By Wayne Madsen
Online Journal Contributing Writer
"(WMR) -- As the Securities and Exchange Commission (SEC) announced that it had cut a deal with $50 billion Ponzi scammer Bernard Madoff whereby Madoff will neither admit nor deny fraud claims against him in a suit brought by the SEC.......
WMR has learned from a U.S. intelligence source in the Middle East that much of the $50 billion scammed by Madoff is now in Israeli banks and other financial contrivances established to secretly launder the ill-gotten loot. The Madoff Ponzi scheme may also be linked to the revelations by former Liechtenstein LGT bank employee Heinrich Kieber of secret off-shore accounts held by tax-evading politicians and businessmen in the United States and other countries, as well as the Clearstream entity in Luxembourg that involved allegations of a slush fund used to finance the political ambitions of France’s neocon president, Nicolas Sarkozy, and other right-wing politicians.
Harry Markopolos, a former investment manager-turned-investigator, recently told the U. S. House Financial Services Subcommittee that the SEC failed to take action against Madoff when Markopolos repeatedly warned the regulatory agency of the Ponzi scheme activities of Madoff, a former chairman of NASDAQ. The hearing at which Markopolos testified was chaired by Rep. Gary Ackerman (D-NY), whose 5th congressional district adjoins the 9th congressional district of Forest Hills and Rego Park, a nexus for Russian-Israeli mob activity in the New York City area.
On February 9, the SEC announced that Linda Thomsen, the agency’s top enforcement official, was resigning to “pursue opportunities in the private sector.”"
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