The Madoff Affair
December 21, 2008
A Guide to the Perplexed Antisemite…
The thinking-man’s antisemite would be baffled what to make out of Madoff Affair. Should he rejoice or bewail? If you read Jewish newspapers, you’d think that “antisemites” – the vast majority of mankind, according to Jewish sources (“scratch a goy and you’ll find an anti-Semite”) – should be bursting with joy.
Bradley Burston enthused in Haaretz: “For the true anti-Semite, Christmas came early this year. The anti-Semite’s new Santa is Bernard Madoff. The answer to every Jew-hater’s wish list. The Aryan Nation at its most delusional couldn’t have come up with anything to rival this”. He is echoed by the execrable Lipstadt: “He is an antisemite’s dream. The worst of them could not have dreamt up such a story.” And the ADL confirms: “We expect the antisemites to have a field day. They will exploit it.”
One would think that Jewish mega-cheats are a rare species, like white ravens. This is hardly the case. Dr. William Pierce made his valuable observation some years ago: “Jews aren’t the only crooks, but they’re certainly the biggest crooks. If you hear about a 100-thousand-dollar swindle, it could be anybody. If you hear about a 100-million-dollar swindle, then you know that it has to be a Jew.” Even more so if we hear about a 50-billion-dollar swindle!
Pierce reminded his readers about Michael Milken, Ivan Boesky, Marty Siegel, Dennis Levine and the insider-trading scandal that nearly wrecked Wall Street a dozen years ago– and incidentally bankrupted tens of thousands of ordinary Americans who lost their investments as a result of the artificial manipulation of stock prices. Every major actor in that scandal was a Jew.
“Remember the enormous savings-and-loan catastrophe during the 1980s that ended up costing American taxpayers 500 billion dollars? A big part of the reason for the collapse of the savings-and-loan industry in the 1980s was the huge investments in so-called ‘junk bonds’ by so many savings-and-loan institutions. And the man behind the junk bonds –the financial genius persuading the savings-and-loans to buy them–was none other than Michael Milken.”
One can fine-tune Pierce: the big crooks and swindlers are not necessarily Jews but they are devoted to Jewish causes, be it the Holocaust cult or the Zionist cause. When it comes to charity, an American cheat, whether goy or Jew, does not care for poor Americans or for starving Africans. He gives his tithe to the Jewish cause. This was the case with Madoff. He contributed a lot to Jewish causes, so he had to be a swindler. (In “The Man Higher Up” from my book Pardes, I explain why).
So, why should the proverbial antisemite rejoice at Madoff’s fall, if it was as much to be expected as the morning dawn? Is it because there were “a number of prominent Diaspora Jews among the victims, including Nobel laureate Elie Wiesel, movie director Steven Spielberg, and real-estate magnate Mortimer Zuckerman”, as the Wall Street Journal reported?
James Petras thinks it should rather disappoint antisemites: “Madoff struck a severe blow against anti-Semites who claim that there is a ‘close-knit Jewish conspiracy to defraud the Gentiles’, laying that canard to rest once and for all. Among Bernard Madoff’s principal victims were his closest Jewish friends and colleagues, people who shared Seder meals and frequented the same upscale temples in Long Island and Palm Beach.” [An edited version of Petras’ article is appended below.]
This is also the view of Michael Hoffman: “Madoff’s enormous heist … undercuts a stereotype of the Jew-haters: that Jews are always …robbing gentiles and profiting communally from the rip-off. This is sheerest ignorance… Contrary to the received opinion, Judaism is not good for Jews. They may cheat the gentiles first, but sooner or later they’ll give each other a haircut too.” Hoffman goes even further and says, “The biggest victims of Judaism are not gentiles but Jews themselves.”
One hesitates to disabuse his noble heart. Though Hoffman’s generous statement certainly is correct in a deep spiritual sense, the Judaic strategy, in the medium-run, is a winning one in the practical sense. From bankruptcy to bankruptcy, from swindle to swindle, from one insurance fraud to the next — the aggregate wealth of the Jewish community permanently grows thanks to intra-Jewish philanthropy. Yes, Spielberg and Yeshiva University lost some cash in this debacle, but otherwise, billions of dollars came in and remained within the Jewish community. One may view Madoff as a Jewish suicide bomber: he blew himself up financially, and the immediate losses to a few Jewish investors were just so much collateral damage. But the bottom line was a major, permanent transfer of gentile wealth to the Jews.
