« Hasidim And Education | Main | Chabad Rabbi's Modesty Letter On Married Women's Wigs And Unmarried Women's Hair Raises Hackles »

February 04, 2013

Chabad Reportedly “Furious” As Mining Company Uses Dead Rebbe’s Name To Lure Investors

RebbeA 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.

Rebbe
The Rebbe, Rabbi Menachem Mendel Schneerson

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.

Related Posts:

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.]

Comments

Feed You can follow this conversation by subscribing to the comment feed for this post.

In Ch-bad parlance, furious = really delighted for the exposure, especially that they don't consider R' Mame'sh to be among the dead!

Posted by: Yosef ben Matitya | February 04, 2013 at 11:16 AM

in addition to my above posting, it will also depend if diamonds are found or not. if there are diamonds, i trust the find will be used to extoll the 'vision' or r' mm'sh.
if none are to be found, and people will get angry at losing money, of course ch-bd will wash their hands from the deal.

Chabad Reportedly “Furious” As Mining Company Uses Dead Rebbe’s Name To Lure Investors
Rest of the world reportedly furious as Chabad uses dead Rebbe's name to lure donors and followers.

If you are stupid enough to invest even one penny in this scheme, you deserve what you'll get.

This is a legit mining company. They mine investors money and they are super good at it. I have an acquaintance that lost 500k with them. Luring the novices into their get super rich trap. Good luck to all of you PROSPECTORS

The real problem here is not that the mining company is using Schneerson's name to promote a fraudulent venture. The problem is that Chabad is not being compensated for the use.

Has any entity licensed the dead rabbi's likeness or name?

Didn't Orbitz pay for using him as the "Roaming Gnome"?

Here we go again, an eternal game of "How Low Can You Go?" or "You Pump It, I'll Dump It."

Hey, don't you know that the Rebbe said that the diamonds are in Australia and will be found by 1993, and don't you know that the future is in fake ice cream??!!!!!

Seriously, how can the Chabad Beis Din allow these scams to go on, from real estate frauds, to insurance frauds, to diamond mining pump and dump frauds, and they never seem to run out. Did anyone in Crown Heights notice that the victims of these crimes are ALSO Chabad people? Why does everyone in those communities want to bash the victims and laud the perps?

VALUES?????!!!!! Remember?

Gee whiz: they promote him as the Jewish Pope, the leader of world Jewry, the rabbi to every yiddische neshoma, then they get pissed when someone want to embrace him as his/her own.

How many Maimonides hospitals and schools are there? There was an Akiba in Philly, and there's a Rashi in Boston; so what if there's a Schmearson Company? They should be pleased. After all, they're the pirsumet ha-nes people every Chanukkah.

CHECK IT OUT FOR YOURSELF | February 04, 2013 at 12:50 PM

great video,
where do i sign? where do i sign?

the rebbe the rebbe, the rebbe is alive and well. he is sitting in his chair. the righteous see him even as we sinners[ non chabad's] do not. There is gold in them thar hills ,so why not diamonds in haifa.surely there are diamonds as there are diamond cutters in the holy land. this is the kettle calling the pot black.

Posted by: CHECK IT OUT FOR YOURSELF | February 04, 2013 at 12:50 PM

Thanks for video, where do I sign up, this is it I know I am going to hit it big do they take 401K, I will take out a third mortgage (the second one I took for the Australian diamond venture) .

PS if the death Rebbe knows where the diamond are without a doubt he knows what the next Powerball numbers will be, please Rebbe help me, I will be a good Jew get drunk and do whatever you tell me to do, just let me know the next Powerball numbers.

I'm confused!

On one hand, Chabad is complaining about using the dead Rebbe's likeness to promote an investment. On the other hand, they claim that he never died.

Posted by: Joe Field | February 04, 2013 at 01:52 PM

It's not the same. One is a fact that has already been set (the location of sitting gems already exists and their location is a constant), while the other has not yet been decided (the powerball selection has not happened yet, making it a variable). Just saying that knowing the first does not indicate knowledge or the capacity to know of the latter.

I saw the opening of the clip (I'm on a remote computer with limited bandwidth), but from the beard length it's clearly still the 80s (maybe it was a typo and should be 1988?), and taking it for their commercial use seems fair game. It's as good as using anything else the Rebbe said to promote something whose outcome is uncertain when the words match so,so well and the intent can mean anything, and Chabad has not made any official condemnations of the Rebbe's likeness and words being used for personal, ideological or business uses in the past.

Posted by: Maskil | February 04, 2013 at 02:26 PM

I agree that the existing of diamonds in the ground is a fact only if it was discovered; otherwise it is a variable, based on the fact that diamonds are found in only a very small percentage of areas compared to the whole world. The same is with the Powerball; we know that the numbers are there and eventually someone will win, the numbers are there so it has the same variable as diamonds. Actually if you look at the mathematical differences I think that diamonds is much more uncommon than the Powerball which 175M odds.

> Ha’aretz reports that this meeting took place in 1998.

Well according to Chabad theology it certainly is possible.

