Bnei Brak, Israel – Another Ponzi has been uncovered in the ultra-religious sector. Kikar Shabbat, a news Web site caters to the sector, reports that Moshe Zussman bilked about $50 million from Bnei Brak residents and wealthy families overseas.
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He claimed to be an expert on currency speculation and even ran a Web site purporting to show detailed reports of client accounts. After investors became suspicious and asked to meet with him, Zussman reportedly broke down and admitted: “I’m a haredi Madoff.” He told the investors that their “profits” had derived from other investors, that their account reports had been faked and that the Web site itself was a fake domain.
Meanwhile, Zussman has reportedly fled the country with his family, apparently to London.
Amazing! So Bnei Brak residents have (had) money after all!
Who is this person?
Nebbech. When will people learn that there’s no such thing as easy money
I know for a fact that it was not a ponzi scheme. He made some bad investments and got scared.
He is a zionist plant
its all a mafia. at one time giving tzedaka helped your neighbors who were in need. jews donated and the tzedaka was passed around the shetel to all those who needed. nowadays we can write checks, charge it to our credit cards. so we dont know where or who our money is really going to. there is more than enough tzedaka going around israel that they dont need americans to write them checks so they can put a new gold plaque on their bima.
i do not donate to israel. i donate locally. this way i know the money is going to be used to help people.
besides beni barakians get paid to sit and study. i dont.
Why does money have to blind people!! esp a ‘frum’ guy (your not frum if you can do that) should realize that everything comes from Hashem.
Yes #3 & #4 the grass is greener on the otherside!!!! There are plenty of people in israel who have money….. well l dont know now!!
He bilked $ from wealthy BB residents.
While most BB residents might be struggling, it is no steera that this “chareidi madoff” found the rich ones.
Please do not judge the poor ones that you see in America.
They deserve our sympathy for two reasons: (1) some of them are actually poor. If you verify their letters of recommendation you will see (2) they will have to deal with the ripple effects of this imposter for many years.
Rabossai let’s have some rachmonos. Please.
Residents of New York: Brace yourselves and hide your wallets: the shluchim will be pounding the streets hounding us for OUR money to cover THEIR bad investments. (As if we didn’t lose enough of our money due to price increases, toll increases, tax increases, diminishing salaries, tuition increases…..)
can someone please explain this paradox?
we keep on seeing in the news that bnei brak is the poorest city in israel, yet we keep on hearing storeis like a ponzi scheme of 50 million etc. what’s really going on there?
if they do have money just stuff it in risky investments let them not come to us shnor for our hard earned money. if they don’t have, how can one loose something he doesn’t own?
Why work, when you can cheat others of their hard earned money.
to all of you groisah tzadikim that think it is a chiyuv to be melamed zchus on a frum person even though he is a big, fat, hairy, miserable, ganav, you are wrong. the gemamra say, roiv ganvei, yisrael, and zussman is no different. and besides, try doing business with a frum person, where you trust his word becuase of the way he looks and speaks, – yeshivesh, frum, vechulu – and you will begin to realize that Madoff isnt as bad as purported. Becuase Madoff dressed like a goy, spoke like a goy, lived like a goy, and acted like a goy. so while we will be melamed zchus on everyone, lets be melamed zchus on Madoff, veil ehr iz oich a yid, und hitler volt em oich geharget!!!
get my drift?????