Chaim Saiman


The Long Arm of Halacha: Jewish Law and the Madoff Scandal

By Chaim Saiman

The Long Arm of Halacha: Jewish Law and the Madoff Scandal
The case against Bernard Madoff appears relatively straightforward. But the sheer magnitude of losses means that no individual claimant is likely to recover more than a few pennies on the dollar. As a result, hoping to recover a bit more of their investments, a number of affected parties have shifted attention from Madoff to managers of the so-called “feeder funds” that put the money into Madoff’s hands. The current debate is whether these fund managers knew what Madoff was up to and, if not, whether they should be liable for failing to uncover his scheme.Read More



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