Ha’aretz reports that this meeting took place in 1998.

Well according to Chabad theology it certainly is possible.

Posted by: Garnel Ironheart | February 04, 2013 at 03:10 PM

Not only is it possible, in the coming years Chabad-Lubavitch will cite it as PROOF that Schneerson couldn't have died in 1994, since he was "giving interviews" in 1998.

How to turn $1000 into $1,000,000 overnight....

1- Buy Stock in Shefa Yamim
2- Buy a small rough diamond
3- Throw it into their diamond mine.
3- Company finds it.
4- PRESS RELEASE = DIAMOND FOUND!!!!
5- Stock goes through roof.

Repeat steps 1-6 over and over!

Chabad has 4,000 missionaries perpetually soliciting IN THE DEAD REBBE'S NAME, to invest in their children's "education" to invest in the preservation of Schnnerson's "historically vital" videotaped encounters, in the exploration for precious stones ... Why so furious at number 4001?

Classic scam... I guess they are trying to emulate the perfect scams Joseph Gutnick did, many times over, in the late 1980's and 1990's. Joe Gutnick just recently, did it again... in 2007 he came up with a story that his company Legend International Holdings, Inc LGDI discovered phosphate raising 30 million US dollars on that story then an additional 105 million US dollars in 2008 when he said they need more then 30 million dollars to be able to start shipping the phosphate to India right away, that story pumped his stock from pennies to $5.05. Then he sold most of his current shares at the time for 50% discount to the market which at the time was at 3.50, once it became public that Joe sold a huge steak of his stock at about 50% less then the stock price, it crashed down to .50 cents to $1 range. Guess what lol... he never spent 1 penny of the 135 million US dollars to started production nor shipped even an ounce of phosphate to India... So where did all that munti millions go, you would think his company still has it right? No, all the money is gone...plus the company now has debt as well so if anyone sues him there is nothing left but debt. So where did all that money go? I am really not sure, but from the public filings I found that some of it went to pay for his personal jet that he sold to his own company, sick sick sick, what a guy... so he can funnel some of that money out. Who do you think is using that jet? Joe Gutnick for his personal use and billing all the expenses to the company with the shareholders money. Its obvious what he's doing scamming all his shareholders, but how does he explain to the world why Legend International Holdings needs a jet, when there is no where to land it near the site of the supposed phosphate protect.... forget the fact there is nowhere to land a jet there, from what I read there are no roads either lol...guess where the stock is now? .06 cents... not kidding and the listing was moved to the pink sheet exchange (in other words junk) so now the symbol was changed to LGDI.PK WOW WOW WOW

So tha'ts where Shefa Yamim Mining learned these tactics, once they saw Gutnick can do these scams still successfully today after doing it dozens of time before and getting away with it. Do you really blame these new guys from trying it just once?

Posted by: Marvin | February 04, 2013 at 10:00 PM

Wow!

Tomorrow night a small group of Chabad Mekubalim will be meeting at the Ohel. Apparently they will be reciting tefilos for exactly 72 minutes after which they expect a physical manefistation of the Rebbe to appear clearly. They say that once he departs the Ohel, if he sees his shadow then Shefa is in for three more years of mining before they hit the mother load. Otherwise look out Foxwoods here I come!

Posted by: Shimmy Shimshilowitz | February 04, 2013 at 11:39 PM

Any relation to Izzy Shimshilowitz and Solly Shimshilowitz?

The Rebbe was speaking metaphorically about Haifa becoming a home for Torah learners as he used metaphors in the past. He once told a young man to "be a light for others." This fellow opened up a lamp store in Albany called "The Light."Seems to besome sort of a play here on taking eitzas literally or figuratively.

Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Working...
Your comment could not be posted. Error type:
Your comment has been posted. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.

Working...

Post a comment

----------------------

FailedMessiah.com is a reader supported website.

Thank you for your generous support!

----------------------

----------------------

----------------------

Please Scroll Down Toward The Bottom Of This Page For More Search Options, For A List Of Recent Posts, And For Comments Rules

----------------------

----------------------

Recent Posts

----------------------

Tip Jar

Gelt Is Good!

Tip Jar

FailedMessiah.com is a reader supported website. Please click the Donate button now to contribute.

Thank you for your generous support!

Tip Jar

Gelt Is Good!

Tip Jar

-------------------------

Comment Rules

  • 1. No anonymous comments.

    2. Use only one name or alias and stick with that.

    3. Do not use anyone else's name or alias.

    4. Do not sockpuppet.

    5. Try to argue using facts and logic.

    6. Do not lie.

    7. No name-calling, please.

    8. Do not post entire articles or long article excerpts.

    ***Violation of these rules may lead to the violator's comments being edited or his future comments being banned.***

Older Posts Complete Archives

Search FailedMessiah

Lijit Search

----------------------

FailedMessiah.com is a reader supported website.

Thank you for your generous support!

----------------------

----------------------

----------------------

FailedMessiah.com in the Media

RSS Feed

Blog Widget by LinkWithin