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OFF THE GRID
Jun 30, 09 | 9:23 AM

Madoff Sentence: Is It a Jewish Thing?

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How many more years in prison did Bernie Madoff get for being Jewish?

We might as well get the question out there. It’s surfaced since the Madoff arrest in March and then disappeared: How much is this a Jewish affair? Or, how much does it being an almost entirely Jewish affair change its nature?

Certainly the 150 years represent a message beyond retribution and punishment. Madoff’s lawyer, Ira Sorkin, who knows a thing or two about the fate of white-collar criminals, rightly characterizes it as “absurd.”

The notion is that Bernie has come to represent the financial meltdown; he’s symbolically paying for the whole thing. He’s going to jail not just for the $15 billion he stole (which was once, without adequate explanation for its restating, $50 billion more—what happened there?), but for the other $6 or $7 trillion (if I’m keeping up with my sums) lost in the collapse.

Yet, surely Enron was as great a symbol of generalized financial malfeasance (not to mention bearing some responsibility for George Bush’s elections) during the last significant crash (which might not have been as big as this one—but at the time we thought it was). I’d argue that Enron might even have been more of an anathema in that moment than Madoff, and yet Jeffrey Skilling is in for less the 25 years. He’ll likely see the light of day.


(AP Photo)

And then there are the widows and orphans—the greater Bernie’s sentence, the more, we seemed invited to infer, the widows and orphans are absolved of responsibility. Indeed, Bernie is more and more portrayed as a man who robbed entirely innocent victims. Instead of, more accurately, a man who robbed people who all had reason to suspect that financial returns should not be as rosy as they always were with Bernie Madoff. There ought to be a different standard of larceny when the person who is robbed is at least somewhat as greedy as the person doing the robbing. Again, to note that Enron robbed even more hapless and similarly greedy people than Madoff did.

So the Jewish thing.

Most of the hapless and greedy windows and orphans, along with the other high-net-worth individuals who Bernie robbed, were Jews. So it isn’t simple anti-Semitism. It’s actually a more complicated multiplier effect of the Jews hating Bernie even more because he is Jewish. He’s being shunned by the community. As the judge noted, nobody wrote a kind note or plea for leniency on Bernie’s behalf. That’s rough.

And then there is plain old anti-Semitism. Americans may all have been righteously reconstructed; the great majority may never have had a conscious anti-Semitic thought. And yet, just when you thought you’d escaped your historical prejudice, the archetype returns.

Really, it is better for everybody to throw away the key and speak no more of him.

