More details have arose in the Madoff case of “stunning fraud” first covered early last week. It’s been revealed the two senior executives which Madoff revealed his fraudulent operation to were, in fact, his sons, Mark and Andrew Madoff.

Mark Madoff was, in 2001, employed by Mary Schapiro, presently chief executive of the Financial Industry Regulatory Authority, to serve on the board of the National Adjudicatory Council. Ms. Schapiro is currently listed as President-elect Barack Obama’s choice govern the Securities and Exchange Commission.

Both Mark and Andrew vehemently deny any involvement in this pyramid-type fraud — arguably, the largest of any such fraud this century.

Bernard Madoff is currently under electronically-tagged house arrest in his Manhattan apartment.

Jewish charities are claiming internationally that they are directly affected by this arrest. Allegedly, the majority of Madoff Investment Securities’ clients were fellow members of the Jewish community, being supported by the consistently high returns on investment that Madoff’s Ponzi scheme was able to easily provide.

Bernard is member of a number of Jewish charitable and support organizations, all of which received regular funding from either investment in his scheme, or, through direct donation from Madoff and his associates.

Many in the financial community are attacking Madoff, and those involved in the recently announced insider trading fraud at Lehman’s as members of the political movement which desires to re-create a Jewish-dominated homeland state, through whatever means necessary.

“Sometimes we have seen this wrongdoing happen, and it cuts into endowment funds. But I have been working here for 10 years and I haven’t seen a situation where organizations simply disappeared,” spoke a senior director at the Association of Fundraising to reporters on Tuesday.

Reuters interviewed the president of the former Chais Family Foundation, a foundation which provided support funds to Jewish families in internationally “hard places,” such as the former Soviet Union, who announced the foundation would be disbanded, as “the entire fund was invested through Mr. Madoff, and as a result the fund has been completely obliterated.”

“I can’t think of anything since the Great Depression that had an impact of this size [on our business.]” said the president of Rockefeller Philanthropy Advisors, to Bloomberg International.

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