Among Madoff's victims are many Israeli organizations, research centers and universities.
ERAN, which provides emotional assistance to those in distress, was among the hardest hit, with its biggest donors no longer able to provide financial support, ERAN director Daniel Ginsberg told Army Radio. He said he had not found comfort in the 150-year sentence handed down to Madoff.
"There is no comfort in the sentencing of one man," Ginsberg said. "Hundreds of thousands of people who cannot get assistance because of this scheme will not suddenly heal just because he received a long sentence. The real pain comes from the fact that an incident like this can happen anywhere without supervision."
The list of Israeli establishments hit by the Madoff scandal includes the Technion, the Hebrew University of Jerusalem, Tel Aviv University, Bar-Ilan University and the Jewish Agency.