Hey, why not give them what they love most (well, second-most; I'd say the thirst for Palestinian blood and land tops it).
Where do you think all the money went?
Also see: Madoff, Mossad and the AmeriKan MSM
"Galvin seeks to shut down firm with Madoff ties
Bernard L. Madoff's wife, Ruth Madoff, withdrew $10 million from a brokerage account on Dec. 10, the day before her husband was arrested for allegedly conducting a $50 billion Ponzi scheme, according to a complaint filed today by the Massachusetts Securities Division.
A few weeks earlier, on Nov. 25, Ruth Madoff allegedly withdrew $5.5 million from the same account, held at Cohmad Securities Corp., a brokerage part-owned by Bernard Madoff that the Securities Division is looking to shut down in Massachusetts.
The complaint alleges that the relationship between Cohmad and Madoff Investment Securities is "deeply intertwined," and that Madoff sent payments to various brokers who raised money for him through Cohmad. The state, in its administrative complaint, said it was seeking to revoke the Massachusetts license of Cohmad Securities, a brokerage that helped raise funds for Madoff, for failing to cooperate with an investigation of the firm.
Over the past eight years, the complaint states, Madoff Investments made monthly payments to Cohmad that appear to add up to more than $67 million. The money appears to have come from investors who had invested with Madoff through Cohmad, according to the complaint. Those payments constituted more than 84 percent of Cohmad's total income in that time.
Madoff's lawyer had no immediate comment.
According to the complaint, payments from Madoff Investments to Cohmad included about $526,000 for Sonja Kohn, a banker in Vienna who referred clients to Madoff. The $67 million does not include commissions paid to broker Robert M. Jaffe, according to the complaint, because Cohmad did not respond to requests for that information from the Securities Division.
Jaffe - a member of the wealthy Shapiro clan, major philanthropic donors in Boston and Palm Beach, Fla. - appeared under subpoena before the Securities Division last week but invoked his rights under the Fifth Amendment, declining to answer any questions about his business, Cohmad, or his connection to Madoff Investments, according to the complaint.
Jaffe's spokesman could not be immediately reached for a comment.
The Massachusetts Securities Division, which is overseen by Secretary of State William F. Galvin, alleged that Cohmad demonstrated a "broad-based refusal" to respond to the Division's subpoenas for information and interviews. Marcia Cohn, president the company and a daughter of Cohmad co-founder Maurice Cohn, also was subpoenaed by Galvin's office and declined to appear. Maurice Cohn refused to appear as well.
"Specifically, the Division sought to determine whether the businesses and finances of Cohmad and Madoff Investments were so intertwined that they could be viewed as a common enterprise, and not as separate entities, for purposes of imputing liability and obtaining investor relief," the complaint says.
In a regulatory filing, Madoff is listed as a director of Cohmad and an owner of 10 percent to 25 percent of the equity in the firm. Madoff's brother, Peter Madoff, who is chief compliance officer of Madoff Investments, also is a director and owner of between 5 percent and 10 percent of Cohmad.
Several Madoff-related people maintained Cohmad brokerage accounts, including Ruth Madoff and the Madoff Family Foundation, the complaint says. Cohmad Securities is based in the same midtown Manhattan office building as Madoff's firm, and used to have an office on Commonwealth Avenue in Boston's Back Bay.
In New York, Cohmad subleased its Third Avenue office from Madoff Investments and paid Madoff for electricity, telephone and technical services. The complaint seeks an accounting of all Massachusetts investors Cohmad referred to Madoff's company, and all the fees it earned doing so. The state is also seeking an undisclosed fine....
--source--"Paper write-up the next day:
"Madoff's wife pulled $15.5m from account; Withdrawals in weeks before husband's arrest" by Beth Healy, Globe Staff | February 12, 2009
Ruth Madoff, the wife of accused swindler Bernard L. Madoff, withdrew $15.5 million from a brokerage account in the weeks before her husband's arrest, according to a complaint filed yesterday by the Massachusetts Securities Division. She withdrew $10 million of those funds on Dec.10 - the day Madoff's sons turned him in to authorities for allegedly running a $50 billion Ponzi scheme.
What is alleged about a confession and a hush-hush guilty plea bargain ?
WHY does the ZIONIST-CONTROLLED MSM keep saying ALLEGED when the guy has CONFESSED?
The brokerage account was in Ruth Madoff's name at Cohmad Securities Corp., a firm that is part owned by her husband and whose business was to bring investors to Bernard Madoff's New York investment funds, according to the complaint. Cohmad's Boston office was run by broker Robert M. Jaffe of Weston, according to the complaint. The firm is based in the same midtown Manhattan office building as Madoff Investment Securities.
