Connect with us

Features

Morley Greene: Trez Capital is Trés Terrific

Morley Greene

By GERRY POSNER “Serendipity” is how Morley Greene describes what has brought him success in life. Perhaps he’s right, but I concluded, after chatting with him and reading articles about him – the most recent one in the Toronto Globe and Mail, that it was more than serendipity that has given Morley the life that he has now at age 81.

The only child of Abe and Sara Greenberg, Morley was raised across the street from St. John’s High School at Machray Avenue and Salter Street. Not surprisingly, he attended St. John’s High School, though he ultimately graduated Grade 12 at West Kildonan Collegiate. Morley admits he was a disinterested student. His tenacity carried him through though and, as he got older, his interest in learning blossomed.

Law was the path Morley Greene chose and it was a part of his life for over 32 years, after graduating from the University of Manitoba law school. His law career began in Winnipeg, then Edmonton and finally, Vancouver. His career took off almost right from the start, and it was not long after that he started his career that he was made a partner at the very prestigious law firm of Buchwald Asper Henteleff.

The future looked promising and soon after he was married, he was the father of three children. In 1976, Morley, just 35 years old, and with a young family, made a bold decision – a decision which changed his life forever. He decided to leave Winnipeg and try to take his tent and talent elsewhere. He credits the late Izzy Asper with paving his way to another high powered law firm in Edmonton. Izzy called his friend, Aaron Shtabsky, and soon Morley was ensconced at Shtabsky and Company. He specialized in tax, mortgages and the real estate industry. Had Morley remained in Edmonton, it would likedly have been all that he needed for the rest of his life in order to be a financial success.

But then another opportunity presented itself to Morley. The Imperial Development Group came calling. This company, led by Donald Gales, Gerald Libling and Gerald Raizen was in the midst of major property acquisitions and development in Winnipeg and elsewhere. Morley was invited to join the company in an executive capacity. It was a major step up for Morley.
In 1979, he and his family moved back to Winnipeg and things went well – until they didn’t. The high interest rates of the 1980s were no doubt a key factor in the eventual dissolution of the Imperial Group. Morley Greene had to start over.

In 1991 he headed further west – this time to Vancouver, where he joined the very well know law firm of Owen Bird. He became licensed to practice law in British Columbia, his third call to the Bar – after Manitoba and Alberta. For six more years Greene was once again a hard working lawyer in a big firm. But then Morley made a second major decision that changed the course of his entire career. In 1997, he gave up law and decided to take on an entirely new challenge in an industry for which he had been advising as legal counsel for a significant part of his legal career.

In 1997 Morley struck out on his own and started a corporation he called Trez Capital (the name came from a variation of the French word “Treize,” which means thirteen). The company began as a mortgage lender. I will not dig deep into all the projects with which Trez Capital has been involved over the years, but there are very many.
Trez Capital has set new standards for the industry over the past 25 years with institutional-grade processes and strict compliance adherence. The history of the company is well recorded in the recent Globe and Mail article featuring Morley and the story of Trez to which I referred earlier.
What is important to acknowledge is this: From nothing (well not quite, as Morley did raise $3 million dollars to start with from private investors), Morley has made Trez the biggest real estate lender in Canada after the banks. Dwell on that statement. The company has funded more than 1600 transactions for a total value of $14 1/2 billion (you read that right), all channeled into different multi-family dwelling, industrial and office projects.
Trez Capital is active all over Canada and the US. The company has offices in Toronto, Montreal, Dallas, Palm Beach, Atlanta, New York, Seattle, Los Angeles and Vancouver. The company has over 170 employees and assets of over $4 billion under its management. Think about it – all that from a Winnipeg kid from the north end.

I would suggest that part of what made Morley and his company so successful is the way he approaches his work and indeed, his relationships with the people around him. Morley interacts well with everyone and demonstrates a genuine interest in them. Moreover, he is not afraid to admit mistakes. He was quite concerned, for instance, that as a result of the Covid pandemic, Trez Capital would face unpredictable problems, so the company made the decision to stop lending.

Morley anticipated defaults coming – and a lot of them. He was wrong – and he admits it. Instead, there were no defaults and, in fact, Trez Capital had a record number of payoffs on its loans. The result of all that is that, throughout the pandemic the company has remained in good shape and it has resumed investing and lending across North America.

