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Whenever his customers wanted withdrawals, the guy paid her or him from the Chase account—a vintage "robbing Peter to expend Paul" situation. Jeffry Picower, rather than Madoff, has been the biggest recipient out of Madoff's Ponzi strategy, and his awesome home paid the new states up against they for $7.2 billion. Impacted Jewish charity communities felt sufferers associated with the affinity fraud is Hadassah, the ladies's Zionist Organization out of America, the brand new Elie Wiesel Base and you may Steven Spielberg's Wunderkinder Basis.
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