Related: Jaffe the Jerk
While there has been wide speculation about who may have known about Madoff's scheme, including family members and employees, this is the first time Ruth Madoff's name has officially surfaced as part of an investigation.
When? Where? I'd have posted it, and it's COME FROM the BLOGS, not you, Globe! You have been SAWING the JEWISH VIOLIN and COVERING IT UP every since.... and I'm getting the feeling that's what is happening again.
Madoff has told authorities that he acted alone, but Massachusetts Secretary of State William F. Galvin, who oversees the Securities Division, said that claim is not credible based on his Cohmad findings. And, he said, the timing of Ruth Madoff's brokerage withdrawals raises questions. "We can't let Mr. Madoff sail off with this little story about how it all happened," Galvin said....
Then stick with it, Bill -- and hire a couple of security guys you trust.
Galvin's complaint seeks to strip Cohmad of its license to do business in Massachusetts for allegedly failing to cooperate with his investigation and calls the relationship between Cohmad and Madoff Investment Securities "deeply intertwined."
Over the past eight years, Madoff Investments made payments of more than $67 million to Cohmad, the complaint alleges. Most of the payments were to compensate brokers for directing investors to Madoff. One such payment, for $526,000, went to Sonja Kohn, the high-profile Vienna banker who referred clients to Madoff and went into hiding after Madoff was arrested....
In a regulatory filing, Madoff is listed as a director of Cohmad and an owner of 10 to 25 percent of the equity in the firm. Madoff's brother, Peter Madoff, who is chief compliance officer of Madoff Investments, also is a director and owner of between 5 to 10 percent of Cohmad. Jaffe used to hold a 1 percent stake in Cohmad but sold it in February 2008, according to his spokesman.
Martin Murphy, a lawyer for Cohmad, said no one at the firm knew about Madoff's scheme. He also said no investors from Massachusetts were placed with Madoff directly by Cohmad. If true, that would mean Jaffe had an independent relationship with Madoff. Jaffe's spokesman could not be reached last night on this matter.
We still got suckered.
Cohmad no longer maintains a Boston office. The firm is still licensed to do business in New York....
Hey, why not?
Jaffe appeared under subpoena before the Securities Division last week but invoked his Fifth Amendment right against self-incrimination, declining to answer any questions about his business, Cohmad's business, or his connection to Madoff Investments, according to the complaint. Jaffe is married to a daughter of Carl and Ruth Shapiro, major Boston philanthropists and longtime Madoff clients whose family and foundation lost at least $400 million.
Guy is a grade-A, Zionist asshole prick, to wit:
"In an October board meeting, when the university's financial chief was discussing growing losses in the Brandeis endowment, Shapiro grilled her about the poor performance, according to two people who were briefed on the meeting but wanted to remain anonymous because they weren't authorized to speak publicly. He was clearly frustrated by the investment losses, and was asking whether the university should fire the managers responsible.
Little did Shapiro know that his own investment manager was not just losing money in the market downturn, but allegedly swindling him and thousands of other investors.
What CHUTZPAH!!!!
It's a subject the Shapiros have not yet wanted to talk about. Their names are etched in the stone of academic and medical buildings across Boston, and their pictures have been taken at countless galas in Boston and Palm Beach, Fla. But they are highly private people, especially now.
Their daughter Rhonda "Ronny" Shapiro Zinner is president of the foundation. She's an overseer at the Museum of Fine Arts and a well-known figure in philanthropic circles. She is married to Michael J. Zinner, chief of surgery at Brigham and Women's Hospital.
Yeah, THEY are HELPING US ALL!!!!
And she's tough: Three summers ago, she took a foul ball hit by the Yankees' Derek Jeter to the head as she sat behind home plate at Fenway Park - and made light of it, despite needing stitches. Then too, she was embarrassed by the spotlight - the TV replays, the media coverage.
Yeah, those Jews are tough, boy! Can grind a defenseless, starving, suffering Palestinian right into the ground!
Seriously, THIS is a NEWS REPORT -- a FRONT PAGE FEATURE?????
Her sister, Ellen Jaffe, also is well known in the nonprofit world and is an MFA trustee. Jaffe is married to Robert Jaffe, an investment broker who helped raise money for Madoff and who says that he, too, was duped in the scandal.
Oh, YOU GOTTA BE KIDDING?!!!
That REEKS of INCEST, doesn't it -- as the generous Jews HELP US ALL!!!!
The third sister, Linda Waintrup, is also active at the MFA and the Huntington Theatre Company. The Shapiro foundation is hoping it can offer new grants in 2010, but is making no promises.... The Shapiro family declined to be interviewed for this story.
