But why has the sale not yet been announced?
A senior government source told me today that Hershey Friedman bought Agriprocessors' $10 million line of credit two weeks ago. He told me Friedman was buying Agriprocessors, and he was surprised that a sale has yet to be announced.
The source's information matches with rumors circulating in the haredi community regarding the sale.
Friedman was described to me by a well-placed source intimately familiar with the haredi world as man involved in "shady" deals. The descriptive language used was extremely harsh.
Friedman is also supposed to be a large donor to Lakewood Yeshiva. His family is said to have been in the meat business (and may still be – please see below).
I'm told Friedman's brother is Lieby, known legally as Lawrence. Lawrence pled guilty to Medicaid fraud in 2001. He agreed to repay $48 million.
The New York times described Friedman's indictment on charges of grand larceny, conspiracy and falsifying medical records this way:
The 21-count indictment accused Mr. Friedman of drawing robust immigrants into the centers, which are intended for the frail, and billing the Medicaid program for unnecessary or nonexistent services.…
The indictment was issued after an 18-month investigation, in which the Health Department ''fully'' cooperated with the attorney general, the department has said.
During that time, however, the department approved six expansions of Mr. Friedman's business, which enabled him to increase his billings from $4 million a year to $47 million by the time of his arrest.
Mr. Friedman's two adult-day-care centers -- intended to provide physical therapy and rehabilitation to the disabled elderly who can still live independently -- quickly grew to account for one-quarter of all state adult-day-care Medicaid billings, the attorney general has said.
Marvid was involved in a nasty labor dispute that saw the company put union workers out of jobs (or have their ours greatly reduced), while the company replaced them with temporary non-union workers.
The exclusive distributor of Marvid in the US is Satmar-owned Alle Processing. One of Marvid's kosher supervising agencies is the OU.