0 votes

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


By Wayne Madsen
Online Journal Contributing Writer

Jan 14, 2009, 00:19

(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.”

Trending on the Web

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
fireant's picture


I still wonder what happened to the 2 trillion missing from the Pentagon that Rumsfield disclosed the day before 911. Considering all the agencies housed in WTC7, I suspect the level of theft would knock all our socks off. I've read, but have not had it confirmed, that the records involving the 2 Trillion just happened to be in the Pentagon where the plane hit. Maybe someone here can corroborate that little tidbit.

“It does not require a majority to prevail, but rather an irate, tireless minority keen to set brush fires in people's minds”
-Sam Adams

Undo what Wilson did

Think there is no Jewish conspirarcy?

Harry Markopolous testified that he warned Elliot Spitzer when he was attorney general of New York, that Madoff was running a Ponzi scheme. Not only did Spitzer do nothing about it, but he kept his own millions of dollars in the scheme. What part of 'Jewish Conspiracy' do you not understand?

How would Ron Paul respond to this comment?

I don't know. But I'll respond my own way.

I have one big part that I don't understand.

Conspiracy? Probably.

Involving people who are Jewish? Likely.

Involving *only* people who are Jewish? Less likely.

Involving Protocols of the Elders of Zion kind of Jewish Conspiracy? Shirley, you jest.

Unfortunately, the phrase "Jewish Conspiracy" is a highly tainted and emotionally bearing phrase with German Reich overtones and points to an Elders-of-Zion world view point.

You are free to share this viewpoint. There's no crime in being an idiot.

But it can generally assumed that if you come to this site, wielding those kinds of loaded phrases, that you are saying something that Ron Paul would be embarrassed to be associated with. Something shameful to put his name next to. Have you come here to shame him?

If you are here because you believe in this man and his message, then keep the race baiting at home or on another website where that sort of thing is more acceptable.



One more thing about conspiracy.

I just watched the C-span SEC investigation in Congress. In the interview of Harry Markopolos, besides trying to get the NY Att Gen (Spitzer) to investigate Madoff (he refused); he also went to THE WALL STREET JOURNAL. According to Markopolos, at first he had a senior reporter ready to do an interview leading to an article exposing Madoff. Markopolos then said 2 unnamed SENIOR EDITORS of the Financial paper refused (?!) to allow this reporter to go and interview Markopolos! They forbid the reporter from investigating fraud! Again, sure sounds like conspiracy to me.

Besides that, Markopolos was asked about 'due diligence' on the part of investors. He explained how easy it would be for ANY of these investors to check whether the actions reported on their monthly statements had any validity. Of the hundreds or thousands of investors NONE, apparently, ever checked any monthly statement once in all those years. That is a horrible statistical anomaly. Things like that don't happen; Unless you already know it is a bogus statement. Hmmmm... sure sounds like an awful lot of people knew what they were getting into was very shaky or even criminal.

If you have ever known rich people, it is a common trait that they are fanatical about checking their money and stingy about giving it out to 'pigs in a poke'. The behavior these investors are claiming (universal innocent and gross incompetence) is a fall back. Better to be called a fool than a criminal. I think they should all be hauled up before a tribunal. Not one of them should get any money back. This is one gigantic conspiracy.

Is he a Zionist???

If the answer is yes, then I will answer yes....

Is a frog's ass watertight? Do bears defacate in the woods?

..where you been hiding?

Hah if only

Birthright Israel lost its shirt and now it's unable to send jewish kids to Israel for free.

Don't Count on Jews Losing Their Shirts

There is something circulating around the internet saying that Madoff actually did transfer 50 billion or even up to 100 billion to bank accounts in Israel. One bank was named as, "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." as quoted in the article above at this website. The other article goes on to say that Madoff let it be known that none of the Jewish investor's money was gone. That they can draw on it in Israel.

In other words, it is all typical crocodile tears from 'poor Jews' who were probably part of the scheme to begin with. They are simply trying to throw suspicion off themselves. I say go for blood on all these traitors and thieves, be they Senator, Movie Mogul or little old Jewish lady. I think they are still trying to pull the wool over gullible American eyes. No mercy. They have no mercy for the Palestinians.

When this Madoff "thing" first broke in the news, that is

exactly what I was thinking. He probably sent all that money to Israel. The real question is whether the "victims" were part of the scheme.....we will probably never know.

~Your perception becomes your reality~

~Your perception becomes your reality~

there will be insurance claims

I wonder how many victims will actually be out money in the end.

Truth exists, and it deserves to be cherished.

Pay no attention to those Jews behind the curtain

"What do all these swindlers, caught in the last half year all have in common, and why are we to continue thinking 'that isn't relevant?"