As always, denunciations of antisemitism serve to cover up the hard facts. We hear of ruined Jewish investors, BUT the majority of Madoff’s fools were non-Jewish, correctly observed Peter Myers’ correspondent Leo Schmit from Kandahar, Afghanistan. “The majority of Madoff’s fools were non-Jewish individuals, banks, funds and firms. The claim that Jewish foundations are taking the ‘biggest hit’ is evidently not true. The harm to Jewish foundations is dwarfed by the damage done to numerous financial institutions, funds and firms as listed by Henri Blodget.” Besides, the Jewish American investors (as opposed to the European non-Jews and their banks) will get their investment back under the US government’s financial fraud protection scheme.
So, antisemites have no reason to rejoice. A Jewish crook is nothing new; a successful Jewish crook is nothing new, either. Jews did not lose, they won. Their complaints and regrets are as true as Madoff’s accounting. Dr Petras’ joy was premature, too, as he wrote: “The swindle may lessen funding for AIPAC’s purchase of Congressional influence and financing of propaganda campaigns in favor of a pre-emptive US military attack against Iran.” Not so fast, Jim! Even if some Jewish and Zionist organizations lost money, the total sum of Jewish holdings increased, and this new wealth will again find its way to the Zionist Lobby and other such bodies. Does this mean that nothing can be done about it? No. Where there is a will, there is a way.
While it would be unfair to confiscate the private funds of innocent Jewish individuals in compensation for the Jewish fraudsters’ misdeeds, the holdings of “the Jewish people” are fair game. Now these vast holdings are mortmain, as was Church property in the Middle Ages. Mortmain, or “Dead Hand”, means one can’t sue them. All losses are yours, while only the profits are theirs. Such a regime is too good to last forever. The Reformation would never have taken place but for the Dead Hand rule of the Church holdings. The princes finally had to expropriate the Church, otherwise it would have become too powerful and undermined their own economic dominion. Now is the time to deal with the Jewish Dead Hand. They benefited from Madoff’s misdeed, now let them pay for it.
These holdings are controlled by still uncaught Madoffs and other Zionist leaders. The Jewish National Fund (JNF) “is a multi-national corporation with offices in about dozen countries world-wide. It receives millions of dollars from wealthy Jews around the world, most of which are tax-exempt contributions. JNF’s aim is to acquire and develop lands exclusively for the benefit of Jews. It leases land to Jews only.” Our friend Jonathan Cook from Nazareth described it as a racist institution of immense wealth and power. The JNF received funding from Madoff, and moreover, other people who earned money through Madoff’s schemes also supported the JNF.
Another possible mortmain body with vast holdings is the Conference on Jewish Material Claims against Germany. This Fund, according to Haaretz, received billions dollars’ worth of real estate in East Germany under a clause in German law that recognizes it as the owner of all assets belonging to Holocaust victims without heirs. Do not worry: this money is not helping poor old Jews anyway. A Haaretz headline relates that “Survivors get tiny slice of Holocaust compensation”. This bulk of cash should be used to pay the defrauded gentiles.
While we’re at it, these and other Jewish communal bodies may be charged not only for the relatively tiny losses caused by Madoff, but for the much bigger ones caused by the Talmud-swearing Alan Greenspan and his Yeshiva-comrade Ben Bernanke. There is no reason to hate Greenspan or to call him Public Enemy Number One: it will be enough to revert his main deed, the massive transfer of wealth from ordinary Americans to the super-rich and from them to the Jewish causes. Among these latter, the Simon Wiesenthal Tolerance Center should also be a prime target; this could save Jerusalem from the monstrosity that organization plans to build in the centre of Jerusalem on top of Mamilla Cemetery. (In order to be ‘tolerant’, by Simon Wiesenthal Tolerance standards, you must support gag laws and the bombing of Iran!)
Expropriation of these bodies will not harm a single honest person of Jewish origin. It’s the other way around: it would remove the major reason for antagonism between Jews and non-Jews. Jews would know that there are no separate funds to take care of them and would recognize that they are in one boat with their non-Jewish fellow-citizens. And then the Jewish Lobby would shrink to its natural size of, say, Cuban Lobby, and the US would recover from its sickness.
We, the Israelis, would be the biggest beneficiaries of such a move. Isaac Deutscher ascribed the negative developments in Israel to the influence of super-rich American Jews: “A wealthy American Jew is at heart proud to be a member of the Chosen People, and in Israel he exercises his influence in favour of religious obscurantism and reaction. He keeps alive the spirit of racial-talmudic exclusiveness and superiority. It feeds and inflames the antagonism towards the Arabs”. If they are made to pay for their tricks, not only antisemites, but Jews as well will have good reason to rejoice.
