Jump to Main ContentJump to Primary Navigation

Rabbi arrested in fraud case

City of London Police arrested Freddy David, the managing director of HBFS Wealth Management earlier last month

    The City of London Police and the Financial Conduct Authority launched an investigation into a wealth management company (GETTY)
    The City of London Police and the Financial Conduct Authority launched an investigation into a wealth management company (GETTY)

    Rabbi Benji Silverstone, head of investment company HBFS Wealth Management’s Manchester office, has been arrested by police on suspicion of conspiracy to defraud.

    Asked to comment on his arrest, a police spokesperson said: “We can confirm a 40-year-old man was arrested in Salford on December 19th on suspicion of conspiracy to defraud.”

    Rabbi Silverstone has worked for the wealth management company since April 2013. He had previously worked as the Manchester director of Aish HaTorah for over nine years.

    Rabbi Silverstone, who studied in the Mir Yeshiva in Jerusalem before qualifying as a rabbi at Aish Yeshiva, directed calls to his solicitor after the JC contacted him for comment.

    City of London Police arrested Freddy David, the managing director of HBFS Wealth Management, on suspicion of fraud and money-laundering earlier last month. Mr David joined the company in 2000 having previously worked as corporate manager at Barclays Bank.

    HBFS customers were advised “to check the status of any investments made through HBFS and, if they have any concerns, to contact City of London police.”

    HBFS was also required to cease advertising its services in all forms and to write to all existing customers to confirm that it is prevented from holding client money. According to its website, HBFS provides wealth management, inheritance tax solutions, and fund management portfolios for self-invested personal pensions.

UK News

McMafia under fire for anti-Israel tropes

Lee Harpin

Tuesday, January 2, 2018

McMafia under fire for anti-Israel tropes
UK News

CPS rules out prosecution of speaker who blamed Grenfell on 'Zionists'

Lee Harpin

Wednesday, December 13, 2017

CPS rules out prosecution of speaker who blamed Grenfell on 'Zionists'
World

Golden Globe nominations include Marvelous Mrs Maisel

Lee Harpin

Monday, December 11, 2017

Golden Globe nominations include Marvelous Mrs Maisel
UK News

Sir Ringo Starr to play Israel

Lee Harpin

Tuesday, January 2, 2018

Sir Ringo Starr to play Israel
UK News

Report warns cost of flights to Israel could rise after Brexit

Lee Harpin

Wednesday, December 13, 2017

Report warns cost of flights to Israel could rise after Brexit
Analysis

In Hungary, George Soros is still a target

Lee Harpin

Friday, December 8, 2017

In Hungary, George Soros is still a target
World

Saudi chess ban on Israelis 'must never happen again'

Lee Harpin

Nathan Jeffay

Wednesday, December 27, 2017

Saudi chess ban on Israelis 'must never happen again'
UK News

New Palestinian school lessons in hate revealed

Lee Harpin

Tuesday, December 12, 2017

New Palestinian school lessons in hate revealed
UK News

Galloway 'could be readmitted to Labour'

Lee Harpin

Wednesday, December 6, 2017

Galloway 'could be readmitted to Labour'