SEC Says Ill. Rabbi Conned Jewish Community Out Of Millions

Law360 (September 20, 2019, 5:59 PM EDT) -- A rabbi who ran a nursing home investment scheme defrauded members of the Chicago Orthodox Jewish community — including a Holocaust survivor — of more than $10 million, the U.S. Securities and Exchange Commission said.

Through his company FNR Healthcare, Zvi Feiner and an associate, Erez Baver, convinced people to purchase membership interests in companies that would buy, operate and sell purportedly high-performing nursing home facilities. But the millions of dollars they raised were used to prop up struggling sites, to pay promised returns to investors and to line Feiner and Baver's pockets, according to the SEC's suit, filed Thursday.

Currently, "FNR...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!