Israel Shamir is a regular columnist for Novakeo.com
A native of Novosibirsk, Siberia, a grandson of a professor of mathematics and a descendant of a Rabbi from Tiberias, Palestine, he studied at the prestigious School of the Academy of Sciences, and read Math and Law at Novosibirsk University. In 1969, he moved to Israel, served as paratrooper in the army and fought in the 1973 war.
After his military service he resumed his study of Law at the Hebrew University of Jerusalem, but abandoned the legal profession in pursuit of a career as a journalist and writer. He got his first taste of journalism with Israel Radio, and later went freelance. His varied assignments included covering Vietnam, Laos and Cambodia in the last stages of the war in South East Asia.
In 1975, Shamir joined the BBC and moved to London. In 1977-79 he wrote for the Israeli daily Maariv and other papers from Japan. While in Tokyo, he wrote Travels with My Son, his first book, and translated a number of Japanese classics.
Email at: info@israelshamir.net
Unrated
F.S.A. & Swiss Bank—Pictet .—-( Cover up Crimes.)
Points of Interest . ( Case – Peter Humphries & Jack Loach ).
Pictet & Cie Bank . ( Pictet Asset Management ). ( Dec . Updates.)
The bank and its officials deliberately withheld crucial documents requested under a High Court order .The bank and its officials deliberately withheld evidence from the Police , and one of its account managers Susan Broadhead gave a false witness statement to the police .
Another one of its managers Nicholas Campiche ( Now Head of Pictet – Alternative Investments.) concocted a letter pretending to be a client and closed his account . The senior partner ( Ivan Pictet .) sought to have numerous documents destroyed , along with those copies in their London office of P.A.M. . Initially stating they were forgeries then their lawyers ( Peters & Peters – - and barrister Charles Flint .Q.C later had to admit in Court that they were genuine .
(1). It is a criminal offence for a bank to knowingly act for an undischarged
criminal bankrupt in so far as it seeks to assist that criminal bankrupt in the
fraudulent movement of monies .( Money laundering .)
(2) It is a criminal offence for a bank to lie to the police and the bankrupts
trustee in bankruptcy in so far as any knowledge of , or dealings with the
bankrupt was refuted .
(3) A bank can be guilty of contempt of court if it fails to comply fully with
the Courts order for discovery .
(4) The banks contempt is further compounded if it fails to address its error
after it is specifically drawn to its solicitors attention . ( Monty Raphael.)
(5) It is a criminal offence under the financial services act to seek to destroy
evidence that might be relevant to an investigation .
(6) It is a criminal offence not to relinquish control of funds to the trustee
immediately the fact of the bankruptcy is drawn to the banks attention .
(7) It is a criminal offence to lie or otherwise obfuscate the lawful and proper
enquiries of the F.S.A.
The Financial Services Authority . (FSA. )
The F.S.A. investigated our complaints for eighteen months , then when
pressed by our M.P. They closed the file and told him it was not within their
remit .
(1) They had evidence to prove that crimes had been committed by one
of the firms under their supervision . This same firm had already had
a previous breach .
(2) They state actual findings , – lack of supervision , lack of due
diligence and money laundering .
(3) The case was sent to Enforcement numerous times but no action
was ever implemented . Even after they concluded that Pictet had a “rogue
element” in their London office .
(4) The F.S.A. were also guilty of perverting the course of justice for
they knew full well that Pictet were lying and were guilty of numerous offences.
In 2006 John Tiner. Chief Executive. F.S.A. suggested it should have been within their remit , when pressed by our M.P. Then the Treasury in Jan 2008 confirmed it was within the F.S.A. remit. Yet this firm still operates .
Solicitors . Peters & Peters . ( Monty Raphael .)
Both Mr. Raphael and the Peters & Peters partners were fully aware of their clients Pictet’s criminal actions in relation to the Court Order and the police investigation . Mr Raphael was sent copies on several occasions , ( even by our M.P.
Mr. Sheerman ) of numerous documents that had not been handed over to the police/courts by their clients Pictet.
Some of these were Pictet documents that Peters & Peters were aware of in the Civil action brought by Mr Loach . Yet they then omitted to give them to the police who were investigating this matter at exactly the same time .
Mr . Raphael later admitted in a letter to Mr .Barry Sheerman .M.P. that he had only handed over part of the file to the police , when the Court .–Special Procedure Order clearly stated it required all files , documents , accounts , ledgers and other records .
.
West Yorkshire Police . ( Fraud Squad .)
Our M.P . Mr. Sheerman had approached both the current Chief
Constable – Sir Norman Bettinson and the previous Chief Constable
Mr Colin Cramphorn . ( Deceased .) on matters that are linked to our
cases and which in turn resulted in an individual wrongly being sent to
prison .
