From KD: Rabbi involved in multimillion Ponzi investment scheme for nursing homes

MaryGSykes.com

https://therealdeal.com/chicago/2018/12/28/rabbi-accused-of-nursing-home-ponzi-scheme-ordered-to-pay-13m-to-investor/?utm_source=The+Real+Deal+E-Lerts&utm_campaign=11cd0f8b1f-New_York_Weekend_Update_11.19.2016_COPY_01&utm_medium=email&utm_term=0_6e806bb87a-11cd0f8b1f-389719597

Rabbi accused of nursing home Ponzi scheme ordered to pay $13M to investor

Rabbi Zvi Feiner allegedly sought investors for nursing home deals, then pocketed the profits once the businesses were sold

By Joe Ward | 

Research by Haru Coryne

December 28, 2018 04:00PM

A North Shore rabbi has been ordered to pay $13 million in his ongoing legal battle over an alleged real estate Ponzi scheme that bilked investors out of more than $35 million.

Zvi Feiner, rabbi of an Orthodox Jewish Congregation in Skokie and head of the Feiner Investment Corporation, stands accused of using his status in the Jewish community to entice investment into nursing homes, which he would acquire and ultimately sell without paying back investors.

His alleged victims include a 90-year-old Holocaust survivor, a group of Jewish day school teachers that lost their life savings in the scheme, and a fellow Orthodox Jewish…

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