really 'ex'?

According to the FT, Mr Hochman had "long been a prime target of shareholders who lost their money when the shares were suspended in October 2005."

It also stated that the UK High Court had previously "declared Mr Hochman in contempt for failing to comply with a multi-million pound asset-freezing injunction and sentenced him in his absence to 12 months in prison."

Spanish state-owned broadcaster TVE, in their main 9 pm news bulletin, quoted Mr. Hochman as saying "he was only protecting the Jewish community's interests"

Curiously, most of the British press left out the bit about him being a Mossad agent, ex or not. Those who did mention it were: the Sun, Daily Mail, ITN, Haaretz. Those that didn't: BBC, Guardian, Independent, Financial Times, Metro. Spanish El Pais mentioned Mossad.

One begins to get a picture of exactly what the Israeli state is all about. Not only are they ethnically cleansing Palestinians in an attempt to steal all their land and have been since 1948, but they are a gangster state headed by "an utterly unscrupulous set of leaders"...

Those words were written by Sir John Troutbeck, head of the British Middle East Office in Cairo and later British Ambassador to Iraq, on 02 June 1948. He had previously written on 18 May 1948 "It is difficult to see that Zionist policy is anything else than unashamed agression carried out by methods of deceit and brutality not unworthy of Hitler." (Troutbeck to Wright, 18 May 1948, FO 371/68386/E8738 Quoted by William Roger Louis in 'The British Empire in the Middle East, 1945-1951' p.576) This was after the massacre at Deir Yassin, in April 1948. William Roger Louis notes that before WWII Troutbeck had served in Czechoslovakia and he "now believed he was witnessing the spectacle of history repeating itself."

One just has to look at all the scandals surrounding recent Israeli leaders to see that Troutbeck was not far off the mark:

Ariel Sharon was described
by Labor leader Amram Mitzna, as a “godfather” running the “family” business. “There is no doubt that organized crime is apparently infiltrating a party, a ruling party,” Mitzna said, according to a Forward article. Mitzna was referring to the Likud party. The Forward article article, written by Matthew Gutman, started "It seemed like a scene straight out of the television series "The Sopranos": A group of political insiders gathers at a swank restaurant, owned by a suspected mob family, and is allegedly plied with food, drinks and cash-filled envelopes while considering nominees for plum political posts. After enough drinks and cash are passed around, the restaurant owner's 27-year-old daughter, a law student and part-time waitress, ends up poised to represent her party -- and, it's feared, her family -- in the state legislature. But the story didn't take place in New Jersey and it isn't fiction..."

Sharon of course left Likud and founded Kadima a truly gangster party. Its current chief and acting PM Ehud Olmert faces criminal indictment in corruption probes to do with a Jerusalem property deal in which Olmert allegedly bought an apartment in 2004 for $1.2 million US. He has resigned which is what prompted the upcoming Israeli elections.

"A US businessman at the centre of a high-profile corruption investigation told an Israeli court ... he gave thousands of dollars to Israel's prime minister, Ehud Olmert, in envelopes stuffed with cash, some of which he claims was spent on expensive hotels, holidays and cigars. Morris Talansky, a long-time supporter and friend of Olmert, said he gave at least $150,000 (£75,000) over 15 years, including the years when Olmert was a government minister and mayor of Jerusalem."

In June 2007, former Israeli President Moshe Katsav resigned "after a year-long scandal in which several former employees accused him of sexual assault and harassment, and one accused him of rape. Katsav took a leave of absence from his duties in January but stayed on as president before quitting just before the end of his term. A plea deal allowed him to escape the rape charge--and jail. Israel's legislature, the Knesset, reportedly passed a resolution to strip Katsav of many perks awarded to former presidents, including a state-funded office, a secretary, and a car and driver."

Israel's justice minister, Haim Ramon, "resigned on 20 August 2006, two days after he said he would step down to face accusations that he forcibly kissed an 18-year-old female soldier. Israel's attorney general announced plans to indict him on an indecent assault charge." The Tel Aviv Magistrates Court convicted him on 31 January 2007 for "non-consensual indecent acts against IDF female soldier H, who worked as a military secretary at the Prime Minister's Bureau. The judges' decision was unanimous".

Another scandal is that of Olmert's former Finance Minister, Abraham Hirchson, who was indicted for money laundering and embezzling more than $1 million from a non-profit organisation - a euphemism for saying that he stole money from the “March of the Living” project and the Holocaust. The multiple charges included theft, aggravated fraud, breach of trust, fraudulently obtaining funds, money laundering and falsifying corporate documents. Hirchson "was caught boarding a plane from Poland in 1997 with $250,000 in cash stuffed into suitcases that he planned to bring into Israel...Yaakov Weinrot, Hirchson’s lawyer, confirmed the minister had indeed been caught illegally trying to smuggle the cash into Israel and had been fined by a Polish court. But he said Hirchson had only done so because of the technical problems of transferring money to Israel from a Polish bank. " Right.