Because of the nature of the complaints and the West Yorkshire
Polices involvement the individuals complaint is to be looked at by an
independent review body .
** We are currently seeking an update on where the review body as reached in its investigations.
Swiss Law .
Pictet & Cie broke Swiss Law when they revealed account details of
its clients without their clients permission.
Swiss Ambassador . ( Lautenberg .)
Mr Sheerman .M.P. had a meeting with the Swiss Ambassador
30th May 2007 . On the 12th Oct .2007 the Ambassador met two
representatives from Pictet & Cie . A letter from the Ambassadors
office to Mr Sheerman .M.P. said – quote . “ I trust that Pictet & Cie ,
is paying all due attention to the matter raised by you .”
Firstly we must point out that without the help of Mr Sheerman M.P. and his staff this matter would not have been raised in Parliament . Yet the establishment seek to continue to bury it .
Mr. Sheerman M.P. even set up a meeting at Portcullis house with the B.B.C.
The producer of the programme was more than interested , he suggested he would need two programmes to do justice to the story . He was more than impressed he even offered to write the book . He travelled to Yorkshire to interview us further, and told us the programmes should be broadcast within four to five weeks . Then we assume the bank and it’s lawyers got to know and the B.B.C. blanked us, evading all our calls.
The two complainants are registered with the Trustee and Bankruptcy / Official Receiver and seeking to get their monies currently held in Pictet & Cie .Bank Geneva.
** In recent meetings and correspondence with the Official Receiver we have been informed that the original file in this case had been lost . ( Luckily we still retain our documents on this file .)
Hansard . 29th March 2007 .
“ Constituents of mine have lost £2 million through fraud . the fraudster used Pictet & Cie –a French Bank – and Pictet Asset Management to back the fraud being perpetrated .” ( Hansard – error — Swiss bank .)
The M.P. had first sought the permission of Gordon Brown ( then Chancellor ) to proceed with his actions to bring this matter to light . At that time the Chancellor was Ecofins most aggressive finance minister against Swiss Banks .
The M.P. raised the matter twice in the House of Commons ( verbally ) once to Ed Balls ( Economic Secretary to the Treasury ) and secondly to Jack Straw the then (Leader of the House .) He also tabled two written Parliamentry Questions . (PQ’s.) .
The answer to the first question ( it was a matter for the courts or the police .)
The answer to the second question was it was within the F.S.A. remit .
The F.S.A. have again recently looked at our file again to conclude that this would be a matter best dealt with by the Courts . Due to them hiding it for six years we are now time barred on any Civil Action .
We have therefore instructed both the F.S.A. Complaints Secretariat and the Complaints Commissioner to send the complete file to the Serious Fraud Office so that it can be dealt with by the courts . ( Criminal Courts .)
Secondly we should point out that we have all the evidence and the relevant paperwork / documents to confirm what we are stating . The majority of the paperwork being Pictet’s along with evidence from police/court files .
The above letter (F.S.A & Swiss Banks – Pictet & Cie – ( Cover up Crimes.) was forwarded to the following –.
All international Newspapers World wide .
All financial newspapers Worldwide.
C.N.N. N.B.C. News . Fox News . Bloomberg . Sky. News.
All major banks , banking associations and stock exchanges worldwide .
All European Parliaments . —-( Justice and Finance Committees.)
***On December . 9th . sent– to 230 — Members of Parliament.
to 150 —Members of House of Lords.
PARTNERS .—– PICTET & CIE Jacques de Saussure . Nicholas Pictet . Philippe Bertherat.
Renaud de Planta. Jean Francois Demole. Remy Best. Ivan Pictet.
Jurg Egli .( Group General Counsel.) Giovanni Viani. ( Group Man. Director.)
Fabien Pictet. ( A Director of Pictet Asset Management at that time .)
PETERS & PETERS .
David McCluskey .- – Sarah Gabriel .— Micheal O’Kane. – Keith Oliver.
Anand Doobay – Ben Summers. –Geoffrey Herman – Jonathan Tickner .
Carmen Dowd – Claire Lipworth. – Jo Rickards – Steve McCann – J.Balfour – Lynn
.
All Executive/Senior personnel at Pictet & Cie’s banking and investment businesses in twenty countries throughout the world .
Update;— July 4th 2008. – ( sent to all previous recipients) — letter from the F.S.A. Complaints Secretariat “ because you didn’t give us a “named individual “ at the S.F.O. we have not passed the file to them .
Update ;- July 24th 2008 .—( sent to all previous recipients .) – letter from the Complaints Commissioner Sir Anthony Holland . He states “ although it is not recorded when the F.S.A. provided information to you under the Freedom of Information Act .”
