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and investors always cry: where is our money??New York Jewish Orthodox Rabbi Arrested In Secretive Ultra-Wealthy Hedge Fund Extortion And Fraud
Milton Balkany tried to extort $4 million from a Connecticut hedge fund by threatening to expose purported insider trading by the fund, federal authorities say.
Reporting from New York New Yorks insular ultra-Orthodox Jewish community collided with the areas secretive and ultra-wealthy hedge fund industry, leading to the arrest of a politically well-connected rabbi on blackmail and fraud charges.
The rabbi, Milton Balkany, was arrested Thursday, accused of trying to extort $4 million from a Connecticut hedge fund by threatening to expose purported illegal insider trading by the fund.
New York Jewish Orthodox Rabbi Arrested In “Secretive Ultra-Wealthy” Hedge Fund Extortion And Fraud | EUTimes.net