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haredi community in uproar over latest Financial scandal
July 14, 2009, 9:43 am
Filed under: Uncategorized


Owner of Homesh Investments, believed to have fled Israel after company lost tens of millions of shekels of clients’ money, refutes rumors, says he’s trying to rectify the situation

Financial scandal is stirring the ultra-Orthodox community: Homesh Investments, one of the sector’s biggest firms, said to mangage assets worth tens of millions of shekels, may be on the verge of bankruptcy. Homesh’s owner, haredi businessman Asher Shapranovich, was rumored to have disappeared, and possibly to have fled Israel, but he refuted those assumptions by turning up at the firm’s offices in Bnei Brak.

According to suspicions, hundreds of Shapranovich’s clients have lost all of their money – tens of millions of shekels – due to ill investment. Shapranovich is known throughout the haredi community as a philanthropist who has donated millions to charity. According to the sector’s media, his clients had only a minimal return on their investments. Once rumors of financial difficulty began circling the community, many of them arrived at the posh Bnei Brak officers, only to find he was gone.

Taken from and read more:,7340,L-3746429,00.html


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‘Rabbi’ Elior Chen nabbed in Brazil

Self-proclaimed ‘rabbi’ suspected of ordering followers to abuse children reportedly turns himself in to Brazilian police, who later say he did not surrender, but rather, was nabbed. Chen, who maintains innocence, says he preached legitimate educational values

Efrat Weiss Published: 06.04.08, 11:20 / Israel News

“Rabbi” Elior Chen, who fled Israel to Brazil to escape allegations of his involvement in numerous cases of the most horrific child abuse in recent memory, reportedly turned himself in to Brazilian law enforcement authorities in Sao Paulo on Wednesday.

However, police in Brazil later said Chen did not surrender, but rather, was nabbed after he was identified on the street.,7340,L-3551733,00.html

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