It is this 147 page report “ that he obviously hasn’t been given access to ( or no longer exists in the F.S.A. files .) that shows incompetence , negligence and lack of any regulatory direction from all levels of the F.S.A.
Quote from 147 page F.S.A. Report . ( the conclusion.)
“ Even if the F.S.A. wanted to pursue Enforcement action against P.A.M., what would there be to prosecute.? The “rogue” element involved , Susan Broadhead has since left the firm .” —— ( she did but some 5years after it came to light .)
Page 107 .Quote from R.M.D. section dealing with the complaint.
“ The problem for the F.S.A. is that the nature of the information that P.A.M. might possess could be embarrassing or possibly incriminating from both a regulatory and a legal sense . The firm might therefore be reluctant to provide the information we require .” The F.S.A. were right Pictet Asset Management didn’t provide that information but Mr. Humphries/Loach did . ( they were given copies of the originals that both Mr. Humphries and Mr.Loach hold – because Pictet had destroyed their copies of the originals.)
Sir Anthony did not comment on our request that the file should be passed to the Serious Fraud Office .
Update ; – Aug 6th .2008. – another letter from Sir Anthony Holland . “ Quote from letter.”— ( “If, as you say, the firms knowingly withheld evidence from the Police and the U.K. Courts during a criminal investigation , then this is a matter for the police rather than the F.S.A.to pursue”. )
*** June 29th 2007. Pictet Asset Management . Japan. Ltd. .
The Securities and Exchange Surveillance Commission issued a recommendation that the Prime Minister and the Commissioner of F.S.A. take disciplinary action against P.A.M. Japan Ltd.
*** We thank –. David Cameron. M.P. (Canary Wharf speech.) Dec.15th 2008.
Quotes. “ Bankers who behave irresponsibly should face professional consequences.”
“ And ,for sure, if anyone is found to have behaved criminally they must be
prosecuted.
“ The F.S.A and the Serious Fraud Office should be following up every lead,
investigating every suspect transaction.”
“ we need to make it 100% clear – those who break the law should face
prosecution .”
“ that we make sure we root out any wrongdoing that may have happened,
whoever is involved , however high or well connected they may be.”
“ insisting that City executives should be prosecuted for any criminal wrong-
-doing.
Quote : America’s Top lawyer . ( Foreword to his book .)
“ You can be the richest man in the world with the best lawyers that money can buy but you cannot win against a man who has got nothing left to lose and is telling the truth .
Note ;- You cannot be sued for libel or slander if you are telling the truth .
We will not be gagged by the rich and powerful , the bankers , the lawyers or the F.S.A
Note.* We have not received any injunctions,in the six months we have been highlighting these serious crimes . ( More relevant to day than ever.)
We confirm that in a few weeks time, all the information will be available via the
WEB . All documents , letters , police/court files , F.S.A. reports etc .
After which we will hand the file and all the evidence to the Serious Fraud Office .
We are greatly encouraged by the legal actions taken out against the United Bank of Switzerland . ( UBS.) by the American authorities .
Note. Thank you for your numerous inquiries. E – Mail .loachjack@talktalk.net.
Pictet & Cie. – they claim the “Rolls Royce ” of swiss banks.
Swiss Banks or more correctly Swizz banks.
Swizz. —- “ a fraud ” or “ a great disappointment.”
Fraud. —“ an intentional deception or dishonesty.”— “a crime.”
Crime. —“ an act committed or omitted in violation of a law.”
Serious Crimes .
Conspiring to pervert the Course of Justice.
Perverting the Course of Justice.
Contempt of Court.
Serious Crimes .
Conspiring to pervert the Course of Justice.
Perverting the Course of Justice.
Contempt of Court.
The Establishment “ Cover up crimes”.
The ‘Doyens’ of the establishment.’ ( Ivan Pictet and Monty Raphael.)
Ivan Pictet.
Managing partner in Pictet & Cie Bank .— Switzerland.
President of the Geneva Financial Centre.
World Bank.committee member.
United Nations. Investment Committee member,
Vice President – Global Humanitarian Forum.
Member of the Henokiens.
Blackstone Group — Board Member.
Past- President – Geneva Private Bankers association.
Past –President – Geneva Chamber of Commerce and Industry.
Monty Raphael.
Quote.” —- Doyen of U.K. Fraud lawyers.
Consultant & Head of Fraud and Regulatory Dept.
Member of Board of Directors of the Fraud Advisory panel.
Member of the Law Society of England & Wales.
International Bar Association Member.
Past President—London Criminal Court Solicitors Association.
Past Chairman —of Anti Corruption Committee.
Founder of Business Crime Committee of the International Bar
Association.