Powerful Zionist advocacy organizations have been funded to such astronomical levels that it comes as no surprise to find their income sources are tied in with fraudsters like Bernard Madoff. It has long been suspected that these organizations may also be receiving funds which are somehow redirected back to the USA from the billions extorted from Americans every year to prop up the state of Israel. Jewish agencies like AJC, AIPAC, WJC, ADL, WZO, Wiesenthal and the list is very long – out number advocacy organizations for any other group of people by at least a factor of ten to one and is the reason why Jewish and Israeli interests are put ahead of American interests so blatantly. The report below from The Foward provides some rare insights as to the incredible budget of the American Jewish Congress, one of the Jewish extremist organizations most responsible for changing our immigration laws. — admin
AJCongress Crippled by Madoff Scandal
By Anthony Weiss
One of the Jewish community’s most storied national organizations revealed that it has been gutted by the financial collapse of investor Bernard Madoff, losing the vast majority of its endowment.
Officials at the 90-year-old American Jewish Congress disclosed that apparent fraud at Madoff’s investment firm had cost the organization roughly $21 million of the $24 million in endowments that supported the AJCongress and its programs. Those endowments funded roughly one-fourth of the organization’s budget which, in 2006, was $6.2 million. In the wake of the losses, the AJCongress already has commenced staff firings and the slashing of programs, but its leaders have vowed to press on.
“It’s a serious blow,” said Marc Stern, the AJCongress’s acting co-executive director. “It’s not fatal. And we’re regrouping and going to rebuild the organization. But I wouldn’t deny that it’s a serious blow.”
The losses are particularly damaging given that, by many accounts, the organization has struggled to sustain its funding and to establish a clear identity in the Jewish communal world. Some observers predicted that this latest catastrophe could be fatal. (…Full Article)