More of Newser founder Michael Wolff's articles and commentary can be found at VanityFair.com, where he writes a regular column. He can be emailed at michael@newser.com.
33 comments
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maxgray
Jun 30, 09 12:34 PM CDT
Very interesting take. It is true that Madoff certainly does not help the Jewish community escape the old charges of usury, which could, in part, account for the 150 years, in part because of the desire of Jews to escape this negative image. Reply
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Deebles
Jul 4, 09 3:15 AM CDT
Please, Bernie Madoff is a Jew like Jenny Stanford is a woman. That Jews have a particular affinity for numbers is like women have a particular affinity for seduction. Both notions are lame: time to go up to the level of human individuality and except that some people just suck. If the media had explained Enron as the crap it was which is oddly like the crap Bernie made, well then no one would have written Skilling a letter. The fact that we don't understand what the hell is going on is not on us--it's on the fourth estate which chooses what we should fucking know from the get go. Jews turned the word 'Jew' into fire in a theater. I can't say boo. Nobody can. Is that because of race? No. It's because to say one peep turns you into an anti-semite, when actually all you want to say is that that guy is a bum.
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Laugh
Jun 30, 09 12:44 PM CDT
Along this same line of reasoning, didn't he perhaps also get more investors for being Jewish? I never even considered him being Jewish as part of the issue, and I doubt the judge did either. Reply
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MichaelWolff
Jul 4, 09 1:47 PM CDT
Many of his investors sure did.
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polstroad
Jun 30, 09 12:48 PM CDT
Usuary? look up the meaning of the word, then look up how charges for lending money has changed over the years. And then check out what credit card companies charge as interest. 18%? that is usuary, and it is legal. Reply
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phil
Jun 30, 09 1:29 PM CDT
The fact that he is jewish and a banker and the biggest thief of the entire depression creates a perfect storm for anti semites. But there are two good reasons to really dislike him before you even get to the jewish bit. boomtish. Reply
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jonathanseer
Jun 30, 09 2:38 PM CDT
What a pathetic attempt to gain sympathy from Jewish people, by invoking a hint of antisemitism in his sentencing. It's NOT a Jewish thing, for the simple fact that his actions rebuke and deny his previous claim to being Jewish. His rejection by the community is proof of this. Being Jewish is more than a last name and religion. It's a conscious adhering to a set of spiritual principles all of which BM consciously and knowingly betrayed. No one who is truly Jewish could do all that he did. Sure Jewish people do bad things, but the scale of his evil is beyond that of even the most craven human being, Jewish or otherwise. Reply
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MichaelWolff
Jul 4, 09 1:50 PM CDT
Oh phooey. This is hot air. Jews can be and have the right to be as dubious as anyone else. Indeed, Jews can be very good crooks.
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gianpaul
Jun 30, 09 4:24 PM CDT
Most likely the man is not normal (a normal individual would not get into what he got himself into). Now for being jewish and as an almost "normal educated person" he has realized that he committed some "error of judgment". What he uttered in court sounds not unlike a freudian explanation - or did he mean that in the end God forgives everybody, even those he addressed in court and so far probably have not forgiven him. Reply
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STepper
Jun 30, 09 6:50 PM CDT
With time off for good behavior it's only 112 years. And I don't think the sentence is for being Jewish. I think it's for being the biggest crook of all time and for being a shonda to Jews everywhere. Reply
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quicknews
Jun 30, 09 7:14 PM CDT
Great way teo get your article read! With an edgy controversial title. He's a crook, who stole untold amounts over many years. He could be a purple vulcan it would be the same. But good tactic on the writers part. Reply
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IN RESPONSE:
MichaelWolff
Jul 4, 09 1:52 PM CDT
That's why God invented headlines, to get the article read.
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HallieOttVulmar
Jun 30, 09 8:13 PM CDT
"Being Jewish is more than a last name and religion. It's a conscious adhering to a set of spiritual principles all of which BM consciously and knowingly betrayed. No one who is truly Jewish could do all that he did." ummmmmm........ahhhhh........I remember my 'born-again-Christian' grandmother explaining to me that the Christians fighting in Lebanon were not "real Christians" because, presumably, Christians were supposed to be non-violent. No race is immune to the temptation to accumulate other people's monies under false pretenses. Why Jews tend to be better at it (and more skillful at concealing the falseness of the pretense for the longest time periods) than any other race is an important curiosity. Frankel.........made no trades. Madoff............made no trades. Why no trades? I think its extremism......to say "Ok, my best talent is talking(lying) money from rich people[or hiring Ezra to talk money from people] so that's all I'm gonna do". Because.........why? Cuz its easier? Lets say you've talked millions or billions from people and you've already decided you're gonna cook the books and say your fund pays about 12% every year. Are you too busy soliciting more money from new investors to make some trades? At least you could say, after you're caught, "Look, I did try to make some trades........I just overstated the returns." Fear of failure.......? Fear of losing money on a trade? I dont know. Its mysterious. The fact that all of the fraudulent conveyors[investors in Madoff's funds] were Jewish(except for Kevin Bacon) is less mysterious. Tribalism is naturally an issue with minority races and can create a strong centripetal, gravitational force. In this case, Madoff was the financial Rabbi at the center.........or 'ROB'-eye Reply
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bufador
Jun 30, 09 8:27 PM CDT
Madoff got the maximum sentence because the crime warranted severity, and his age made the number of years over ten essentially irrelevant. Had these crimes been centered elsewhere in the country the sentence may have been less symbolically severe, but NY has to defend its financial center reputation for probity or risk losing its major source of tax revenue. Reply
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gabo
Jun 30, 09 10:15 PM CDT
You should be more happy he serving 40 years wandering lost through the prison yard? Reply
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tunnster
Jul 1, 09 12:29 AM CDT
The goyim don't get why this is such a big deal! Reply
