Name: Anonymous 2008-12-26 19:42
Bernard Madoff was born into a Jewish family in the New York City borough of Queens. Although he lived in a ranch house in Roslyn, New York, Madoff has owned an ocean-front residence in Montauk since 1981. His primary residence, valued at more than $5 million, is on Manhattan's Upper East Side. He also owns a home in France and a $9.3 million mansion in Palm Beach, Florida on the Intercoastal Waterway just north of Flagler Memorial Bridge. He is a member of the Palm Beach Country Club and owns a 55-foot fishing boat named Bull.
Madoff served as the Chairman of the Board of Directors of the Sy Syms School of Business at Yeshiva University, as well as Treasurer of its Board of Trustees. Madoff also served on the Board of New York City Center, a member of New York City's Cultural Institutions Group (CIG). He served on the executive council of the Wall Street division of the UJA Foundation of New York, a Jewish foundation.
Madoff undertook charity work for The Madoff Family Foundation, a $19 million private foundation which he managed along with his wife. The foundation has contributed to many Jewish educational, cultural, and health charities. The various organizations were mostly given charity funds backed by Madoff securities.
The New York Post reported that before his arrest Madoff, himself Jewish and on the boards of directors of several prominent Jewish institutions, "worked the so-called 'Jewish circuit' of well-heeled Jews he met at country clubs on Long Island and in Palm Beach." The New York Times reported that Madoff courted many prominent Jewish executives and organizations among those investing in his funds — Jeffrey Katzenberg, Eliot Spitzer, Yeshiva University, the Elie Wiesel Foundation, and charities set up by the publisher Mortimer Zuckerman and Hollywood film director Steven Spielberg. Among one of the most prominent Jewish promoters was J. Ezra Merkin, whose fund Ascot Partners steered $1.8 billion USD towards Madoff's firm.
Madoff served as the Chairman of the Board of Directors of the Sy Syms School of Business at Yeshiva University, as well as Treasurer of its Board of Trustees. Madoff also served on the Board of New York City Center, a member of New York City's Cultural Institutions Group (CIG). He served on the executive council of the Wall Street division of the UJA Foundation of New York, a Jewish foundation.
Madoff undertook charity work for The Madoff Family Foundation, a $19 million private foundation which he managed along with his wife. The foundation has contributed to many Jewish educational, cultural, and health charities. The various organizations were mostly given charity funds backed by Madoff securities.
The New York Post reported that before his arrest Madoff, himself Jewish and on the boards of directors of several prominent Jewish institutions, "worked the so-called 'Jewish circuit' of well-heeled Jews he met at country clubs on Long Island and in Palm Beach." The New York Times reported that Madoff courted many prominent Jewish executives and organizations among those investing in his funds — Jeffrey Katzenberg, Eliot Spitzer, Yeshiva University, the Elie Wiesel Foundation, and charities set up by the publisher Mortimer Zuckerman and Hollywood film director Steven Spielberg. Among one of the most prominent Jewish promoters was J. Ezra Merkin, whose fund Ascot Partners steered $1.8 billion USD towards Madoff's firm.