Now what 'technical problem' would that be? Oh yes, you can't legally transfer dirty money...

"Sarah Amrani, the head of his private office, is also under investigation....Hirchson has been a member of the Knesset, the Israeli parliament, since 1981. He is also a member of the Board of the Special Swiss Committee for Needy Holocaust Survivors. A Filipino nurse who once tended Hirchson’s late wife told police she had seen envelopes filled with cash being delivered to him at home. Ovadia Cohen, the chairman of Nili, has already confessed to embezzling funds from the organisation."

There was a further conviction in the same case: "The Tel Aviv District Court found former National Labor Federation Director Yitzhak Russo guilty of theft, fraud, breach of trust, money laundering and other offenses. Russo was convicted as part of a plea bargain following his confession in a case involving former Finance Minister Abraham Hirchson."

Another one straight out of The Sopranos is the case of the Israeli police commissioner:
Moshe Karadi, who resigned in February 2007 according to the International Herald Tribune, in order to "spare the police the harm of a scandal".

"In 1999, when he was head of Israel's southern district, Karadi failed to pursue an investigation into close ties between police officers and a crime family in the south.

In 1999, a suspected crime boss, Pinchas Buhbut, was murdered while in a hospital by a uniformed policeman working for a rival crime family, the Perinians. Buhbut was recovering from an assassination attempt and was supposed to be under police guard.

A year later, three months after he had left the police, the murderer, Tzachi Ben-Or, was arrested for a robbery and offered to testify. His offer was declined, and a judge, not informed of the Buhbut murder, released him to house arrest. Ben-Or later fled the country and was murdered himself, in Mexico in 2004.

Karadi was accused by the investigators of promoting a police commander in the southern district who was suspected of hushing up the case for the Perinian family."

There were two other scandals from 2006 that reached into the higher echelons of the Israeli government:

Tzahi Hanegbi of Kadima, the chairman of parliament's influential defence and foreign affairs committee, was indicted "on charges of fraud and breach of trust for allegedly making 69 inappropriate political appointments while serving as environment minister between 2001 and 2003. The state has also charged Hanegbi with committing election fraud, giving false testimony, taking a false oath and attempting to exert unlawful influence on a voter."

The 33-page indictment included a list of 321 witnesses for the prosecution:

"During the course of his term of office in the Environment Ministry, the accused acted in a premeditated and systematic way to bring about the appointments of members of the [Likud] Central Committee and their relatives (their sons, their daughters, their friends, etc.) to as many positions and jobs as possible in the ministry and agencies affiliated with the ministry, while prejudicing the chances of the public at large in competing for these positions and jobs, and occasionally without being strict regarding their skills or suitability for the job,"

He had been in trouble before. In 2001
in "a dramatic turnabout" several hours before Prime Minister-elect Ariel Sharon was to appoint the Likud's cabinet ministers, "Attorney-General Elyakim Rubinstein reversed an earlier decision" and closed a graft case against Tzahi Hanegbi "because the evidence against him would not stand up in court." He was "a suspect of fraud, deceit and election’s bribery as well as breach of trust."

In spite of all this, this man is now Chairman of the Knesset's Security and Foreign Affairs Committee...Need I really say more?

Lt.-Gen. Dan Halutz, chief of staff of Israel's armed forces, has acknowledged "selling off his stock portfolio just hours after Hezbollah gunmen kidnapped two Israeli soldiers July 12 triggering the five-week Lebanon war. While regulatory authorities have said he did nothing illegal, Reuters said many Israelis are questioning why cutting his own financial losses was on Halutz's mind at such a time."

A list of other contemporary scandals include:

Israel Katz, Likud MK, former Agricultural Minister. The police recommend trying him for breach of trust, cronyism, misuse of power and forgery. Katz, who was interrogated twice, is now facing indictment.

The list is much longer, so permit me to mention just some outlines:
There were and still are investigations of some MK members: Ruchama Avraham, (Free flight tickets to USA, from Agresco). She paid back and was reprimanded.

Danny Nave, MK and former Health Minister – for political appointments. He recently resigned from the Knesset.

Salach Tariff, former Minister – indicted.

Shlomo Benziri, former minister of Work, Welfare and Health – was charged for receiving bribe from a constructor.

