Posted on 02/06/2009 2:27:44 AM PST by Liz
........more high-profile names emerged from the 163-page Madoff investor list....developers William Achenbaum and Edward Blumenfeld, the late hardware-chain founder Murray Pergament, WTC developer Larry Silverstein..... Morris Talansky who operates an investment firm and tax-exempt foundation "lost over a million dollars," said his criminal-defense lawyer.....Talansky's alleged payments to Israeli PM Ehud Olmert led to Olmert's resignation last year. Madoff's defense lawyer said he was listed because a relative who invested (had apparently used Ira Lee Sorkin's mailing address).
(Excerpt) Read more at nypost.com ...
Various addresses and organizations used by Morris Talansky to donate to US politicians (including Clinton and Giuliani).
(1) Executive Director, Jerusalem-based Share Zedek Medical Center
(2) 2373 Broadway, Apt Ph3, NY 10024
(3) 49 W 45th St NY 10036, Share Zedek and Niche Company
(4) 1220 Sage Street, Far Rockaway, BY 11691
(5) 20 Longfellow Road, Great Neck, NY 11023
(6) (residence) 103 Wood Lane South, Woodsburgh, NY 11598
(7) CEO, Global Resources Group (investment firm)
Morris Talansky, a Long Islander with an "investment firm" AND a tax-exempt foundation, is accused of allegedly passed payments to Israeli Prime Minister Ehud Olmert while the latter was mayor of Jerusalem in the '90s. Tax records lists PM Olmert as president. and Morris Talansky as treasurer for New Jerusalem Foundation, a US tax-exempt foundation registered in Manchester, NH. The New Jerusalem Foundation’s American branch received a US tax exemption in 1999, (Olmert was in his sixth year as mayor of Jerusalem). According to recent tax returns of the American branch of the The New Jerusalem Foundation, it raised $376,000 in 2000 and $76,000 in 2005.
The New Jerusalem Foundation
Morris Talansky, Treasurer
Ehud Olmert, President
420 Lexington Avenue, Suite 1645
New York, NY 10170
Phone: 212-697-4188
ISRAELI OFFICE
The New Jerusalem Foundation
Zvi Raviv, Director General 1999-2007
4 Koresh St. PO Box 775
Jerusalem 91007
Tel: 972-2-6232227
Fax: 972-2-6232390
Email: thenjf@jerusalem.muni.il
Website: www.thenjf.org
Talansky runs an "investment" firm out of his tony Woodmere, LI home. In a highly unusual move, Israeli authorities have barred the country's media from publishing Talansky's name - saying it could hamper their investigation.
MONEY TRAIL: May 6, 2008
SOURCE http://www.nypost.com.
Morris Talansky is billed as a fund-raiser for the American Committee for Shaare Zedek Medical Center, Jerusalem----which took in $20M in 2002, according to IRS returns. Paul Glasser, Committee director, told US officials Talansky hadn't worked for them since 1997 ..............but 2004 tax return shows that Talansky earned $90,000 from the organization that year, for raising over $14M.
MORE HEAT ON OLMERT, NY Post.com, 7/9/08
A team of top Israeli investigators strengthened the case for indicting Prime Minister Ehud Olmert for corruption. Bank and company records corroborate damning testimony by LI businessman Morris Talansky's statement that he gave $150,000 in cash-filled envelopes to Olmert.....eyewitnesses have reportedly bolstered Talansky's account. "The case against Olmert has grown stronger" after Israeli investigators arrived in the US, Israeli paper Haaretz reported.
UPDATE Talansky now resides in Jerusalem and is a fugitive from US justice.
I’ll bet he’s a DEMOCRAT!!!
> UPDATE Talansky now resides in Jerusalem and is a fugitive from US justice.
Surely that could be easily remedied, no? Can’t the US President call up his counterpart in Israel and say “we would like Talansky extradited please. Gimme, gimme”?
“Can’t the US President call ....?”
Yeah sure—he could call and say that he’ll delay helping the muzzies exterminate the Jewish people if he’ll send back this fugitive.
The list is a who’s who of the elite or semi-elite, the lazy, the corrupt, the people too stupid to wonder why THEY should get 15% when everyone else gets 8% (averaged over many years). If they think that economic rules don’t apply to them, then other laws don’t either.
There is far more to Madoff than meets the eye. Money laundering, etc.
Where were they this time?
Or did they know something voters and investors didn't?
Inquiring minds want to know...