Oh, so this was a GLOBE CERTIFIED PUFF PIECE!!!!
Covering uop for the Jewish mob family of Boston.
--more--"
Okay, back to today's dreidel drivel:
Jaffe's lawyer, Stanley Arkin, said he had advised Jaffe not to respond to the division's questions because Jaffe "was a victim of Madoff's fraud and had no knowledge of the scheme." Arkin also said Galvin didn't give Jaffe enough time to prepare for "such a broad-ranging inquiry."
Bull-oney!!! He's a CONDUIT and BENEFITED FROM IT!!!
That's why he was "sick."
Jaffe, 64, who spends the winter in Palm Beach, Fla., did not appear at two earlier scheduled hearings, initially citing health problems. The complaint says he was hospitalized for heart pain.
Ah, the poor, poor Jew! Obviously I am mocking them; they deserve it for this crap. Imagine if a Muslim looted us (provided he wasn't an "Al-CIA-Duh" agent of some kind); they papers would call for him to be strung up by his balls!
Marcia Cohn, president of Cohmad and a daughter of the firm's cofounder, Maurice Cohn, also was subpoenaed by Galvin's office and declined to appear. Maurice Cohn refused to appear as well. Murphy, who also represents the Cohns, said they didn't know about Madoff's alleged fraud.
The $67 million in payments to Cohmad does not include commissions paid to Jaffe, according to the complaint, because Cohmad did not respond to requests for that information from the Securities Division.
Whether the government will seize the funds Ruth Madoff, 67, withdrew from Cohmad depends on where she originally obtained the money. Under New York law, if the money is her own, she may be able to keep it, said Richard Strassberg, an attorney at Goodwin Procter. But if it came from her husband, she could lose it, he said....
Oh, I'm sure she will.
It is not known whether Ruth Madoff made regular withdrawals from the account.
Why not? Government has all this spy power and certainly business records in fraud cases are to be investigated?
In addition to Ruth Madoff, other individuals and entities linked to Madoff maintained Cohmad brokerage accounts, the complaint says, including the Madoff Family Foundation. It could not be learned yesterday whether the Madoffs have additional money at Cohmad....
Pfft!
On Dec. 9, Madoff reportedly told his brother Peter of the fraud that had claimed billions of dollars in customer funds. The next day, Dec. 10, authorities say, Madoff told his two sons, who turned him over to the FBI that night. Madoff has been under house arrest in his New York penthouse.
Then why the ALLEGED, ACCUSED garbage.
So we will feel SORRY for the JEWISH SWINDLER and DOUBT his GUILT!??
HE CONFESSED!!!!!!
The scheme ensnared thousands of investors, from the ordinary to the rich and famous - including talk show host Larry King and actor John Malkovich, and the charitable foundation of Elie Wiesel. Two months after the fraud came to light, many questions remain unanswered and investors are still stunned at the depth of their losses....
Awwwwwwwww.
Oh, yeah, we took a bit of a poop-poke here at home (despite what the above article intimated)!
"Pension fund fires 2 money managers; State cites lack of due diligence, weak returns in letting companies go" by Ross Kerber, Globe Staff | February 4, 2009
The Massachusetts state pension fund fired two money managers yesterday for poor performance, including one that had lost $12 million investing with accused swindler Bernard L. Madoff.
Austin Capital Management, which had managed $170 million in state retirement funds, was fired after it lost $40 million, including the money invested with Madoff and $28 million from market declines. The state withdrew its remaining $130 million from Austin, which runs a "fund of funds," a middleman that takes investors' capital and spreads it among other money managers, including hedge funds.
Executives with Austin Capital did not return messages yesterday.
Pension officials also fired Ivy Asset Management, another fund-of-funds company, which had managed $430 million of state money, citing poor investment returns and turnover among executives. Ivy didn't return a call seeking comment....
Austin had channeled some of the state money to another firm, Rye Investment Management, which in turn invested huge sums with Madoff. But Massachusetts determined Austin failed to perform due diligence because it had not physically visited Madoff's operations since 2005, despite a promise to visit once a year, according a state memo outlining the changes.
After peaking at $53 billion at the end of 2007, the state pension fund has suffered heavy losses in the meltdown that swept financial markets last year, and is now at $38 billion. That drop cost Massachusetts its high ranking among big investment funds. It is now in the bottom 25 percent of institutional investors with more than $5 billion under management, according to Wilshire Associates of Chicago.
