“A LEADING MEMBER OF NEW YORK’S ORTHODOX JEWISH COMMUNITY has been charged with channeling $2.4 billion of clients’ money into Bernard Madoff’s Ponzi scheme,” reported Times Online on April 6, 2009.
Managing partner of Gabriel Capital Group and former chairman of GMAC finance company, Ezra Merkin, sitting on the boards & managing the money of New York’s Yeshiva University, Congregation Kehilath Jeshurun of New York, and the Ramaz School of Manhattan, was charged with collaborating with Bernard Madoff in his infamous Ponzi scheme.
The New York civil suit accused Merkin of lying to clients about Madoff’s dominant role in his hedge fund and improperly collecting more than $470 million in fees — for simply handing his clients’ money to his Jewish co-religionist and co-fraudster, Bernie Madoff.
“We thought we were investing in Ezra,” said one official of a Jewish institution, “and now we find out that we invested with Madoff instead. We feel duped and outraged.”
In the 55 page complaint, one victim calls Ezra Merkin a “glorified mailbox” for Bernie Madoff – because all Merkin did was “deliver” investor funds directly into the Madoff Ponzi portfolio. View Entire Complaint.
SWINDLE HIS CO-RELIGIONISTS?
JEWISH INVESTORS IN EZRA MERKIN’S FUNDS included Yeshiva University, New York University (NYU), and New York Daily News — claiming they lost tens of millions of dollars through Merkin who channeled their money into Madoff’s Ponzi scheme.
Mortimer Zuckerman, the owner of New York Daily News and chairman of Boston Properties, filed his own lawsuit against Merkin alleging he was assured in over 20 meetings & phone calls with Merkin that $40 million of his money was invested in a diversified pool of assets, when in fact, it was concentrated with Madoff.
Merkin played a key role in managing funds for New York’s Yeshiva University, Congregation Kehilath Jeshurun, and the Ramaz School of Manhattan. All three have said they lost substantial amounts of money through investments with Merkin that ended up with Madoff. View Entire Story Here.
THE QUESTION IS, “Why would Ezra Merkin, a Talmudic Jew, versed in the “Ethics Of The Fathers,” (a Tractate of the Talmud), swindle his co-religionists? Like Merkin, every Orthodox Jew is required to read a portion of this Talmudic-Tractate, Ethics Of The Fathers, which is considered, “a handy guide to Jewish ethics.”
One of the most popular teachings from the “Ethics” is its definition of happiness: “Who is rich? He who is happy with what he has.” Apparently, Merkin was not happy with what he had, but wished to become happy from the possessions of his fellow Jews.
All told, the “tribal consciousness” of those who identify as Jews, is essentially a reactionary response to the Gentile world in which Jews consider themselves a superior entity. But when it comes to self-survival, Jews like Merkin and his synagogue-buddy, Bernie Madoff, will defraud & swindle even their own kind…
For More See: Madoff & The Return Of Shylock Click Here
Original source: http://www.realjewnews.com/?p=392