Ponzi scheme

Madoff, Five Years Later

No regrets about betraying Jewish clients, despite ‘affinity’ nature of crime.

Associate Editor

Sholem Aleichem, who lost his money in the Odessa stock market, used to say that when you’re rich, people think you’re not only clever but handsome, with a voice like a nightingale.

Madoff: Critics blast his comments in Politico interview. Getty Images

Madoff Says His Scheme Was Not Betrayal Of The Jews


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

Feds Arrest Lakewood Man Accused Of Bilking Orthodox Investors


A Lakewood, N.J., man accused in lawsuits of bilking Orthodox investors in New York, Florida London and elsewhere out of nearly $300 million through phony real estate deals was arrested Thursday morning by federal agents.

Eliyahu Weinstein, who was accused of running a Ponzi scheme, and some of his associates had been hit days earlier with a $34 million civil judgment by a federal judge in Pennsylvania.

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