Neomi Blumenthal – former Likud MK – was sentenced to 8 months in prison, and 75 thousands NIS fine, for bribing Likud central committee members, “buying” their votes for the party’s primaries. Her sentence has been delayed for 2 months, at her request.

Yona Metzger, Chief Rabbi, (Ashkenazi) – a suspect of bribery and false testimony.

And on top: A huge scandal at the Tax Authority, involving 15 senior civil servants for bribery, fraud, political appointments and breach of trust. Among the accused are Shula Zaken, Olmert’s head of office, and her brother, Jacky Matza, one of the two directors of the Tax Authority together with Ethan Rove.

This is not just a recent problem either.

A WRMEA article of March 2003 also confirmed that "corruption is rampant in their country, which is home to a powerful criminal underworld. Drug money finances the smuggling of guns and people. Israel’s shady diamond industry may even exchange so-called “conflict” diamonds for weapons in the Congo and other African countries. Illegal foreign workers are imported and kept in terrible conditions, and prostitution is a big racket. Over the years, Russian, as well as South and North American Mafia have flourished in Israel. Crooked millionaires, like American fugitive and financier Marc Rich, have gained respectability by making contributions to Israeli universities and institutes.

Israeli banks are a favorite place for international money laundering. British media tycoon Robert Maxwell poured his ill-gotten gains into Israel, before his mysterious death on his yacht in 1992—after his money-laundering and outright thefts became public knowledge.

It should come as no surprise, then, that corruption also is rife in Israel’s government. Scandal has always dogged politicians in “the only democracy in the Middle East.” Perhaps because they now take it for granted, allegations of corruption never have much of a long-term impact on Israeli voters.

Sharon’s predecessors also were embroiled in funding irregularities or corruption scandals. Binyamin Netanyahu and his wife, Sara, always were up to their necks in charges and investigations, only to emerge unscathed, ready to run again. Ehud Barak remains enmeshed in a scandal involving shell companies that poured foreign funds into his election campaign. In 1977, allegations of corruption were instrumental in the late Yitzhak Rabin’s fall from power."

There is currently yet another scandal, this time surrounding Avigdor Lieberman. This from Haaretz on 25 January 2009: "The National Unit for Fraud Investigation on Sunday detained seven people for questioning as part of an investigation into MK Avigdor Lieberman, including Lieberman's daughter Michal and his attorney Yoav Meni."

The same paper published this the following day: "Police suspect Lieberman of money laundering, fraud and breach of trust. Sources in the national fraud squad said Sunday that the evidence gathered against Lieberman in recent months was far more serious and substantial than anything that has been previously published. "

The Lieberman mafia has apparently an " international nature, encompassing countries from Cyprus to Ukraine". All this from the man who has been called "a Jewish Hitler".

Another member of the gangster state's leaders, Deputy Defense Minister Matan Vilnai "went as far as threatening a "shoah," the Hebrew word for holocaust or disaster" in March 2008, just 10 months before the latest Gaza massacre. This was at the same time as Ehud Barak threatened Hamas: "Hamas is directly responsible for the current situation and will be the one to bear the cost of our response", Barak said during a visit to Ashkelon, adding that "an Israeli response is necessary and will be carried out."

These are the people Mark Thompson, Director General and editor-in-chief of the BBC, wants to protect with his false impartality...


And how does the Zionist-serving AmeriKan MSM cover such revelations?

"Santander clients weigh Madoff offer" by Bloomberg News | February 3, 2009

MADRID - Banco Santander SA clients facing losses from investments with Bernard Madoff filed into the bank's Madrid offices yesterday to discuss its offer of compensation. Not all of them were accepting the deal.

"I'm not signing," said Jose Luis Del Barrio, a 62-year-old architect and "lifelong" Santander client. "There's been nothing but falsehood and negligence," he said at Santander's private banking office in Madrid's Paseo de la Castellana. Santander began calling Spanish customers last week to arrange personal appointments to accept its offer of preference shares paying 2 percent a year. Spain's largest bank is attempting to settle Madoff-related losses of $1.7 billion at its global private banking network.

Santander disclosed the proposed compensation last week to protect relationships with customers hit by the alleged fraud. Madoff, 70, was arrested on Dec. 11 and charged with using billions of dollars from new investors to pay off older ones in a Ponzi scheme.

Santander isn't letting customers see the contract before their meetings and in some cases is giving them until Thursday to agree to its terms, said Fernando Zunzunegui and other lawyers advising Spanish clients on Madoff-related matters. The bank says there's no deadline in the contract by which clients must accept its terms.


