BREAKING NEWS: Hadassah to pay back $45 million of Madoff gains

 

From $40M to $227M!  Over 20% a year?

 

This validates a few theories about Madoff's "victims."

 

 +++

 

JTA News Alert

Dec. 9, 2010

Hadassah to pay back $45 million of Madoff gains

NEW YORK (JTA) -- Hadassah: The Women's Zionist Organization of America will pay back $45 million of the money it made in the Bernard Madoff scam.

Hadassah President Nancy Falchuk in a letter Thursday told the organization's supporters of the settlement reached by the group with the trustee of Madoff's estate..

The organization, which began investing with Bernard Madoff Securities in 1988 with a $7 million gift, deposited a total of $40 million in its Madoff accounts, and by April 2007 had withdrawn $137 million. The last account statement showed approximately $90 million at the time the fraud was discovered.

The $45 million is half of what Hadassah earned unwittingly in the scam. Hadassah with the settlement avoids a lawsuit by the trustee, Irving Picard, who already has sued a number of individuals, organizations and foundations that made money in the Madoff fraud.

"As painful as it is, this settlement is in the best interest of Hadassah," Falchuk wrote in the letter. "It allows us to put this chapter behind us, and move forward with our critical life-affirming mission. A charitable mission praised by the trustee for its philanthropic value."

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Being happy–is it good for the Jews? "Before Professor Dershowitz accused me of being an anti-Semite (news to me), I was a happy person. Since then, I'm still a happy person". –Michael Santomauro

An antisemite condemns people for being Jews, I am not an antisemite.--Michael Santomauro

Most of us are mentally trapped to think Jewish. Actually, it is safe to say that virtually every mainstream publication or or other type of media organ is "nothing more than a screen to present chosen views." The great battle over the last century has been a battle for the mind of the Western peoples, i.e., non-Jewish Euros. The chosen won it by acquiring control over essentially the complete mainstream news, information, education and entertainment media of every type, and using that control to infuse and disseminate their message, agenda and worldview, their way of thinking, or rather the way they want us to think. Since at least the 1960s this campaign has been effectively complete. Since then they have shaped and controlled the minds of all but a seeming few of us in varying degree with almost no opposition or competition from any alternative worldview. So now most of us are mentally trapped in the box the chosen have made for us, which we have lived in all our lives. Only a few have managed to avoid it or escape it, or to even sometimes see outside of it, and so actually "think outside of the (Jewish) box." --Michael Santomauro

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Peace is patriotic!

Michael Santomauro

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