Could be pols invested through "feeder funds"----hedge funds that put investors money WITH Madoff. Names could be there rather than on the Madoff official list.
.......a study of who got ripped off and who they voted for would be quite telling....
Madoff financed many politicians. What we know so far:
The Center for Responsive Politics has looked into the matter of the Madoff family’s political contributions between June 1993 and October 2008.
Federal Election Commission records show that members of the Madoff family made some 250 political contributions to 45 candidates and committees totaling $391,350.
The largest individual recipients were Rep. Ed Markey (D-MA), $34,000; Sen. Chuck Schumer (D-NY), $31,000; Sen. Ron Wyden (D-OR), $25,000; Sen. Hillary Rodham Clinton, $23,500; Rep. Richard Gephardt (D-MO), $12,000; Sen. Frank Lautenberg (D-NJ), $6,600; and Sen. John Kerry (D-MA), $4,500. The Democrat Senatorial Campaign Committee, which Schumer currently chairs, received $104,050.
Among Republicans, the lion’s share of Madoff family contributions went, oddly enough, to Rep. Jack Fields (R-TX), $13,000. Sen. John McCain received $2,000.
=======================
Politicians are held to a HIGHER legal standard than ordinary folk. If they are withholding info from authorities, they are guilty of obstructing and delaying justice.
If pols took profits from illegal financial dealings, under the legal principle of "fraudulent conveyance," they have to give the money back......individuals are not allowed to profit from a fraud.
I'm just amazed that a bunch of pols weren't taken to the cleaners.
FWIW, I think the names missing from that least are even more interesting than the names that are on it.
Even though Madoff's investors were savvy, smart successful businessmen accustomed to constructing and analyzing complicated financial reports, NOT ONE INVESTOR blew the whistle on Madoff-----even as they were receivng Madoff's amateurish reports.
FOR YOUR REFERENCE BY Ronald D. Orol, MarketWatch reporter based in Washington.
EXCERPT There were several things that alerted some in the hedge-fund industry that an investment with Madoff may not have been as safe as it initially appeared.
Aksia LLC, which researches hedge funds and advises institutions about investing in the industry, said that it never recommended that clients put money in some of the "feeder funds" that allocated their capital to Madoff. On the surface, these feeder funds looked like institutional-quality vehicles, but there were "a host of red flags," Aksia Chief Executive Jim Vos and colleague Jake Walthour wrote in a letter to clients after the Madoff scandal erupted last week.
The funds were marketed as using a "split-strike conversion" investment strategy that is "remarkably" simple, but the returns it purportedly generated could not be replicated by Aksia's quantitative analyst, Vos and Walthour wrote.
The Madoff funds supposedly traded in the Standard & Poor's 100 index options market, but that market is relatively small and may not have been able to handle trading by vehicles with roughly $13 billion in assets, they said. The feeder funds had almost all their assets custodied with Madoff Securities, the brokerage unit of Madoff's firm.
Aksia checked into the auditor of Madoff Securities and discovered it was a firm called Friehling & Horowitz, which had three employees -- one of whom was 78 years old and another was a secretary. The firm's office in upstate New York was 13 feet by 18 feet.
Madoff's Web site claimed the firm was technologically-advanced, but it sent paper confirmations of trades via US mail at the end of each day, rather than providing electronic access to this important information.
Paper copies provide a hedge-fund manager with the end-of-the-day ability to manufacture trade tickets that confirm the investment results.
Dang. There are so many Jews on the list, it reads like the credits to a Spielberg movie.
Good one!!
Markopolis said the same thing during his testimony: No way did Madoff do this on his lonesome.
Yes, I’m feeling really bad that a bunch of rich, demonRAT liberals got their money taken from them. Sure Madoff is a crook, but the word I’m thinking of for many of his clients is, hmmm, schadenfrued.
Unless times have changed, Israel will not extradite a Jewish resident. It would not do it for the gangster Meyer Lansky.
Well they better get this reelection stimulus package on its way if these liberals are going to fund their reelections. This money pot appears to be withering on the vine.
I’m betting before this goes away there’s a big push to bailout Madoff’s investors from the public teat.....
That's not true. Lansky was extradited to the US and acquitted. To my knowledge Talansky hasn't been charged with any crime. If he is, he can be extradited, though he may have charges in Israel to resolve first.
The first and only Bernard Madoff Search Engine, with information on all investors at individual and institutional levels.
He is a crook that just might become a national hero with all the Democrats that got ripped off...
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