Yes, Bernard L. Madoff is a Jew.
Bernard Madoff was arrested and charged today with allegedly running a $50 billion Ponzi scheme, according to U.S. authorities.
According to Yeshiva University, "Bernard L. Madoff, a member of the University’s Board of Trustees since 1996, was elected chairman of the Board of Directors of Sy Syms School of Business in 2000. Mr. Madoff is chairman of Bernard L. Madoff Investment Securities, one of the nation’s largest third-market dealers in New York Stock Exchange and over-the-counter securities. A Benefactor of the University, Mr. Madoff recently made a major gift to the Sy Syms School."
Forbes reports this 'UNFORTUNATE SET OF EVENTS':
"Bernard Madoff is a longstanding leader in the financial services industry," his lawyer Dan Horwitz told reporters outside a downtown Manhattan courtroom where he was charged. "We will fight to get through this unfortunate set of events."
A shaken Madoff stared at the ground as reporters peppered him with questions. He was released after posting a $10 million bond secured by his Manhattan apartment.
The SEC filed separate civil charges.
"Our complaint alleges a stunning fraud -- both in terms of scope and duration," said Scott Friestad, the SEC's deputy enforcer. "We are moving quickly and decisively to stop the scheme and protect the remaining assets for investors."
The SEC said it appeared that virtually all of the assets of his hedge fund business were missing.
Madoff had long kept the financial statements for his hedge fund business under "lock and key," according to prosecutors, and was "cryptic" about the firm.