Maybe the most telling part of the Trez Capital story is that the company has over 30,000 individual investors and many of those investors (and indeed, many borrowers) have been investing with (and borrowing from) Trez Capital since 1997 – when the company first began. That tells me that Morley knows what being in a relationship-driven business is all about and that he and his team have developed an esteemed – and well-deserved reputation for trustworthiness.
When the pandemic was in full force, Trez Capital, led by Morley Greene, reached out to its investor base, calling them each week to keep them informed as to the current status of the company. Morley and his top brass also made sure that all key employees were informed as to what was transpiring, in accordance with the most rigorous standards of corporate transparency – further evidence of a corporation that places a premium on individual relationships.

At 81, Morley is still very active in Trez Capital, even though he has ascended to a more hands-off role as Chairman and Chief Executive Officer. When I spoke to him, he was busy in his Dallas office. He spoke very proudly of his three children: daughter Mara – now Madam Justice Mara Greene of the Ontario Court of Justice (and, in her spare time a hockey player); daughter Sara Greene, a professor at McMaster University in the Faculty of Social Work; and son Jonathan, an assistant professor in the Faculty of Political Studies at Trent University.

As I mentioned at the outset, Morley attributes his success to serendipity. I would suggest otherwise. In my view, Morley’s life work and in particular, his creation and building of Trez Capital is a testament to Morley Greene’s work ethic, tenacity and commitment to valuable relationships – trés outstanding and nothing less.

Continue Reading

Features

Monitored phone calls and fear of arrest: What life looks like for Iran’s Jews now

An Iranian-Jewish man looks at the ruins of a synagogue destroyed during recent U.S.-Israeli strikes on April 20 in Tehran, Iran. Photo by Majid Saeedi/Getty Images

This story was originally published in the Forward. Click here to get the Forward’s free email newsletters delivered to your inbox.

Amid the war in Iran, one Iranian Jewish woman who lives in the United States, but whose family remains in Iran, has been wracked with fear. Before the ceasefire, she spoke with her parents once a week for exactly one minute — both because of the exorbitant cost, about $50 per minute, and because of the fear of surveillance.

During one call a few days into the war, she said, something felt off.

“I could see that something is so wrong. It’s as if someone was there,” the woman, who moved to the U.S. in 2008, said in an interview with the Forward. “It seemed like my mom was actually reading from a note.”

She later learned that the Islamic Revolutionary Guard Corps had come to her parents’ home, questioning why they frequently called an American number. They instructed her parents to download Bale, an Iranian messaging app widely believed to be monitored by authorities, before making any further calls.

“It’s a spy app, and everyone knows that,” the woman said with a wry laugh. Her parents refused. Instead, they were told to call their daughter and read from a script while IRGC members watched.

“Basically, they said to prove that you are with us and not with Israel, read this when you call her,” the woman said. “After that day, they didn’t call for a long time.”

Eventually, she learned that her parents had fled to a safer part of the country to escape bombardment.

Her family are among the estimated 10,000 Jews who still live in Iran, in the largest Jewish community in the Middle East outside of Israel. Once numbering around 120,000, the community has dwindled significantly since the 1979 Islamic Revolution, when life for religious minorities fundamentally changed. Today, Jews who remain in Iran must carefully navigate life under the regime, publicly expressing loyalty to avoid being falsely accused of Zionist espionage.

Amid Iran’s war with the U.S. and Israel, that pressure has intensified.

With an ongoing internet blackout, communication is limited and closely monitored. To understand what life is like for Iranian Jews today, I spoke with several people in the U.S. who remain in sporadic contact with family members inside Iran. Everyone interviewed requested that they not be identified, fearing repercussions for either themselves or their families.

A synagogue vigil for the Supreme Leader 

On April 16, Tehran’s Yusef Abad synagogue held a memorial for Ayatollah Ali Khamenei, who was killed on the first day of the war. The event was attended and reported on by several state-affiliated media channels, filming as participants from Iran’s Jewish community shared their appreciation for the deceased Supreme Leader.

Inside and around the synagogue, posters featuring photos of Khamenei were displayed alongside Farsi slogans like “Unity of Iran’s faiths against aggression — condemnation of the attack on the Tehran synagogue by the child-killing Zionist regime and criminal America” and “The Jewish faith is separate from Zionism.”

Regime media pointed to the vigil as evidence of Jewish support for Iran’s theocratic government. But experts say that interpretation misses the reality.

Beni Sabti, an Iranian-born analyst at Tel Aviv’s Institute for National Security Studies, said displays like the synagogue vigil are often a matter of survival. Jews who remain in Iran are frequently compelled to demonstrate loyalty to the regime — and opposition to Israel — in order to avoid suspicion of having ties to Israel. Allegations of such ties have often led to imprisonment and executions following the Islamic Revolution in 1979.

