The court-appointed trustee of Solomon Dwek is suing the Yeshiva his father founded more than 20 years ago, accusing the school of helping Dwek perpetrate a Ponzi scheme, a report in the APP said. The suit alleges, Deal Yeshiva in West Long Branch allowed Dwek to funnel $13 million through two Yeshiva bank accounts, and the trustee is demanding the Yeshiva return the money. Meanwhile, Rabbeim and teachers at the school that five years ago reported nearly $10 million in income, say Deal Yeshiva owes them up to six months worth of salary. One of the Rabbeim-a Lakewood resident-told The Lakewood Scoop, that some Rabbeim-including himself-are owed over a half years worth of pay.
Showing posts with label Court Appointed Trustee Suing Deal Yeshiva. Show all posts
Showing posts with label Court Appointed Trustee Suing Deal Yeshiva. Show all posts
Thursday, August 13, 2009
Court Appointed Trustee Suing Deal Yeshiva-Rabbeim & Teachers Left Without Pay
The court-appointed trustee of Solomon Dwek is suing the Yeshiva his father founded more than 20 years ago, accusing the school of helping Dwek perpetrate a Ponzi scheme, a report in the APP said. The suit alleges, Deal Yeshiva in West Long Branch allowed Dwek to funnel $13 million through two Yeshiva bank accounts, and the trustee is demanding the Yeshiva return the money. Meanwhile, Rabbeim and teachers at the school that five years ago reported nearly $10 million in income, say Deal Yeshiva owes them up to six months worth of salary. One of the Rabbeim-a Lakewood resident-told The Lakewood Scoop, that some Rabbeim-including himself-are owed over a half years worth of pay.
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