Basically Berish hired 6 salespeople selling his product supposedly he has a women owned business, minority owned, which gets government contracts easy,
he promised the team high commissions, Joel Stern, Miller Viznitz and couple more were the sales team, some of the investors are: Moshe Hersh Dautch, Schwimmer, Landau, Sam Brach, Mel Samual, Abeles, Samual ( the ABA) Shlome Weber, Strulowitz, Oberler, Posner and more.
He paid them all on time and they reinvested and also brought fris in.
The last 3 weeks no one got paid anything and it started to smell bad, Yakov Ber Teitelbaum and Shimon Yisrael Fried sat down with Berish and discovered the bank amounts are empty, confirming the entire money is gone.
Its estimated to be more than 40 investors of 130 million in loss
עשרות יהודים חרדים נפלו קרבן להונאת פונזי של חבר הקהילה. מדובר בארבעים משקיעים שהפסידו לפחחות 130 מיליון דולר.
