Unfortunately, once again, a chareidi yid is mentioned in connection to another money scam, bringing yet another chilul Hashem to the community.
According to The Marker report, a 36-year-old resident of the chareidi community of Rechasim handled millions of dollars of investor funding, promising yields up to 15% monthly. During recent months, his luck seemed to have vanished and he lost much if not most of the investors’ money, leaving many chareidim and periphery community residents with a big hole in their wallet.
Israel Internal Revenue Service officials believe he is guilty of failing to report NIS millions in income, having rolled NIS 200 million during the last decade. He ran an agency employing 10-15 agents nationwide. One of the cities which was targeted heavily was Netivot, with the report stating about 80% of the city’s residents were invested in one portfolio or another. Many young folks in the southern development community drove fancy vehicles, just from their monthly earnings from him.
An Israeli tax official reports this was another Ponzi scheme, which has taken down many chareidim as well as residents of development areas. He explains that if things become difficult, and too many people seek to pull out simultaneously, the entire operation collapses.
(Yechiel Spira – YWN Israel)
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8 Responses
oh my how sad. Such a chilul hashem. Why dont people learn from other peoples mistakes? I guess the temptation for money is too hard to resist. Let us be him dan lzchus befor rosh hashanah.
15% guaranteed annual returns (with the dollar deflating)??????
akuperma – its not annual – the article says “promising yields up to 15% MONTHLY”!! is that a mistake or are people really not thinking to believe that something like this isnt a hoax?
Why isn’t this Lashon Hara? I would think on yeshiva world news they wouldn’t post Lashon Hara. Btw LH is the truth, so even if this is true, and even though most of us don’t know his name, it is still saying bad things about yidden – it is a kitrug during aseres yemei teshuvah that the soton can tell Kudsha Brich Hu -look they cheat! And it is yidden spreading Lashon Hara that power the kitrug of the soton.
to #4:
So I guess if it is not reported and no one knows about it, then it is like it never happened? How else will the Heimishe world know not to continue with illegal shtick, if it is not reported???
#5- the only person talking lashon hara here is you!
Yes, that’s right.
You were motzei shem ra on the ywn editors in a public forum.
This story is 100% not lashon hara.
In fact, i don’t know why the editors chose to leave out this ganav’s name.
Go learn some chofetz chaim shmiras halashon to find out why you are michuyav to inform anyone and everyone of such people.
have a gmar chasima tova, and make sure to ask ywn mechila, right here in the same public forum that you chose to smear their name in.
Greetings all,
IN my humble opinion, being a Chassidishe yid who suffered this year from the Wextrust fraud I think it is a great mitzvah to inform the Haredi community of these frauds. It is clearly in the halachic geder of lashon hara letoeles to widely publicize the mistakes some have made in order to prevent others from falling into those same mistakes. As far as the perpetrator being a “haredi jew” I like to tell a story. Once a “haredi man” went to a seminar in Jerusalem and harassed some of the girls. When one of the girls went to the police station to report this, the officer pulled out a thick picture book of crazies dressed as haredim. Rebbes, chassidim, litvaks; you name it. The officer explained that there are even secular people who dress up as Haredis to perpetrate crimes. The man above was obviously just an actor, pretending to be a good jew. Rachamana liba bei, the Ribbono shel olam looks into the heart, not the hat! Gemar hasima tovah.
#6 & #8 if the point of this article was to raise awareness that he is a Ganev I would suppose a Rav should be consulted about whether or not his name and actions should be publicized. (If a Rav was consulted I apologize to the Editor.) One of the conditions that the Chafetz Chaim sets forth for permitting לשון הרע לתועלת is that your inte
nt is the תועלת. The internet equivalent of “selling a newspaper” by having sensationalist articles is hardly לתועלת! Now before you all get bent out of shape by my comment try to think how hard it would be for an editor of a site that’s income is almost directly tied to the amount of sensation and controversy it generates, to honestly understand for what reason he is publishing an article.
Does anyone else ever wonder why this site is
called Yeshiva World?