"Investigator to rip SEC in testimony on Madoff case" by Ross Kerber, Globe Staff | February 4, 2009

The Whitman investigator who tried to blow the whistle on investment manager Bernard Madoff will go before Congress today to unload a blistering attack on federal securities regulators, who he claimed repeatedly failed to heed his warnings on the now-accused swindler.

In testimony he is scheduled to give to a congressional subcommittee, Harry Markopolos details a litany of lost chances by officials at the Securities and Exchange Commission to follow through on repeated warnings he sent them about Madoff from as far back as 2000....

Yeah, well, given evrything above, let me add this to the mix: U.S. Government Knew About Madoff Scheme Since 1960

Are we clear, readers?

"There was an abject failure by the regulatory agencies we entrust as our watchdog," Markopolos wrote in the testimony.

He said the lack of action by the SEC led to a period when he feared for his safety, as Madoff for many years was a pillar of Wall Street who also served in powerful positions, including a governor of the Nasdaq stock market and vice chairman of the securities industry's regulatory agency....

I'm just wondering why this article never appeared in my printed paper -- and why it was quickly whisked off the website.


One feature of Madoff's scheme that allowed the manager to remain undetected for so long, Markopolos said, was the way in which drew investors into his company: by playing hard to get. Markopolos recalls an overseas trip he took in 2002, where he learned that several European royal families had invested with Madoff, and bankers were bragging about the special access Madoff had granted them....


And that's as close as they get to the true power behind the facade of government.

"Madoff tipster Harry Markopolos assails SEC" by Marcy Gordon, AP Business Writer | February 4, 2009

WASHINGTON --The man who waged a decade-long campaign to alert regulators to problems in the operations of fallen money manager Bernard Madoff told Congress Wednesday that he had feared for his physical safety.

I'll get to what the Globe gave me in a minute.

Harry Markopolos also assailed the Securities and Exchange Commission in his first appearance before lawmakers. The SEC failed to act despite receiving credible allegations of fraud from Markopolos about Madoff's operations over a decade. Because of the agency's inaction, "I became fearful for the safety of my family," Markopolos said....

Yeah, from the Russian-Israeli Mafia: Off-limits to FBI, US intelligence

Markopolos testified at the hearing. "It took me about five minutes to figure out he was a fraud."


And we KNOW WHY!

"The hearing had opened with Mr. Markopolos telling the panel he had discovered another possible fraud, a $1 billion Ponzi scheme, that he would report to regulators on Thursday. Neither he nor his lawyers would provide any additional details.

Mr. Markopolos also said he would tell regulators about a dozen private foreign funds — which he said were “hiding in the weeds” in Europe — that raised money for Mr. Madoff and had sustained major losses.

These funds have not yet been publicly identified, he said. And their silent victims most likely include investors of “dirty money,” including Russian mobsters and Latin American drug cartels, he said — although he acknowledged that he did not have specific information about such investments."


Markopolos, a securities industry executive and fraud investigator, brought his allegations to the SEC about improprieties in Madoff's business starting in 2000. He fruitlessly pursued the quest through this decade with agency staff from Boston to New York to Washington, but the regulators never acted.

Now thousands of victims who lost money investing in Madoff's fund, which was separate from his securities brokerage business, have been identified. Among them are ordinary people and Hollywood celebrities -- as well as big hedge funds, international banks and charities in the U.S., Europe and Asia. Life savings have evaporated, foundations have been wiped out and at least one investor apparently was pushed to commit suicide.

Yeah, right. Like this? Who commits suicide like that?

And the SEC has been sustaining volleys of criticism from lawmakers and investor advocates over its failure to discover Madoff's alleged fraud, which could be the biggest Ponzi scheme ever, despite the credible allegations brought to it over years.

Markopolos said he determined there was no way Madoff could have been making the consistent returns he claimed using the trading strategy he touted to prospective investors. Madoff, who was at one point chairman of the Nasdaq Stock Market and sat on SEC advisory committees, was "one of the most powerful men on Wall Street and in a position to easily end our careers or worse," Markopolos said.

Calling the SEC "nonfunctional" and harmful to the reputation of the U.S. as a global financial leader, Markopolos recommended ways to revamp the agency, including replacing its senior staff and establishing a central office to receive complaints from whistleblowers. Also due to testify before the House Financial Services subcommittee were five top SEC officials, including the agency's enforcement director Linda Thomsen, and the head of its inspections division Lori Richards....

