כ"ח ניסן התשפ"ד
06.05.2024

Again it happens: Orthodox went bankrupt and lost millions of shekels in returned checks

The affair which scandalized the haredi street: a Check Cashing Company, in debt of millions • losers: a long line of Money Change owners and religious families, who relied on him in collecting returned bad, act which concerns halachic prohibition of interest

Again it happens: Orthodox went bankrupt and lost millions of shekels in returned checks
פלאש 90


Money Change crash affair that inflames the ultra-Orthodox street in Bnei Brak exploded finally tonight (Thursday) and caused heartache to hundreds of students and families who have lost their money.

This is a money changer who holds the Company's Check Cashing and collapsed at his disposal company, and it is estimated amongst experts in the market, he has lost millions of shekels, while the biggest losers are Money Changers in Bnei Brak and Jerusalem.

A long list of Money Changers and businessmen and students, who brought to the company owner [full name withheld], returned checks to be charged by them, and they'll never see their money - apparently.

"Allegedly", say sources familiar with the matter, "This is a halachic prohibition of interest in Check Cashing used by a company - a famous Lithuanian yeshiva graduate."

Bnei Brak Money Changer tells behadrey haredim: "I received checks which I did not know where they came from until I reached the source, and I realized I have made a few more checks traders who do not have coverage. I transferred them to this company, but it seems that now the money is lost ".

One of the friends of the investor says to behadrey haredim: "At the moment he has cash-flow disadvantage, he is sitting with customers and reassuring them all. Media blast only causes stress to people, he is as straight as an arrow, and godly, supports the Torah and is currently in a temporary cessation. He will return everything to everyone until the last shekel. He is not running away anywhere and these are all baseless rumors.

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