Exposing Bias News Reporters

OMFG! N.Y. rabbi arrested in extortion case /

Posted in Jewish by just Me on February 20, 2010

N.Y. rabbi arrested in extortion case

Milton Balkany tried to extort $4 million from a Connecticut hedge fund by threatening to expose purported insider trading by the fund, federal authorities say.

Reporting from New York – New York’s insular ultra-Orthodox Jewish community collided with the area’s secretive and ultra-wealthy hedge fund industry, leading to the arrest of a politically well-connected rabbi on blackmail and fraud charges.

The rabbi, Milton Balkany, was arrested Thursday, accused of trying to extort $4 million from a Connecticut hedge fund by threatening to expose purported illegal insider trading by the fund.

this is the last thing the jewish community needs especially after madoff.

Nothing evokes vicious stereotypes about Jews more than Israel’s slaugther of the Palestinians

Posted in Jewish by just Me on December 26, 2008

Bernie Madoff pictures

 

Some Jews Fear Madoff Case Stokes Anti-Semitism

Nothing evokes vicious stereotypes about Jews more than and how highly-ranked, pro-Israel Americans ensure that dwindling taxpayer dollars are sent to prop up the travesty.

Sadly, there isn’t a peep about it around here or elsewhere in the mainstream media. but it’s not near the heat anyone on the left takes for simply stating the obvious – that apartheid Israel’s treatment of the Palistinians is immoral. Look what happend to Jimmy Carter for simply using the word “apartheid”.

About Jewish Madoff and “Bernard L. Madoff Investment Securities LLC”

Posted in Jewish by just Me on December 17, 2008

from:madoff.com A Global Leader in Trading US Equities
Bernard L. Madoff Investment Securities LLC is a leading international market maker. The firm has been providing quality executions for broker-dealers, banks, and financial institutions since its inception in 1960. During this time, Madoff has compiled an uninterrupted record of growth, which has enabled us to continually build our financial resources. With more than $700 million in firm capital, Madoff currently ranks among the top 1% of US Securities firms. Our sophisticated proprietary automation and unparalleled client service delivers an enhanced execution that is virtually unmatched in our industry.

Madoff Securities’ clients include scores of leading securities firms, banks and financial institutions from across the United States and around the world. The firm is a leading market-maker in all of the S&P 500 stocks as well as over 350 NASDAQ issues. The firm is known for its fine pricing as well as its ability to execute most orders in seconds.

Madoff Securities’ superior service is made possible by a sophisticated dealing staff backed by the securities industry’s most advanced technology. It is underpinned by the personal commitment of founder Bernard L. Madoff and his brother Peter B. Madoff, who is the senior managing director. Their dedication to providing quality executions has enabled the firm to become a leader in the US “third market,” which trades US listed equities away from the exchange floor. Madoff Securities is a registered US broker/dealer regulated by the Securities and Exchange Commission and the Financial Industry Regulatory Authority, Inc.

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An Intricate Interweaving of Advanced Technology and Sophisticated Traders
One of the critical ingredients in creating the added value which Madoff Securities offers its clients is the firm’s intricate interweaving of advanced technology and experienced traders. The firm’s position at the forefront of computerized trading is widely acknowledged in the US financial community.
Madoff Securities’ leading edge information processing technology means clients can choose to communicate their buy and sell orders to the firm’s trading room by electronically inputting them or by making a telephone call. In either case, once an order is received, Madoff’s systems scan prevailing prices in all markets to establish an execution price. Because this process may take only seconds, clients can receive immediate confirmation of their transactions.

Sophisticated computers are integral to every aspect of the firm’s activities, from executing trades to clearing and settling them, from monitoring prices to identifying trading opportunities around the world.

Madoff Securities also utilizes its computers to seek out opportunities for hedging its inventory of securities. The firm uses a variety of futures, options, and other instruments to hedge its positions and limit its risks. While these hedging strategies are an important tool in protecting the firm’s financial position, ultimately, these highly prudent risk management policies protect the interests of clients as well.

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At Madoff Securities, Clearing and Settlement are Rooted in Advanced Technology
The combination of quality and value that is inherent in every Madoff Securities transaction continues beyond execution. At Madoff , the clearing and settlement process is also rooted in advanced technology, which minimizes errors and maximizes efficient processing and rapid communications.
Madoff Securities is a full clearing firm and a member of all US clearing corporations and depositories. The firm’s highly automated clearing and settlement systems interface with the Depository Trust Company, the Options Clearing Corporation, and the National Securities Clearing Corporation, of which Bernard Madoff is a past chairman. The firm’s systems also interface fully with the systems of all major global custodians and clearing & Settlement systems.

Madoff Securities’ extensive network of relationships with other broker/dealers enables the firm to ensure timely delivery and settlement of all client transactions.

Moreover, Madoff Securities’ computerized transaction processing means that the firm can customize client reports and deliver them electronically in whatever format best meets the needs of clients.

IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.

What this means for you: When you open an account, we will ask for your name, address, date of birth and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.

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Sophisticated Disaster Recovery Facilities, Reflects the Attention to Every Detail

Madoff Securities has one of the most sophisticated disaster recovery facilities found anywhere in the securities industry. In addition to its offices in Manhattan, Madoff Securities maintains a fully equipped and staffed facility located near LaGuardia Airport. This office duplicates all of the features of the primary Madoff Securities offices. Madoff Securities’ disaster recovery facility is not just an alternative trading room, but rather a full-fledged office which is equipped to receive and transact orders and to handle the clearing and settlement process as well.
Under the supervision of a facilities manager, this unique on-line facility is tested continuously to ensure that it is prepared to take over the firm’s operations if any kind of disaster were to affect the Manhattan office. Members of the firm’s staff are rotated through the facility and regularly perform their work from it. Thus, there is always staff on hand in case disaster strikes at the firm’s main office.