Thomsen and Richards defended their actions at a Senate hearing last week over the SEC's failure to uncover Madoff's alleged fraud scheme. Members of the Senate Banking Committee were scarcely satisfied with explanations given by the two officials and by Stephen Luparello, the interim chief executive of the brokerage industry's self-policing organization.

Really, jewsmedia?

"Bush SEC Holdovers Cite Executive Privilege, Refuse to Answer Questions at Madoff Hearing

At a contentious Financial Services Committee hearing today about the failure of the Securities and Exchange Commission to prevent the Bernie Madoff scandal, the SEC's General Counsel cited executive privilege as reason that he and the SEC's enforcement branch were refusing to answer congressional inquiries.

"Oh? That suggests that there is a link between the Bush White House and Madoff's pyramid" -- Wake the Flock Up


That organization, the Financial Industry Regulatory Authority, was headed until December by Mary Schapiro, President Barack Obama's new SEC chief.

Also see:Obama's SEC Cop on the Beat

Schapiro has said that because Madoff carried out the scheme through his investment business and FINRA was empowered to inspect only the brokerage operation, it wasn't possible for the organization to discover it.


So HOW does the GLOBE report it the NEXT DAY?

"Markopolos: SEC's regional turf tiffs hampered case; Accountant was warned N.Y. didn't like tips from Hub" by Beth Healy, Globe Staff | February 5, 2009

Harry Markopolos, the man who tried to tip off federal regulators about the Bernard L. Madoff scandal for nine years, yesterday told lawmakers that turf battles between the Boston and New York offices of the Securities and Exchange Commission were at the heart of the agency's bungling of the case....

In his testimony yesterday, a frustrated Markopolos said.... "Clearly the SEC was afraid of Mr. Madoff."

Now WHY would they be AFRAID of him, readers? WHO CONTROLS WHO?

Markopolos figured out Madoff was running a scheme while working for Rampart Investment Management in Boston. The office math whiz, he was assigned in 2000 to learn how Madoff was achieving double-digit returns on an options strategy and to try to replicate it, but he couldn't.

See how they try to disparage the guy as if he's just some nerd hanging around the office? Subtle propaganda, but there.

Markopolos said this wasn't the first case the SEC missed....

Tensions ran high in the hearing yesterday when SEC officials Andy Vollmer, the agency's acting general counsel, and enforcement director Linda Thomsen, refused to respond to questions about the Madoff investigation posed by Representative Gary Ackerman, a New York Democrat.

"You've told us nothing," Ackerman shouted....


These guys SIGNED a BLANK CHECK for the VERY BANKS and EXECUTIVES that are profiting of a TAXPAYER BAILOUT after a LOOTING JOB, so SAVE the FART MIST, Gary!"

And how much you wanna bet Congress will do what Gary said... nothing!!!!?

Thomsen said the SEC could not comment on the ongoing investigation of Madoff.

BULLSHIT!!! They COMMENT WHENEVER THEY WANT TO on the "terrorism" cases -- or anyone else they set up for framing!


Mary L. Schapiro, the new head of the SEC appointed by President Obama, sent a letter to Pennsylvania Democrat Paul Kanjorski, the panel's chairman, yesterday after the hearing, saying in part: "There needs to be a full accounting, both of Mr. Madoff's activities and why we did not detect the fraud, which we truly regret."

In his testimony, Markopolos said he had discovered a dozen additional funds that funneled money to Madoff, "hiding in the weeds" in Europe. He plans to present his findings to the SEC's inspector general today.

So the Globe didn't mention the threat to life or the Jewish mafia role in all this, but did allude to the Jewish dynasties of Europe.



Let's give 'em another chance:

"Jaffe appears for Mass. Securities inquiry" by Beth Healy, Globe Staff | February 5, 2009

Broker Robert Jaffe appeared yesterday under a subpoena before the Massachusetts Securities Division as part of its inquiry into the Bernard L. Madoff investment scandal.

Related: Jaffe the Jerk

Jaffe had failed to appear at two previous hearings with the division, once citing illness. His lawyers sought to fight the subpoena but lost, after a judge ruled that Secretary of State William F. Galvin's investigative reach as head of the Securities Division was broad enough to require Jaffe to travel to Boston from Palm Beach, Fla., for the meeting....

Jaffe was being questioned in connection with his role at Cohmad Securities Corp., a brokerage firm based in the same midtown Manhattan office building as Madoff's. Cohmad, which also had an office in Boston's Back Bay, counts Madoff among its officers.

Jaffe raised funds for Madoff as a broker, including millions of dollars from Massachusetts investors. His spokesman says Jaffe knew nothing of Madoff's alleged $50 billion Ponzi scheme. Jaffe and his family say they have lost hundreds of millions of dollars in the scandal.

