Madoff’s Curse

Madoff’s Curse

Bernie Madoff, the convicted perpetrator of what has been called the largest Ponzi scheme in history, is now sitting in jail for the rest of his life. The list of victims of his fraud is broad. The victims include universities, charitable trust funds, non-profit organizations, retirees, high-net-worth individuals — and now his wife.

In an effort to recoup just a fraction of their losses, the victims’ legal representatives are going after any and all assets his wife may have, including artwork and silverware, not to mention cash and bonds. Mrs. Madoff’s lawyers will try to prove that those funds and possessions were hers, inherited and/or independent of Bernie’s shenanigans.

Rabbi Ovadia Sforno would have predicted the fate of Mrs. Madoff’s wealth.

Deuteronomy 7:25-26 in an apparently disjointed passage about successful conquering of the Land of Canaan adds:

“The carved images of their gods you shall burn in the fire; you shall not covet and take for yourself the silver and gold that is on them, lest you be ensnared by it, for it is an abomination of Hashem, your God. And you shall not bring an abomination into your home and become banned like it; you shall surely loathe it and you shall surely abominate it, for it is banned.”

Sforno provides a novel interpretation of these verses. He states that anyone who coveted the illegal silver and gold will first of all not see any gain whatsoever from the ill-gotten funds – and secondly, he will also lose everything that he had rightfully and legally earned before. The dishonest funds will infect the honest funds and together all of the person’s possessions will become valueless.

In the business world, it is common for people to be ruled by greed and fear. It is often considered fair game to make a buck by less than above-board means. Sforno makes two important points. We should get our priorities straight in our commercial efforts; and that deceitful practices are completely counterproductive – not only in the spiritual realm, but in the very practical world of commerce.

May we always be able to walk the ‘golden’ path and reap the rewards, both financial and otherwise, in this world and the next.

Shabbat Shalom,



To the many worthy and noble people and organizations whose activities have come to a halt or been curtailed because of Madoff’s scam. “Relief and salvation shall come from another source.” (Esther 4:14)

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