JEWISH. INDEPENDENT. NONPROFIT.
This article by Reuven Blau was originally published on Jul 22 at 11:37pm EDT by THE CITY. Bernie Madoff, who got rich running a New York-based Ponzi scheme that lost $64.8 billion, ended his days earning only 24 cents an hour for orderly work in federal prison, documents obtained by THE CITY reveal. The mastermind…
Bernie Madoff is survived by his wife, Ruth — and the thousands of people whose lives he upended. The effect of the disgraced financier’s machinations rippled. Jewish non-profits reeled when the Ponzi scheme came tumbling down. Fortunes and more modest savings were lost, and so were the jobs of many who worked for Jewish institutions. Victims…
When Bernie Madoff was arrested in December of 2008, the panic in the Jewish philanthropic world was palpable. “We are shocked at this revelation,” Yeshiva University said at the time to the Jewish Telegraph Agency. It had lost $100 million. “This one just leaves me breathless,” Mort Zuckerman told NPR. He lost $30 million. “I…
On Wednesday, Bernie Madoff, made infamous by an enormous Ponzi scheme that caused devastation throughout the Jewish world, died in a federal prison at age 82. While Jewish tradition puts serious emphasis on honoring the deceased, the death of someone like Madoff, who caused tremendous pain within the Jewish community, is an emotionally fraught challenge…
It was more than a great idea. It was more than a couple million dollars. Of the many victims of Bernard L. Madoff, the Ponzi scheme mastermind who died in prison April 14, was a visionary entrepreneur: George Costanza, whose app, iToilet, directed its user via global positioning technology to the nearest acceptable public toilet…
Say what you will about Bernie Madoff, he made news. Given that his crimes had an inordinate effect on the Jewish world, the Forward was at the frontlines of much of the coverage. Here is a guide to some of our reporting on the infamous financier, who died in prison April 14 at the age…
A federal judge denied the infamous Jewish Ponzi scheme mastermind Bernie Madoff compassionate release from prison Thursday, confirming that he wants the financier to die behind bars. Judge Denny Chin, the same judge who signed off on Madoff’s 150-year sentence in 2009, said, “it was fully my intent that he live out the rest of…
(JTA) — Bernie Madoff has asked President Trump to commute his sentence. Madoff, 81, filled a request with the Justice Department between one and three months ago, The Hill reported. The Justice Department’s website lists the request as “pending,” and says it is updated to July 1. The request is for clemency, not a pardon….
