Vanguard News Network
VNN Media
VNN Digital Library
VNN Reader Mail
VNN Broadcasts

Old May 10th, 2010 #1
jackumup
Senior Member
 
jackumup's Avatar
 
Join Date: Dec 2006
Location: pennsylvania
Posts: 1,346
Default Another scam, another jew

n Cherry Hill, 'scaled-down version of Bernie Madoff'

By Barbara Boyer

Inquirer Staff Writer

Financial planner David L. Garfield enjoyed life as a "pillar" of the community, serving as president of the Katz Jewish Community Center and the synagogue M'Kor Shalom in Camden County.

At the same time, say criminal investigators, Garfield scammed family and friends out of millions of dollars, pillaging trusts for widows and the disabled and investments set aside for inheritances and retirements.

Since Garfield's death Jan. 26 at 67, authorities have discovered that the Cherry Hill resident ran an elaborate Ponzi scheme they believe dated to at least 1993.

In lawsuits filed since January in Camden, Burlington, and Middlesex Counties, more than 20 investors claim losses totaling more than $5 million. Victims include a woman in her 90s and a close friend's autistic grandson.

Garfield's death has presented a stalemate for the Camden County Prosecutor's Office, which is expected to end its criminal probe this week after investigators review a report from the court-appointed executor of Garfield's estate.

"Was a crime committed? Yes. Who did it? David Garfield. Was anyone else involved? No," said Assistant Prosecutor Mark Chase, who is overseeing the investigation. But, he said, "we can't prosecute a dead guy."

No one knows what happened to the money managed by Garfield, named by Philadelphia magazine last year as one of the region's top 100 financial planners. His clients hope to recoup their losses, but it doesn't appear there's much left, their attorneys say.

The lawsuits - against Garfield and his estate; his widow, Marjorie; and his Voorhees financial companies - will likely take years to resolve.

"This was a scaled-down version of Bernie Madoff," said Cranford, N.J., lawyer Charles Radler, who filed the first suit against Garfield.

Many victims knew Garfield, an investment counselor since 1973, on a personal level. He met some at M'Kor Shalom in Cherry Hill, where he was president from 1981 to 1984.

Voorhees veterinarian Marc A. Rosenberg, vice president of the Katz J.C.C. in Cherry Hill when Garfield was president from 1984 to 1986, said his father hired Garfield 10 years ago to manage a trust the elder Rosenberg had established for his wife.

His late mother trusted Garfield, Marc Rosenberg said. They saw each other monthly, and Garfield made sure her financial needs were met.

"He was always an admirable, honest, and wise man. And I really believe he was - until he wasn't," Rosenberg said of the friend who, by all accounts, lived a quiet life dedicated to his family. "He turned out to be a con man, but I don't think he started out that way."

Rosenberg has sued in hopes of recovering $200,000 he said he and his wife gave Garfield to buy certificates of deposit.

He and his siblings also filed a lawsuit after learning that $500,000 was drained from their mother's estate.

"It's still very hard to believe that this pillar in the community ended up being what we're seeing now," Rosenberg said. "He was always an unostentatious man."

Cherry Hill lawyer John A. Zohlman said he was able to track some of the Rosenbergs' investment, which he hopes they can claim. But large withdrawals, including a $90,000 check Garfield wrote to himself Dec. 29, added to their losses.

"It appears as though he was getting pressure from all over the place," Zohlman said, "and the house of cards was falling."

When Radler filed his suit on behalf of cardiologist Ian J. Molk in Middlesex County, he said it was apparent that documents had been forged.

Molk, like the others, was after safe investments, not out to make a killing, Radler said. He invested $500,000 and also hired Garfield to manage retirement accounts for his employees worth $430,000.

http://www.philly.com/inquirer/home_...e_Madoff_.html


__________________
Fire up the trains, It's time for uncle jewey to head to happy camp

Who the fuck says israel has a right to exist

"Name the jew" -Bud White
 
Old May 10th, 2010 #2
TommyJ
Banned
 
Join Date: Oct 2009
Posts: 1,187
Default

EEEEEK! What a jewy jew-lookin jew. If he was ripping off other jews he probably has a special place in hell where he mans the door for jew hell - a plain white room with a penny inbedded in the floor in the center of the room. In this room jews tear each other to bloody shreds for a chance to sit on the penny and claim it as theirs. This goes on forever, over and over - once a kike is mangled and removed from the penny by another kike, the spent yid instantly appears, whole, right outside the door to the room again, ready for another round.
 
Old May 10th, 2010 #3
ray bateson
baппed
 
Join Date: Jul 2009
Location: A:\
Posts: 3,367
Default





Uncanny. Makes you wonder how the hell they tell each other apart...
 
Old May 10th, 2010 #4
The Bobster
Banned
 
Join Date: Feb 2007
Location: Filthydelphia
Posts: 10,095
Default

That's what the tattooed numbers are for.
 
Old May 11th, 2010 #5
Tom G
Junior Member
 
Join Date: Oct 2007
Location: Ohio
Posts: 90
Default

This just might make the federal news. A jew criminal is only on the news if he rips off other jews. If Madoff had only stolen from us goyim we would not have heard his name. Too bad he is dead, it would have been interesting to see him in the same jail as Madoff.
 
Reply

Share


Thread
Display Modes


All times are GMT -5. The time now is 07:11 AM.
Page generated in 0.11041 seconds.