Yeah, sure, the solicitor of funds for Bernie, the"bon vivant" was a victim of a scheme no single person could possibly manage.

It was unclear yesterday whether Jaffe's attorney had allowed him to answer Galvin's questions. Galvin said the meeting was "not long."

And that's the amount of time the mouthpiece for the Jewish Mafia will spend digging into the story, too.



"Jewish agencies such as nursing homes and community centers take in an estimated $10 billion each year from government sources — some 10 times the amount these agencies raise from the public. Most of the $10 billion is directed through state governments that are struggling mightily to stay afloat in the current economic downturn."

But they have MONEY for JEWS -- TAX MONEY as they are GUTTING SERVICES and RAISING TAXES! How much more will you put up with, Amurka?

Related: Following Zakheim and Pentagon trillions to Israel and 9-11

"Madoff trustee recovers about $946m in assets" by Bloomberg News | February 5, 2009

ALMOST ALL of it -- if that is in fact the total (I think it's more).

NEW YORK - Irving Picard, the trustee liquidating Bernard L. Madoff Investment Securities LLC, said he recovered about $946.4 million in cash and securities for customers of the bankrupt firm allegedly at the center of a $50 billion Ponzi scheme.

The Baker Hostetler LLP attorney said he retrieved $111.4 million in cash from various banks and institutions, in addition to about $535 million from Bank of New York Mellon Corp. and JPMorgan Chase & Co. The banks agreed to transfer the funds. Picard also got $300 million in securities that will be liquidated, he said.

"There are a few other little pockets we are working on" to find cash, Picard said yesterday after a hearing in US Bankruptcy Court in Manhattan. There are 1,500 to 1,600 small positions, some of which were in illiquid securities, that will need to be turned into cash, he said.

The trustee said his progress since being appointed in December has been slowed because of overlapping probes by the Federal Bureau of Investigation and the Securities and Exchange Commission.

Well, if you have read this far that makes PERFECT SENSE, doesn't it?

The recovered assets will be designated customer funds, he said, and invested in short-term government securities.


Okay, BACK to the BLOGS!!!!!

"Is Madoff the tip of a money laundering pyramid in Israel?

by Wayne Madsen
Online Journal Contributing Writer

Jan 14, 2009

WMR) -- The U.S. District court for the Southern District of New York seems intent on keeping ex-NASDAQ chairman and $50 billion Ponzi scheme swindler Bernard Madoff confined to his Upper East Side Manhattan luxury home and not in a federal lock-up.

Two judges in the New York federal circuit, Theodore Katz and Ronald Ellis, have ruled that Madoff should stay in his town house and out of prison.

Attorney General Michael Mukasey, whose son Marc Mukasey of the law firm Bracewell & Giuliani represents Frank DiPascali, one of the Madoff cronies, once served on the federal bench with Katz and Ellis in New York. Katz was appointed by George H. W. Bush while Ellis, an African American, was appointed by Clinton.

WMR previously reported that Madoff is suspected of transferring much of his ill-gotten gain to Israeli banks, including one, Bank Leumi, that Madoff associate J. Ezra Merkin bought from the Israeli government when Ariel Sharon was prime minister and current Prime Minister Ehud Olmert was finance minister.

Almost forgotten in the Madoff scandal is another scandal in which Morris "Moshe" Talansky, a New York businessman, admitted that he gave Olmert $150,000 in cash contained in envelopes. The scandal forced Olmert to announce that he was stepping down as prime minister but not before he launched a genocidal attack on Gaza.

Las Vegas billionaire Sheldon Adelson, who is a major donor to the Republican Party, has also given generously to Likud chief and prime minister-hopeful Binyamin Netanyahu, who hopes to succeed Olmert as prime minister.

Madoff, Talansky, Merkin, Olmert, Netanyahu, Adelson, one-time top GOP lobbyist Jack Abramoff and his associate Adam Kidan, Rahm Emanuel, and all their comrades in Washington, Tel Aviv, Jerusalem, London, Ottawa, and Paris brings to mind the Hebrew saying -- ba'al ha'mea ba'al ha'dea -- or "the one with the money calls the shots" or even more telling, "he who has the gold makes the rules."


And meet the NEW MOB, folks!!


After Friedman’s book was published, Russian Jewish Mafia leaders put a bounty on his head.

"The Russian Mafiya is into everything from Wall Street to African diamonds... It has compromised governments and threatens the integrity of world banking."

"Sometime in the '90s, the number of Russian mobsters in New York surpassed the head count of all five (Italian) famiglias combined." ( Books "Red Mafiya: How the Russian Mob Has Invaded ...)


