American Bernard Madoff, embezzled more than 50 billion dollars. The scandal has hit hard thousands of people and associations around the globe, including Jewish organizations. Madoff was famous for his large and regular donations to Israel. In fact Madoff was charged with running a special scheme called “Pump and Dump”. Through this scheme he pumps the money from the system and dumps it out into another one. Some people including close associates claimed that he dumped the lost billions out from the system into Israel. Madoff himself pled guilty to 11 felony charges, which resulted in 150 years of prison sentence. But this should not be the end of the largest swindle in history ever committed by a single person. Was it an individual act or are there other strings in the scandal that need to be pulled? To be able to answer the question we need to look at the facts: • Madoff embezzled over 50 billion dollars. • Some of the documents in Madoff's trial were not made public. • The federal prosecutor failed to bring conspiracy charges against Madoff. • The US Securities and Exchange Commission (SEC) failed to act on several credible complaints from experts in the field. The most famous of which is Markopolos report sent to the SEC in 2005. It leaves no doubt that the US government is trying to protect somebody. Is the US government trying to protect their informants? Or is it protecting its own network? May be the place where the money was dumped (Israel) was not to be revealed? Disclosing the fate of the lost billions may have harmed American-Jewish relations and could have been detrimental to Israel's existence. We need to know the fate of the dumped billions of dollars. Israel should return all the donations made by Madoff as part of the seized assets.
