Heshy Friedman

Orthodox Seen Lured Into 'Affinity Fraud' Totaling $200 Million

12/25/2009
Special to The Jewish Week

 In an alleged financial fraud that has ensnared Orthodox Jewish investors from New York to Florida to London, a Lakewood, N.J., businessman is accused of bilking them out of more than $200 million through phony real estate deals, according to complaints made in multiple lawsuits across the country.

Orthodox Seen Lured Into 'Affinity Fraud' Totaling $200 Million

Lakewood, N.J., real estate investor accused of far-reaching scheme; may have laundered money through charities; grand jury empaneled.

12/30/2009
Special to the Jewish Week

(Posted Tuesday, Dec. 29, 5:45 p.m.) In an alleged financial fraud that has ensnared Orthodox Jewish investors from New York to Florida to London, a Lakewood, N.J., businessman is accused of bilking them out of more than $200 million through phony real estate deals, according to complaints made in multiple lawsuits across the country.

Eliyahu Weinstein: Fourteen lawsuits from around the country have been filed against him.

Orthodox Seen Lured Into 'Affinity Fraud' Totaling $200 Million

Lakewood, N.J., real estate developer accused of far-reaching scheme; may have laundered money through charities; grand jury empaneled.

12/30/2009
Special to the Jewish Week

(Posted Tuesday, Dec. 29, 5:45 p.m.) In an alleged financial fraud that has ensnared Orthodox Jewish investors from New York to Florida to London, a Lakewood, N.J., businessman is accused of bilking them out of more than $200 million through phony real estate deals, according to complaints made in multiple lawsuits across the country.

Eliyahu Weinstein: Fourteen lawsuits from around the country have been filed against him.

To Take Or Not To Take

01/27/2006
Staff Writer
A wealthy Jewish businessman makes aliyah and donates to a Jewish cause, but questions arise about the businessman's background and he threatens to withdraw his donation. Then the businessman reconsiders. Often this would take place behind closed doors, away from the public view. When the businessman in question is billionaire Russian financier Arcadi Gaydamak, however, when the donation is $50 million, when the recipient Jewish organization is the quasi-governmental Jewish Agency, it's all been recorded in recent weeks in the Israeli press.
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