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“Jews are always a convenient scapegoat in times of crisis, but the Madoff scandal and the fact that so many of the defrauded investors are Jewish has created a perfect storm for the anti-Semites,” Abraham H. Foxman, ADL National Director, said in a press release published by the organization. “Nowadays, the first place Jew-haters will go is to the Internet, where they can give voice to their hateful ideas without fear of repercussions.”

“Blogging and social media sites are changing the way people communicate their reactions to events in the news and interact with each other,” Foxman continued. “More people are online than ever before, and many more Web sites offer users the ability to comment immediately and anonymously. Those who harbor anti-Semitic beliefs feel most comfortable expressing themselves in cyberspace, where they can provoke a reaction from others or find like-minded individuals to affirm their beliefs.”

Dozens of private investors, philanthropic foundations and banks fell victim to the scandal, which rocked the already shaky financial world. Madoff has since been ordered by a court to remain confined to his Manhattan apartment pending further legal proceedings.

Popular news sites in New York and Florida - the two epicenters of the Madoff story - have seen their share of anti-Semitic posts since the scandal broke. At one point the comment section of The Palm Beach Post featured numerous anti-Jewish posts (subsequently removed by the site’s administrators); other high-traffic sites with anti-Semitic posts have included the comment-enabled sections of the South Florida Sun-Sentinel, Forbes, New York Magazine, the New York Post, and Israeli web sites of Ha’aretz and The Jerusalem Post.

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