The scandal-ridden Feldman family is at it again. Rabbis Pinchus and Yossi Feldman took more than $1.6 million from Rabbi Shabsi Tayar in a form of a Ponzi scheme that allegedly resembles check kiting. The Feldman's refused to repay the money, claiming their collateral – family homes, etc. – were entered into the loan agreement without their wives' permission, and therefore could not be sold to pay the debt owed.
Originally published at 11:03 pm CDT 5-29-2013
As FailedMessiah.com reported yesterday, the scandal-ridden Feldman family is at it again.
Chabad's head rabbi of Sydney, Australia and New South Wales Pinchus Feldman and his son Rabbi Yossi Feldman (who is infamous for arguing that alleged child sex abuse should be reported to rabbis, not to police) took more than $1.6 million from Rabbi Shabsi Tayar in what I've been told is a form of a Ponzi scheme that allegedly resembles check kiting. The Feldmans refused to repay the money, claiming their collateral – family homes, etc. – were entered into the loan agreement without their wives' permission, and therefore could not be sold to pay the debt owed.
(The Feldmans allegedly did this to many people; only Tayar, however, has filed suit so far.)
The Feldmans are appealing the beit din decision and, even though the decision was entered early this month, so far the Feldman's have repaid the bankrupt and impoverished Tayar only $500.
And when Tayar and his wife complained about that, the Feldmans threatened the Tayars via email and telephone to keep them from talking to the media or going to police.
The AJN has a small part of the story:
Related Post: New Chabad Scandal In Sydney.