"If Marc Mukasey, The Attorney General's son, can be the lawyer for Madoff's top executive Frank DiPascali via his firm Bracewell & Giuliani in New York, and if Madoff turns out as laundering for the Russian mob and drug cartels, then how in the world could Marc have avoided turning them in?" (Euddoggwyn's World: MADOFF AND THE RUSSIAN MAFIA?)

B. Wherever you look in the world, you find organised crime.

Bernie Madoff made $50 billion disappear.

Madoff may have links to the Mafia.

(Was Bernie Madoff a Mafia Front? - Jon Taplin’s Blog)

The Bush family are alleged to be linked to criminal activities (Blueprint for World Domination).

C. Michael Collins Piper, at American Free Press, December 2007, writes about ' rudy giuliani godfather of the russian mob'

According to Piper:

Giuliani closed down the local, mainly Italian-American, mafias.

This allowed certain foreign mafias to take over.

These foreign mafias were mainly Jewish and mainly from Russia and Israel.

The NewYork tabloids praised Giuliani

The New York Post is owned by Rupert Murdoch, a supporter of Israel who is of partial Jewish descent.

The Daily News is owned by Mortimer Zuckerman, another pro-Israel hard-liner.

Sam Kislin is 'a Ukraine-born and now New York-based patron of Israel'.

Kislin is reportedly linked to high-ranking figures in the 'Russian' mafia.

Kislin raised more than $2 million for Giuliani’s intended bid for the Senate in 2000.

The initial base of operations for the Jewish (so-called 'Russian') mafia was the Brighton Beach area in Brooklyn.

Giuliani 'looked the other way'.

Robert I. Friedman wrote in his book Red Mafia that 'one of the leading figures' in the Jewish mafia, Shabtai Kalmanovitch, was also working for Mossad.

Friedman pointed out that 'Russian mafia' figures, such as Joseph Kobson, have links to Likud in Israel.

Friedman wrote: "With two decades of unimpeded growth, the Russian Mafiya has succeeded in turning Israel into its very own 'mini-state,' in which it operates with virtual impunity.

"Although many in international law enforcement believe that Israel is by now so compromised that its future as a nation is imperiled, its government, inexplicably, has done almost nothing to combat the problem."

Friedman suggested that U.S. law enforcement has done little to counter the 'Russian' mafia.

The reason, Friedman said: "A large part of the problem was political: the Russian mob was predominantly Jewish."

Patrick Cotter, a top Justice Department prosecutor, reportedly said that while the FBI had squads targeting the Italian-American mafias, there was no squad targeting the 'Russian' mafias.
The Russian-Jewish mafia is 'protected by the most powerful political force in the United States today: the Jewish lobby, represented by such groups as the Anti-Defamation League (ADL) of B’nai B’rith, a documented arm of Israel’s intelligence service, the Mossad, as well as the American Jewish Congress and the American Jewish Committee.

'The mass media, largely controlled by Zionist interests, has also redirected attention away from these elements.'

Osama on the far right, is reported to have worked for the Russian Jewish mafia.

Okay, let's give the MAFIA PAPERS ONE MORE CHANCE!

"Mass. financiers on Madoff client list; File shows many state connections" by Beth Healy and Casey Ross, Globe Staff | February 6, 2009

Accused swindler Bernard L. Madoff's customers include some of the most successful business executives and financiers in Massachusetts, from a cofounder of technology giant EMC Corp. to buyout artists schooled at Bain Capital.

There appear to be hundreds of people, trusts, and companies from the Bay State who are current or past clients of Madoff, according to a list filed Wednesday in bankruptcy court in New York by the trustee appointed to oversee the liquidation of his investment firm. They include former Channel 5 television executive James Coppersmith; real estate magnate Gerald Schuster and his wife, Elaine; Howard Kessler, a financial executive who pioneered the use of affinity credit cards; and Allyn Levy, who once ran Patriot Bank.

Two on the list are Geoffrey S. Rehnert and Marc Wolpow, cochief executives of Boston private equity firm Audax Partners and former managing directors of the powerhouse buyout firm Bain Capital. Rehnert said Audax lost $6 million with Madoff, and that he and Wolpow also lost personal funds....

Yup, all poor Jew victims.

No investigation, no looking at the source of the scandal, just pablum.

Another is Roger Marino of Dedham, a founder of EMC Corp. and former co-owner of the Pittsburgh Penguins hockey team. Reached on vacation in Florida, Marino did not say how much he lost but called it "a lot of money." He said he had invested with Madoff for more than 10 years and described the scandal as "unfathomable."

