BEYOND BELIEF

On September 23, Chicago's Crain's Chicago Business headlined Rabbi accused of defrauding Holocaust survivor, other investors, settles Ponzi scheme charges. This Rabbi settled claims that he and a business partner has "...operated a Ponzi scheme that triggered a $145 million default. It turns out, as Crain's reported, this Rabbi and his associates were still negotiating the amount of their restitution and civil penalties.

The fact that this Ponzi scheme blew up, that at least one Holocaust survivor was among the victims along with countless others, is reprehensible. More so was this quote attributable to the Rabbi's attorney with regard to the settlement of two civil suits:

"It was the right thing to do. In the Jewish Orthodox community, that's what we aim for...There's a higher authority that needs to be answered."

Leave one speechless, doesn't it?

Rwexler