Posted on 06/30/2009 4:21:19 PM PDT by SeekAndFind
Embezzler Bernard Madoff, who swindled clients out of at least $50 billion, was sentenced to 150 years imprisonment Monday.
Very few media reports have focused on the damage that Madoff did to left-leaning foundations and political causes. I wrote about this topic in the American Spectator in January.
The record-breaking fraud is forcing the closing of the JEHT and Picower foundations, longtime supporters of leftist groups.
Left-wing groups funded by those charities include ACORN (known for its massive voter-fraud campaigns), the Center for Constitutional Rights (a pro-Castro member of the open borders lobby), and Alliance for Justice (which supports habeas corpus protections for terror suspects).
The Picower Foundation had the bad luck to choose Madoff to manage its more than $1 billion in assets. It has funded abortion groups, including NARAL ($3.2 million), Center for Reproductive Rights ($2.5 million), Planned Parenthood ($2.4 million), and Center for Reproductive Law and Policy ($625,000)–all of which advocate taxpayer-funded abortion-on-demand. It also gave $2.9 million to the Southern Poverty Law Center, which smears conservatives who question racial preference programs, and $200,000 to Project Vote, which part of the corrupt ACORN network.
The JEHT Foundation, which stands for Justice, Equality, Human dignity and Tolerance, has given away more than $72 million in grants since heiress and Democratic donor Jeanne Levy-Church founded it in 2000.
JEHT gave $1.7 million to the ACLU and its foundation, along with $839,500 to the ultra-leftist public interest law firm, the Center for Constitutional Rights, which helped to convince the Supreme Court in Boumediene v. Bush (2008) to confer habeas corpus rights for the first time in history on alien enemies detained abroad by the U.S. military in wartime. The decision gives terrorists a green light to manipulate our justice system and flout the well-established laws of civilized warfare.
JEHT gave $250,000 to the American Institute for Social Justice, an ACORN affiliate. The Saul Alinsky-inspired Institute trains community organizers and in recent years has served as a shadowy financial clearinghouse, directing $9 million to ACORN and two of its other affiliates.
JEHT gave $55,000 to Nan Aron’s Alliance for Justice, a group that systematically distorts conservative judges’ records in an effort to block their elevation to higher courts. You may remember the Alliance helped to torpedo the Supreme Court nomination of Robert Bork in 1987 and nearly succeeded in “borking” Clarence Thomas in 1991. More recently, the group fought President Bush’s nominations of Charles Pickering and Priscilla Owen to federal courts.
JEHT also gave more than $4.2 million to the Tides Foundation and its affiliates. Tides funds abortion rights advocacy, environmental extremism, anti-war activism, gun control, and opposes free trade.
Yes.....they can no longer fund the left.....
Yeah, but now they’re on the dole.
the left are always great at showing compassion by stealing from others
Why is Bernie Madoff villainized in the media everyday for doing the same thing the Social Security Administration has been doing for seventy years.
If his funds had been supporting conservative groups, he would have just been sent to Turks and Chaicos for 5 years of house arrest.
Why do you think he got 150 years?
How long would you give Madoff before he dies in prison? He knows to much about who has all the money and he won’t be allowed to talk. I would bet that if his family is prosecuted, he’ll try to talk big time but will be killed in prison.
LOL!!
why you ask? Because he got caught
You know, this is very good news. I had no idea his money was funding these left groups. Good deal. I hope he took Soros for a bundle.
That’s $50 Billion in mostly Jewish money. No other group has been as hard hit by the Madoff embezzlement as were American Jews. Since they will have less money to send to the Democrats, Obama figures that he doesn’t lose much by going after Israel. In fact, he gains the money being funneled by Saudi Arabia and the other Arab countries awash with oil money. Is there any other reason why Democrats are trying to increase our dependence on foreign oil by preventing us from developing our own oil?
The interesting part is that American Jews still love Obama! I think they’d continue to vote Democrat on their way to the ovens...simply incredible!
Dream on...one word Porkulous.
This sounds like it came from a cute little picture of a kitten...
Bernie headed the Nasdaq for a while. Wrote and rewrote (in the wake of other crooks) rules for the industry regarding ethics and compliance and conduct of business and such. While plastering his photo on these rules and distributing to others in the industry expecting - and receiving - our compliance and adherence, he knowingly, willfully, and with great cash windfall to himself and family, broke every rule. He didn't just steal from the henhouse, he harvested the fields and then salted the earth when he left.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.