‘Fraud’ case man’s £2.6m barmitzvah

The Jewish Chronicle - - News - BY LEON SY­MONS

A BUSI­NESS­MAN wanted on fraud charges in Amer­ica has been al­lowed to at­tend his son’s barmitzvah in Is­rael af­ter rab­bis pledged £2m in sureties.

Zev Salts­man, who lives in Hen­don, North-West Lon­don, was ar­rested in Lon­don a year ago af­ter he was named as one of six men ac­cused by US fed­eral pros­e­cu­tors in Brook­lyn.

He was al­leged to have made $55m (£31.5m) in fraud­u­lent prof­its through pri­vate share sales. He has not ad­mit­ted the al­le­ga­tions in the USA.

Mr Salts­man, 45, was ar­rested on his way to Heathrow Air­port and has been fight­ing ex­tra­di­tion to Amer­ica.

Ac­cord­ing to the in­dict­ment, Mr Salts­man and an­other Is­raeli, 51-yearold Me­nachem Ei­tan, al­legedly made mil­lions of dol­lars by al­legedly “short sell­ing” the shares of two com­pa­nies.

At a hear­ing at City of West­min­ster mag­is­trates’ court, District Judge Ni­cholas Evans was told that three rab­bis, Gabriel Sch­lei­der, Is­rael Moskovitz and David Sau­rym­per, were pre­pared to put up £2m in bail, in ad­di­tion to £625,000 pledged when Mr Salts­man was first ar­rested, to en­able him to make a one-week trip to Is­rael.

Mr Sch­lei­der told the court that Mr Salts­man had helped his son study for his barmitzvah dur­ing hour-long tele­phone calls and that Mr Salts­man’s ab­sence could have an af­fect on the rest of his son’s life.

The judge gave per­mis­sion for Mr Salts­man to at­tend the barmitzvah af­ter or­der­ing that the three rab­bis pay £2m by Novem­ber 5.

Mr Salts­man was or­dered to ap­pear again on Novem­ber 17.

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