The disaster recovery facility is on a different electric power grid than the main office, and it is served by a different telephone central office. The facility also has its own electrical generator.

Since this facility was created in 1992, it has been used as an adjunct to Madoff Securities’ main office, and it has not been confronted with a major emergency. But the existence of this facility testifies to the high priority the firm places on being available to meet the needs of its clients under all conditions.

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The Owner’s Name is on the Door
In an era of faceless organizations owned by other equally faceless organizations, Bernard L. Madoff Investment Securities LLC harks back to an earlier era in the financial world: The owner’s name is on the door. Clients know that Bernard Madoff has a personal interest in maintaining the unblemished record of value, fair-dealing, and high ethical standards that has always been the firm’s hallmark.
Bernard L. Madoff founded the investment firm that bears his name in 1960, soon after leaving law school. His brother, Peter B. Madoff, graduated from law school and joined the firm in 1970. While building the firm into a significant force in the securities industry, they have both been deeply involved in leading the dramatic transformation that has been underway in US securities trading.

Bernard L. Madoff has been a major figure in the National Association of Securities Dealers (NASD), the major self-regulatory organization for US broker/dealer firms. The firm was one of the five broker/dealers most closely involved in developing the NASDAQ Stock Market. He has been chairman of the board of directors of the NASDAQ Stock Market as well as a member of the board of governors of the NASD and a member of numerous NASD committees.

One major US financial publication lauded Bernard Madoff for his role in “helping to make NASDAQ a faster, fairer, more efficient and more international system.” He has also served as a member of the board of directors of the Securities Industry Association.

Reflecting the growing international involvement of the firm, when Madoff Securities opened a London office in 1983, it would become one of the first US members of the London Stock Exchange. Bernard Madoff was also a founding member of the board of directors of the International Securities Clearing Corporation in London.

Peter B. Madoff has also been deeply involved in the NASD and other financial services regulatory organizations. He has served as vice chairman of the NASD, a member of its board of governors, and chairman of its New York region. He also has been actively involved in the NASDAQ Stock Market as a member of its board of governors and its executive committee and as chairman of its trading committee. He also has been president of the Security Traders Association of New York. He is a member of the board of directors of the Depository Trust and Clearing Corp. He is a member of the board of the Securities Industry Association.

Bernard and Peter Madoff have both played instrumental roles in the development of the fully computerized National Stock Exchange. Peter Madoff has been a member of its board of governors and has served on its executive committee. They have helped make the National Exchange the fastest growing regional stock exchange in the United States.

These positions of leadership not only indicate the deep interest Madoff Securities has shown in its industry, they also reflect the respect the firm and its management have achieved in the financial community.

Is Bernard Madoff Jewish?

Posted in Jewish by just Me on December 16, 2008

Bernard Madoff is JEWISH

Is Bernard Madoff Jewish?

Bernard Lawrence ‘Bernie’ Madoff (born April 29, 1938) is a Jewish-American financier accused of one of the largest financial frauds in history.

Madoff was born in 1938 in New York City and is married to Ruth Madoff. He has homes in Roslyn, New York, Montauk, New York, and an apartment on Manhattan’s Upper East Side valued at more than $5 million. He also owns homes in Palm Beach and France and is a member of the Palm Beach Country Club. He owns a 55-foot fishing boat, named “Bull.”

Until December 12, 2008 he had been the chairman of Bernard L. Madoff Investment Securities LLC, which he founded in 1960. On December 12, 2008 he was arrested by the Federal Bureau of Investigation, acting on a tip-off from his son, and charged with fraud. Federal judge Louis L. Stanton has frozen Madoff’s assets, and appointed Lee Richards as receiver. The firm has been one of the top market maker firms on Wall Street, and also had an investment management business.

The “Ponzi Scheme” fraud is alleged to involve $50 billion and to have taken place over decades. To date it is the largest investor fraud ever attributed to a single individual.[5] Amongst others, Spanish, French, Swiss, and Italian banks have announced that they have lost over a billion U.S. dollars from the Madoff affair.

Madoff is also a prominent Jewish philanthropist. The freeze of Madoff’s assets has significantly affected a number of Jewish charities with major operations in Israel, one of which – the Lappin Jewish Foundation – had to close.

The Jewish Wall Street wizard Bernard Madoff and His $50 billion Ponzi Scheme

Posted in Jewish by just Me on December 16, 2008

bernard-l-madoff-is-jewish

Regulator Was Warned About Possible Fraud as Early as 1999 but refused to look at the details and the agency did not conduct even a routine examination of the investment business until last week.

Madoff’s business as a middleman, or broker-dealer, was subject to regular scrutiny by the SEC, including a routine examination in 2005

that identified some problems and a 2007 investigation that was closed without any further action. Madoff has been released on bail.

John R. Wing, known as Rusty, a lawyer for Peter Madoff Bernard Madoff’s son , said on Monday that investigators had advised Peter that he was a target in the case, and that he expected to cooperate with investigators.

Peter Madoff was the firm’s general counsel, while Andrew, 42, and Mark Madoff, 44, supervised the firm’s stock-trading desks, . Both have worked at the firm since their 20s.

Bernard Madoff told his sons that the trading was being done through European counterparties, according to several people familiar with the history of the firm.

The firm’s stock traders and other support staff worked on the 18th and 19th floors, where they were supervised by Peter, Andrew and Mark Madoff.