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Rabbi finance arrests may be 'down to ignorance'

March 4, 2010 15:57

ByAnonymous, Anonymous

2 min read

A string of arrests of Orthodox rabbis and leaders in the US, accused of financial crimes, has raised concerns in the community and sparked debate about whether a spirit of corruption or an other-worldy naivete about money underlies the apparent crime spree.

The arrests include that of Jewish school director Rabbi Milton Balkany, a prominent director of a Jewish school who is accused of trying to extort a hedge fund; the Spinka Grand Rebbe, who got two years for tax fraud; and five rabbis arrested in a New Jersey money-laundering scandal.

Other cases include the conviction of meat plant owner Sholom Rubashkin on 86 charges of fraud; the prosecution of money manager Ezra Merkin for allegedly helping Bernard Madoff; and the jailing of a New York synagogue gabbai, Chaim Regensberg, for his own $11 million Ponzi scheme.

"In some of these cases there is a level of misunderstanding, in others there is a level of corrupt intent. It's not fair to paint with a broad brush," says criminal lawyer Benjamin Brafman, who is defending Rabbi Balkany.