Would you like a shmear on your Ponzi & Lox Mr. Chiamyankle.

Discussion in 'Wall St. News' started by stock777, Aug 14, 2008.

  1. SEC Says Synagogue Members
    Were Cheated in a Large
    'Affinity Fraud' Case
    August 15, 2008

    Rabbi Chaim Silver of the B'nai Israel Congregation in Norfolk, Va., says that members have called him often with a question about a congregant: "Can I trust Joseph Shereshevsky? I am planning to invest a lot of money with him."

    The rabbi assured them: "He is the kindest, most generous, trustworthy man."

    Rabbi Silver and a number of Orthodox Jews were shocked by Monday's arrest of Mr. Shereshevsky and a business partner at WexTrust Capital, a Chicago-based private equity firm. Federal prosecutors in New York charged them with raising more than $250 million through a Ponzi scheme -- mainly from Orthodox Jews. A spokesman for the firm declined to comment.