Bernie Madoff 50+ billion, Arthur Nadel 300 million, Marc Stuart Dreier 380 million, Samuel Israel 450 million, Robert Rubin 122 billion. Robert and Isaac Toussie,

To which we can add...Michael Milken, Jack Abramoff, Richard Fuld, Andrew Fastow, and Marc Rich, (pausing to take a breath) and I could go on, but it becomes pointless after a while. I think the point is made. Cabal is rampant in the United States. Israel is making war on the rest of the world, but not bothering to inform any of us of this fact.

It's a shame because both of

It's a shame because both of my parents are Jewish, so I have to say that I'm Jewish (Even though I consider myself to be a Deist)... Anyways, it's scumbags like Madoff etc. that give the Jewish people a bad rep... I hope people on this forum don't generalize and categorize all Jews into one group...

Every religion has their fair share of greedy scammers... Judaism doesn't have a monopoly on corruption.

I just wanted to make that point.

Here's a link that explains why Ron Paul's message is better for Israelis, Palestinians, Americans, and the entire world. www.AmericansForIsrael.com

Damn right sean57!

Point should already be understood by anyone who comes here!

I'm sorry you felt that you had to make it.

Only dismally stoopid believe Madoff was running Ponzi scheme

I am tired of the propaganda industry in this country calling Madoff's act of Financial sabotage 'a ponzi scheme'. They have to think Americans are stupid! A Ponzi scheme has a built in implosion point. The clever operator (or even the stupid one) knows they have to be on the train out of town when the collapse happens.

Madoff was more likely engaged in financial sabotage - undeclared war on banks in Europe, ripping them off and sending the money through his pals 'charity accounts' to Israel. If this is so, then Israel has declared secret war on the rest of the world and it is time for the rest of the world to stop making excuses for these sleazy people in a sleazy nation.

More ADL ugly truth...

Madoff Moved The Money To Israel?
Amount May Be Closer To $100 Billion
From Mark Graffis

As more info comes in regarding the Madeoff scheme, news from several sources say that Madeoff and his clients were the largest bank account holders listed on a computer disk leaked by a Swiss bank worker regarding US persons with hidden Swiss bank accounts.

As the IRS approached him regarding the repayment of taxes from his hidden swiss account, Madeoff reportedly became admamant that his wealth would not be taxed by the US. He also realized that once the swiss records were exposed that his and his client's wealth were also within reach of seizure or judgement by a US court regarding past frauds of him or his clients.

Realizing that he was be certain to arrested on other securities and market making fraud issues in the near future, insiders say that it was at this point he made the decision to just say it was all lost in trading and move it directly to Israel. Insiders also report that he was ready to pay the taxes on the money in Israel but was adamant that taxes in the US would not be paid nor would any of the money be available for US court judgements in subprime, fraudlent trading and misrepresentation charges in the future.

Sources say that most of his and his clients wealth were gained through issuing subprime mortgages to unqualified borrowers and then tranching the mortgages into CDOs and circulating the CDOs among US pension funds including GM, GE, IBM and Califorina's State pension fund. Some of the wealth was also gotten through investments in Vegas housing sub divisions and Miami condo projects at the height of the real estate bubble.

Finally, sources say that the wealth from Madeoff's scam has been fully transfered to Israel and that "most if not all of the clients have been made aware" that their money is available to them in Israel and that it was felt that this was a necessary measure in protecting certain high level clients in the face of a collapse of the USA.

A European bank executive has said early this morning that the Banks involved in Madeoff's fund were exposed through loads and leveraging and that these loans will be repaid in full from Israel.

All of the charities involved have Israeli offices, so they also are of an understanding that their money is now available there.

Sources say that Madeoff has a base in Israel and that he will offer all clients his services there as a continuem to his services in New York.

Speculation has it that he is advising transfer of client's funds into physical gold holdings in coded safety deposit boxes. This advise jives with the notion that the money needed to be taken out of the US on fear of collapsing US dollar and seizure of funds by IRS and courts for frauds committed during the sub prime bubble.

The Swiss bank client leak has caused these banks to no longer be viable avenues for asset concealment.
Madeoff's clients are not just in the US. He has moved funds to Israel for clients in Russia, France, England and Swiss in the scheme in which he is involved.

Some insiders are saying the amount involved may be closer to $100 Billion.


"Give a man a gun, and he could rob a bank. Give a man a bank, and he could rob the world."

and so many more

when this entire racket is finally unraveled that i believe includes ponzi after ponzi scheme, we will all gasp at those that are involved- including our own SENATORS and CONGRESSMEN among others that are supposed to be defending The United States of America instead of using the UNITED STATES OF AMERICA corporation and federal reserve deceit to bankrupt this once and soon to be again AWESOME Nation.