Bernard Madoff

Madoff Says His Scheme Was Not Betrayal Of The Jews

03/21/2014

Ponzi schemer Bernie Madoff said in a prison interview that he does not feel he “betrayed the Jews.”

Picower Estate to Return $7 Billion Made in Madoff Scam

12/17/2010
JTA

NEW YORK (JTA) -- The estate of one of the largest beneficiaries of Bernard Madoff’s multibillion dollar Ponzi scheme, Jeffrey Picower, has agreed to return $7 billion to Madoff’s victims.

The figure is the difference between the amount of cash that Picower, a Jewish investor, put into his account with Madoff and the amount that he withdrew, The New York Times reported. The deal was set to be announced at a news conference on Friday.

Hadassah to Pay Back $45 Million of Madoff Gains

12/09/2010
JTA

NEW YORK (JTA) -- Hadassah: The Women’s Zionist Organization of America will pay back $45 million of the money it made in the Bernard Madoff scam.

Hadassah President Nancy Falchuk in a letter Thursday told the organization’s supporters of the settlement reached by the group with the trustee of Madoff’s estate..

American Jewish Congress, 1918-2010

07/20/2010
Editorial

News this week that the American Jewish Congress has suspended activities due to financial problems is depressing, though not unexpected. The once-proud organization, founded in 1918, and long the voice of liberal Jewish activism, lost much of its distinctiveness in recent years. As its membership declined and staff was reduced, it played a diminished role in domestic affairs, though remained known for its expertise on church-state issues.

American Jewish Congress Suspends Activities

07/18/2010

(JTA) -- The American Jewish Congress has suspended its activities after running out of funds.

The suspension of the venerable Jewish-American advocacy organization's activities, confirmed to JTA on Sunday by acting co-executive director Marc Stern, comes after months of rumors that the organization was on the verge of collapse after losing most of its endowment in the Bernard Madoff Ponzi scheme.

As of Sunday afternoon there was no mention of the suspension on the AJCongress website.

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