A story lurks behind the story, thoroughly untold, as usual by the sleepy lapdog intrepid US press networks. Put some figures into perspective. At $50 billion, the amount of money stolen in the Ponzi Scheme by Madoff is less than half of the TARP confiscated funds for Federal Reserve bank benefit. It is 30x less than the missing Fannie Mae money. My sources tell me that the total Madoff scam fraud is closer to $150 billion, surely over $100 billion. One more story of fraud in the United States, a nation that my work has accused of being plagued by deeply engrained institutionalized dishonesty. We are witnessing an explosion of fraud stories, once called isolated, but more clearly systemic nowadays in open obvious fashion. The entire world is gradually coming to a conclusion that the main thrust of the American system has deep roots of corruption, that its economy was dependent upon engineered inflation, that consumer behavior was tied to easy money pulled from home equity, and that its investment banking titans on Wall Street often include centers of fraud.

Mark Graffis is an independent analyst from the Virgin Islands. He claims some well-heeled sources of information worthy of mention. He uses the wrong spelling in the name for effect, as the architect made off with the loot. He wrote, “Finally, sources say that the wealth from Madeoff's scam has been fully transferred to Israel and that most if not all of the clients have been made aware that their money is available to them in Israel and that it was felt that this was a necessary measure in protecting certain high level clients in the face of a collapse of the USA. A European bank executive has said early this morning that the Banks involved in Madeoff's fund were exposed through loads and leveraging and that these loans will be repaid in full from Israel. All of the charities involved have Israeli offices, so they also are of an understanding that their money is now available there. Sources say that Madeoff has a base in Israel and that he will offer all clients his services there as a continuem to his services in New York. Speculation has it that he is advising transfer of client's funds into physical gold holdings in coded safety deposit boxes. This advice jibes with the notion that the money needed to be taken out of the US on fear of collapsing US dollar and seizure of funds by IRS and courts for frauds committed during the subprime bubble. The Swiss bank client leak has caused these banks to no longer be viable avenues for asset concealment. Madeoff's clients are not just in the US. He has moved funds to Israel for clients in Russia, France, England, and Switzerland in the scheme in which he is involved. Some insiders are saying the amount involved may be closer to $100 billion.”

For a good chuckle or groan see the Madoff Business Model described (CLICK HERE).