A furious Chabad spokesman claims that the Shefa Yamim Exploration and Mining company has been using the name of Chabad’s dead rebbe without authorization to promote its diamond exploration business, which is focused on finding precious stones in the area surrounding Haifa, Israel.
Chabad Reportedly “Furious” As Mining Company Uses Dead Rebbe’s Name To Lure Investors
Shmarya Rosenberg • Failedmessiah.com
Chabad is mad – really mad.
A furious organization spokesman told Ha’aretz that the Shefa Yamim Exploration and Mining company has been using the name of Chabad’s dead rebbe without authorization to promote its diamond exploration business, which is focused on finding precious stones in the area surrounding Haifa, Israel.
"The Rebbe never said there are diamonds near Haifa. This is just how one businessman interprets things he once said,” Chabad asserted.
Shefa Yamim was allegedly founded after a conversation between the late Rebbe, Rabbi Menachem M. Schneerson, who died in 1994, and the mayor of Haifa, Arie Gurel. Curiously, Ha’aretz reports that this meeting took place in 1998. Obviously, it didn’t.
The Rebbe didn’t have meetings with any individual after the late 1970s. All that could have taken place was a brief one to five minute exchange as the Rebbe was passing out dollars to followers for them to give to charity, a routine that happened almost every Sunday the last few years of the Rebbe’s life until his stroke in the early 1990s, or at an even more brief chat during a farbrengen (public hasidic gathering at which the Rebbe spoke).
During this very brief chat the Rebbe apparently said that gems abound in the Haifa area. It is unclear whether the Rebbe was speaking metaphorically.
Nonetheless, Shefa Yamim is now using that claim in its presentation to investors.
The value of Shefa Yamim stock has been bouncing up and down after the company announced an unverified finding of a 5.72-carat sapphire last week. In four trading days it jumped 120%, then plummeted 40%. Sunday it jumped 17%.
Shefa Yamim is eerily similar to Australian Chabad Rabbi Joseph Gutnick’s mining ventures in the late 1980s and early 1990s. Gutnick’s various schemes look like affinity scams and run like classic pump and dumps – except it was the Rebbe’s blessing and his ‘assurance’ of success that drove up his stock’s price.
Gutnick, many of his close friends and family, and haredi charities – primarily Chabad charities – holding large amounts of his stock all sold near the stock’s peak. The Chabad ba’al teshuvas and other Chabad followers lacking social standing and a direct Gutnick connection didn’t see in time. Gutnick’s stock crashed. Many of the Chabad unwashed lost their life savings.
Another Chabad Diamond Mining Scam?
Gutnick, Chabad, Aish, Alleged Stock Market Affinity Schemes.
Scam? Stock's Price Dramatically Rises Based On A 23 Year Old Blessing From The Rebbe.
[Hat Tip: Joel Katz.]