"No one knew," he said. "There's no way you could have caught this guy."

Even though the SEC KNEW about him since 1960!!!

You know, when they SLING SO MUCH BULLSHIT it IS TOUGH to believe a word!

And where have I heard about EMC before, huh?

Related: The State Budget Swindle

(The level of dough shoved at Jews is astonishing, isn't it, people? Every time you turn around, more taxpayer money is being shoveled at Jews. And he's also part of the SPORTS SCENE, huh? Is there NOT ONE FACET of AmeriKan culture these blood-sucking parasites have not infected?)


The list does not include any mention of the sums investors had with Madoff.

Madoff has been charged with fraud and is under house arrest in his Manhattan penthouse. He is under investigation by the FBI and by state and federal securities regulators, who are trying to untangle a scheme that involved thousands of customer accounts across the globe.

Nationally, Madoff's alleged $50 billion Ponzi scheme ensnared Hall of Fame pitcher Sandy Koufax, actors Kevin Bacon and John Malkovich, a company linked to deceased singer John Denver, and TV talk show host Larry King, whose trust is listed as being run by a Waltham accountant.


The 162-page document includes thousands of names and was assembled by a company hired by bankruptcy trustee Irving Picard to serve as a mailing list for soliciting claims on the assets of Madoff's firm. However, the list appears to be a catchall that does not distinguish between current and former investors.

For example, one Brookline woman said she and her husband had not invested with Madoff for 20 years. Records also show that at least one person on the list is dead. Numerous financial and legal advisers, named because they received account statements on behalf of clients, are listed with corporate names that are out of date. And Cablevision Systems Corp. of New York said it should not have appeared on the list at all.

Secretary of State William F. Galvin, who is investigating Madoff losses among Massachusetts investors, said, "The condition of the list is kind of shocking."

It could well be that the man who allegedly ran a vast con - producing fake account statements with trades that never happened - was not keeping the tidiest of customer lists.

Yup, it COULD BE, IF, MAYBE....

What ZIONIST HORSESHIT!!!!!!!!!!!!!!!!!!!!!!!!

Court filings say the list was compiled by culling Madoff's customer records, and adding people who contacted the trustee in recent weeks. Picard did not respond to a request for an interview yesterday.

Brandeis University appears on the list, but the school insists it has no direct investment with Madoff. The Waltham institution, suffering its own financial problems, has been rocked by the Madoff scandal, as a number of its wealthy donors lost millions. But it got on the trustee's list, a Brandeis spokesman said, because the school "routinely receives gifts of securities from donors' brokerage accounts."

Yup, the MOST IMPORTANT COLLEGE in the WHOLE WORLD -- according to this piece of shit-puke Zionist War Daily!!!!!!! Well, FUCK BRANDWEISS!!!!!!!!!

Some people on the list lost large portions of their savings.... Allyn Levy, 80, who ran the Patriot Bank in Boston before it merged with the Bank of New England in 1987, and his wife, Judith, have been major fund-raisers for Beth Israel Deaconess Medical Center. They are part of the Palm Beach, Fla., community that was deeply ensnared by Madoff. Their 6,300-square-foot Palm Beach home is currently listed for sale for $6.5 million.

Levy, reached in Palm Beach, declined to comment.

Other major Boston philanthropists, the Shapiro family and the Jaffes, are listed multiple times on the trustee's compilation. As previously reported, Carl Shapiro's family foundation lost about $145 million with Madoff, and he lost hundreds of millions more in personal funds.

Yeah, check out the JEWISH NEPOTISM in the "charity!"

Shapiro was a longtime friend of Madoff. Robert Jaffe, Shapiro's son-in-law, is a broker who helped wealthy investors gain access to Madoff's investment funds. Jaffe and Shapiro have both said, through spokespeople, that they were as stunned by the scandal as anyone.

The list also includes many private individuals and trusts represented by a number of prominent Boston financial and legal advisers to wealthy families, including Mellon Financial, Mintz Levin Financial Advisors, and Bingham McCutchen.

Mintz Levin said it had a client who had funds with Madoff. Bingham McCutchen declined to say whether it had advised clients to invest with Madoff. "Beyond confirming that we have clients who have various involvements with the Madoff situation, we cannot comment because of attorney-client confidentiality," said Claire Papanastasiou, a spokeswoman for the Boston law firm....


I think my point has been made, but just in case, see

Zionist AmeriKan MSM Getting Defensive Over Madoff

The MSM's Madoff Investigation

Then again, what else should I expect, right?