By Benjamin Schuman-Stoler Another financial drama is having rippling effects in the Jewish community, only, unlike the financial misfortunes of Sheldon Adelson we wrote about last week, this one is despicable. Bernard Madoff, the founder of Bernard L. Madoff Investment Securities LLC, was arrested Dec. 11 after admitting responsibility for a massive Ponzi scheme. Both JTA and Bloomberg reported on the effects Madoff's arrest will have on non profits. JTA says: The Robert I. Lappin Foundation in Salem, Mass., announced Dec. 12 that it would shut down after losing $8 million -- all of its money. And the Chais Family Foundation, which gives out some $12.5 million each year to Jewish causes in Israel, the former Soviet Union and Eastern Europe, announced its closing Dec. 14. At least one nonprofit is calling out for help in the wake of Madoff’s...

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