State Treasurer Timothy Cahill has pushed to invest in hedge funds. Pension fund director Michael Travaglini said he had reviewed all the hedge funds still managing state money and none had the unusual arrangements that Madoff had in which he directly had custody of customers' assets.
Oh, THAT GUY!!!
The state pension fund loses $1 billion dollars -- which still didn't stop the executive director from carving himself a nice "$64,000 bonus on top of his $322,000 annual salary."
Related: The Massachusetts Piggy-Bank
Mass. Workers Pension Takes it in the Fannie, Freddie!
Mass. Pension Fund Loses $16 Billion
Overall, Massachusetts performed worse than its peers because of its heavy exposure to foreign stocks, which fell sharply last year....
Yup, DEMOCRAPS PLAYING WITH OUR MONEY!
--more--"
Want one final kick in the head, Mass. taxpayer?
"In June 2008, a bill was passed by the Legislature to invest $1 billion to boost the life sciences industry in the state. One section of the bill states that the Massachusetts Life Sciences Center must collaborate with Israel to establish a trade and incubator facility in Israel to foster collaboration between Mass., Israel and the Boston Haifa International Life Sciences Institute and other organizations working with Israel."
Hollywood, biotech, Madoff.... all roads lead to Izrael!
And here is what I mean about wanting the blood (a slowest day of the week Saturday special, too!):
Smoke rose in Rafah, in the Gaza Strip, after an airstrike by Israel yesterday close to the Egyptian border. (Eyad Baba/Associated Press)
"Hamas, Israel at odds on cease-fire status; strikes continue" by Ethan Bronner, New York Times | February 14, 2009
Then Israel must not want one as the bloggers are saying.
JERUSALEM - Hamas officials said yesterday that an announcement of an 18-month cease-fire with Israel was days away and would include a substantial opening of Gaza's borders with Israel in exchange for an end to Hamas rocket attacks on Israeli southern communities. But a senior Israeli official said nothing had been agreed on.
Meanwhile, rockets were fired into Israel yesterday, causing no injuries.
Oh, the FALSE FLAG STENCH of it all!!!!!
Hours later, Israel retaliated with an airstrike that killed a man and critically wounded another near the Gaza town of Khan Yunis, Palestinian security officials said. The dead man was a member of the small, violent Popular Resistance Committees group. The Israeli military, confirming the strike, said the men were planning an attack on Israel.
And the STENCH GROWS! I'm not going to start ripping into the slanted Zionist MSM today. It's always Israel retaliating, blah, blah, blah. Talk about being tired of the same old song and dance.
The Khan Yunis strike was followed by air attacks on what the military said were six weapons-smuggling tunnels under the Gaza-Egypt border. The military said "secondary explosions" were observed at some of the sites, a phrase used to indicate that arms or explosives were stored there.
Yeah, and the LYING NaZionisy military has ALREADY SHOWN with the ATTACK on the U.N. SCHOOL that IT LIES!!!!!
Related: Israel Admits it Lied to U.N.
Israel Lied to the World About School Massacre in Gaza
A spokesman said the strikes were in response to the earlier Palestinian attacks. There were no reports of Palestinian casualties in the raids on the tunnels.
Did the APOLOGETIC ZIONIST PRESS even bother to ASK or LOOK?
Israeli aircraft struck again before midnight, Palestinian officials said, hitting a field north of Gaza City used as a launch site for one of the earlier rocket attacks and a carpenter's shop in the Jabaliya refugee camp where a man suffered moderate injuries.
Oh, they WAILED a REFUGEE CAMP, huh?
The TRUTH TRANSLATION of all this is: ISRAEL went on a RAMPAGE LAST NIGHT when NO ONE WAS WATCHING!!!! The AmeriKan tv was all plane crash and stimulus!!!
The Israeli military, however, said both airstrikes hit weapons-producing workshops in Jabaliya.
Well, FUCK the lying NaZionist bastards!!
Israel and Hamas had a six-month cease-fire mediated by Egypt starting in June, but it was repeatedly violated and after it ended, Israel launched a three-week air, land, and sea assault on Gaza aimed at stopping the rockets and weakening Hamas. Some 1,300 Palestinians were killed and thousands of buildings and homes destroyed. Thirteen Israelis, including three civilians, also died....
--more--"
That whole accounting by the Jew York Times is so slanted and biased it is hard to even break down for analysis.
First of all, it was ISRAEL THAT VIOLATED the TRUCE and DOES SO on a DIALY BASIS for, oh, the LAST 60 YEARS with their ABOMINABLE WAR CRIME of OCCUPATION; howevere, notice how ISRAELI CIVILIANS are CITED among the DEAD but NOT PALESTINIANS (including many women and children).
