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Saturday, February 28, 2009

The ultimate shandeh far di goyim
Posted by Jill | 8:18 AM
Leonard Abess and Marty Samowitz may be two great guys. But Bernie Madoff is the Jewish guy they'll remember. You have to be a particularly egregious kind of scumbag to wipe out the foundation of a Holocaust survivor:
Nobody knows depravity like Elie Wiesel knows depravity.

And does he ever see it in Bernie Madoff.

Wiesel, whose charitable foundation was wiped out by Madoff, has until now mostly kept quiet about the alleged $50 billion Ponzi scheme. But today, the Holocaust survivor and Nobel Peace Prize recipient spoke passionately about his betrayal by Madoff, whom he referred to variously as "a crook, a thief, a scoundrel," as well as a "swindler" and "evil."

Wiesel acknowledged that in addition to having lost his foundation's assets, he lost his personal wealth to Madoff. "All of a sudden, everything we have done in forty years--literally, my books, my lectures, my university salary, everything—was gone," he said during a panel discussion hosted by Condé Nast Portfolio.

His foundation, the Elie Wiesel Foundaton for Humanity, lost substantially all of its $15.2 million in assets to Madoff; including his personal investments, total losses may be as high as $37 million. "We gave him everything, we thought he was God, we trusted everything in his hands," Wiesel said.

Moure about the Elie Wiesel Foundation for Humanity here.


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Blogger Melina said...
Madoff is a sociopath. I cant figure any other explanation for this.
I do hope they can find the money...if its hidden somewhere, I hope that at least some of it can be found....Elie Wiesel's foundation?...come on! There has to be some honor among thieves, and that is really over the edge.
I hope that other foundations rush to his aide and replace at least some of the missing funds.
Wiesel should not finish his life destitute because of the likes of Madoff.

Anonymous Anonymous said...
As sorry as I am for his personal loss I have to wonder why he was so stupid as to place all his assets with Madoff. Did he also hear Madoff's siren song of greed... And I doubt other foundations will rush to his aid. They have their own problems meeting budgets and fundraising needs in this economy. I think Wiesel's donors have a case to ask for accountability of Wiesel and the Foundation's Board of Director's financial decisions.

The Picower Foundation was also wiped out by Madoff and has ceased operations. Picower also had all its assets with Madoff. There are a lot of non-profit organizations which now have to replace the contributions they may have gotten from Picower and the Madoffs themselves.