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drlarrymitchell
Jul 1, 09 1:52 AM CDT
It's not a Jewish thing. It's an unscrupulous greedy arrogant fuck thing.
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fancygapva
Jul 2, 09 9:57 AM CDT
I get it that goyim just don't measure up for you. That's no way to make friends.
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fancygapva
Jul 1, 09 10:17 AM CDT
GEEZ. Here we go again. If the judge had been Jewish Madoff would have gotten 300 years. He did the unthinkable, he used his Jewishness to screw other Jews, other Jewish charities. For God's sake. It isn't all about JEWS. Or it is if you MAKE it that way. Why don't you climb on Obama's post racial/ethnic train and ride off into the sunset, cowboy? Madoff was a bad man. He got what he deserved. Don't bring up Enron. Those guys had White House pull behind them. It was a whole different deal. I bet if you dug up Ken Lay he wouldn't be Ken Lay. There is no comparison. They ALL should have gotten 150 years. Reply
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foodchain11
Jul 1, 09 10:23 AM CDT
No comparison between Enron and Madoff. Skilling destroyed is company and its 401k with his own people watching and knowing it was happening. His impact outside of Enron was limited. Madoff destoyed entire retirment accounts for unrelated, unsuspecting investors (through their investment agents who were Bernie's friends). He destroyed peoples lives. We should be having a debate about the equivalency of killing and destroying lives. Reply
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Doctor_Zaius
Jul 1, 09 11:36 AM CDT
Why are we playing the ethnicity card? This man stole billions with a B from wealthy, powerful people. Of course he was going to have the book thrown at him given the current climate of righteous anti-Wall St. anger not to mention the power of the people he screwed. I have often wondered why a man who steals $20 from a convenience store goes to jail for 15 years while a man who steals $20 million while wearing a suit and a tie goes to jail for 15 months. Maybe it's about time we hit the corporate criminals with a bigger bat. Reply
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AmiBlue
Jul 1, 09 1:47 PM CDT
Was it because madoff was Jewish that he comitted this horrendous fraud? Reply
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fancygapva
Jul 1, 09 8:33 PM CDT
I don''t think so. I think it was because he was ruthless and greedy. Jews might have a corner on the market on a lot of things but ruthlessness and greed cross all racial and ethnic lines.
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rtl
Jul 1, 09 9:33 PM CDT
How 'bout just keeping him in jail until he pays back every single penny he stole? THAT would be more than 150 years. And I'm sorry, for how many lives he ruined he got off easy. Reply
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barfly
Jul 2, 09 11:47 AM CDT
We got Madoff and the rash of mini-Madoffs, because Michael Milken, Ivan Boesky, Dennis Levine and Martin Siegel only received two year sentences instead of piano wire around the neck. Such crimes became smart and worth it. Reply
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BlondeMike
Jul 2, 09 2:19 PM CDT
Fancygapva, your comments are plain stupid. Any sentence over 30 years for any crime is medieval barbarism. It is simply a silly political statement with no bearing in objective reality. A remnant of our vicious communist puritan heritage. Why does the South produce so many totalitarian no-minds like you ? The old adage that you can't cheat an honest person applies here. No honest person would have invested with Bernie. Reply
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Kurt
Jul 2, 09 4:33 PM CDT
“There ought to be a different standard of larceny when the person who is robbed is at least somewhat as greedy as the person doing the robbing.” The people investing with Bernie thought he was trading on insider information and were happy to share in the largess, while not asking the hard questions of his success. As for it being a ‘Jewish thing’, Jews are usually smarter crooks. Reply
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ssalemi
Jul 2, 09 6:45 PM CDT
Oh, what garbage! How many "man-years" did Bernie steal from his victims? Thousands? Tens of Thousands? Hundreds of Thousands? His 150 years was a light sentence. Living in his hermetic bubble, Mr. Wolff is forgetting that Madoff's threat stole time and energy -- we call it "life" -- from his victims. This article is ridiculous. Reply
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cumbucodon
Jul 3, 09 6:14 PM CDT
This Jewish stuff just pisses me off. This guy destroyed so many people in a vicious manner that he got what he deserves. Who gives a shit about the jewish question. Reply
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mack
Jul 4, 09 9:15 AM CDT
Its not about him being jewish, the fact is that their should be others that are prosecuted.He did not do this alone. The same goes for these corporations that have let down the people of america.They have dumb down american families and sold us out.We should go after wall street and the big corporations, to invest in the american people. Provide grants for small start up businesses and educate our children. Reply
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jwilsonte
Jul 7, 09 2:28 PM CDT
does not matter the scumball will die in prison !! this old fool will not make 10 yrs. he will die a slow horrible death one day at a time alone being hated by millons ,his wife ,sons he deserves it all for the people whos live will be very hard because of this creature slow death is what he got! and his lawyer CRY LITTLE BABY-BABY LOSER!!!! Reply
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wj03412000
Jul 10, 09 11:18 AM CDT
Since you mention the Jewish thing, as you may recall at the time of his arrest, the real shock was that Madoff could do this to fellow Jews. The implication that screwing gentiles was one thing but screwing fellow Jews was a whole different level. Reply
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Adapt-Overcome
Jul 12, 09 1:03 AM CDT
This has nothing to do with being Jewish..it has everything to do with being a coniving individual. 150 years is actually too little. There were hundreds of cases...not just one. So, his sentence was for each individual case. And there were many people who suffered and lost everything. Including Jewish people. That asshole didn't discriminate...he screwed anybody and everybody for every penny he could get. Weisel, Jewish haloucast survivor invested in this phony for Jewish charities and he cleaned him out. How many Jews will go without the assistances they were getting from these charities. Madoff and his wife (the even greedier bitch) now know what it feels like to lose everything. Reply
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OFF THE GRID is about why the news is the news. Here are the real motivations of both media and newsmakers. Here's the backstory. This is a look at the inner workings of desperate media, the inner life of the publicity crazed, and the true meaning of the news of the day.

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