To protect the community, Jewish leaders — especially rabbis — often participate in pro-regime events, including memorials for senior regime figures. In some cases, Iranian rabbis have even sat alongside members of Hamas and Hezbollah to pay their respects to senior IRGC commanders responsible for funding and training terror groups across the Middle East.

The regime exerts significant pressure to stage these displays, Sabti said, “because it’s good for them to show the world, ‘You see, we don’t oppress anyone.’”

Beyond public displays, much of Iran’s economy is tied to the state — what officials often describe as a “resistance economy.” In that system, some say, expressions of loyalty can become intertwined with economic survival.

The woman who left Iran in 2008 said one of her relatives was once pressured to confiscate land from dozens of people and transfer it to the government in order to keep his job — a loyalty test she says was especially harsh because of his Jewish identity. “In the job interview, they told him, you have a Jewish background, so you have to first prove how far you will go,” she explained.

Since the 12-Day War between Israel and Iran in June 2025, the situation has grown even more tense. More than 30 Jewish Iranians were reportedly detained during that conflict because of alleged contact with Israel. While some Jewish community members were arrested during the wave of anti-regime protests that occurred at the beginning of the year, Sabti said he has not heard of a similar wave of arrests during the current war.

Still, the fear remains.

Synagogues as shelter

Some Iranian Jews have managed to stay in touch with relatives via landline phones, although calls are expensive and likely monitored. Most avoid discussing politics, using their limited time simply to confirm they are alive.

​“After the 12-Day War, people really didn’t talk on the phone,” said the woman who moved to the U.S. in 2008. “We do talk, it’s not like they literally cannot, it’s just like they realized that the scrutiny was so high that no one has meaningful conversations.”

Even so, fragments of sentiment emerge.

One 25-year-old Iranian Jew from Los Angeles said his Jewish cousins in Iran cried tears of joy when they heard of the Ayatollah’s death.

​He said his great uncle and cousin told him over the phone, “I don’t care, whatever the cost. If you can eliminate Khamenei, if you can eliminate Mojtaba, his son, if you can eliminate any threat… do it.” He added, “Most Persian Jews in Iran are happy, is what I hear.”

Amid the current ceasefire, a 64-year-old Iranian Jewish woman from LA said her Jewish friends in Iran have expressed relief. “They are happy that the situation is calm, but on the other hand, nobody is happy. They all want it to get finished,” she said, adding that they hope for “regime change.”

For Nora, an Iranian Jew living in New York, the war has come at a time of crisis for her family in Iran. She says her aunt has been focused on caring for her son, who is suffering from bone marrow cancer. Because the family keeps kosher, her aunt has had to leave the house — even during bombardments — to ensure he has food and other necessities.

Around three weeks into the war, her house in Tehran was destroyed after a nearby police station was struck. She briefly moved into a local synagogue; now, she lives with another Jewish family who opened their home to her. Her son remains too sick to leave the hospital.

A synagogue destroyed

Nora’s aunt is not the only Iranian Jew to find shelter in a synagogue. Sabti heard from another Jewish family inside Iran that Jewish communities have been using synagogues as bomb shelters throughout the war. He recalled doing the same during his youth at the time of the Iran-Iraq war that began in 1980.

Beyond using the space for physical safety, synagogues have also become a place for Jews to be together during the difficult time. “They come just to gather there, passing the time, meeting and having a little bit better time together,” he said.

​For members of the Rafi’ Nia synagogue, a 150-year-old religious institution in Tehran, this sense of comfort has disappeared. On April 6, the community gathered there for Passover services. The next morning, they learned the building had been destroyed by an Israeli strike.

​The Israel Defense Forces said that the target of the strike was not the synagogue, but rather a top commander from Khatam al-Anbiya, Iran’s military emergency command. But Iranian media suggested that the IDF had intentionally targeted the building. The head of the synagogue made a statement condemning the attacks and wishing the Iranian regime success in the war.

​The woman who immigrated in 2008 had visited the Rafi’ Nia synagogue during Passover around 10 years ago. She described it as a beautiful old building. Seeing images of its destruction brought back painful memories of her family’s past.

She and her family were forcibly converted to Islam around 70 years ago, she said, with one uncle publicly hanged after he refused to convert. Her family continued practicing Judaism in secret — celebrating Shabbat behind locked doors and in her grandmother’s basement, always afraid.

She believes her family became a target for conversion after the synagogue in their area was destroyed, leaving them without formal affiliation to a recognized religious institution. On two occasions, she said, the IRGC raided their home during Jewish holidays, searching for evidence of religious practice. When they found a menorah, her father was detained. “When my dad came back, he was a ghost.” She fears that members of the destroyed synagogue could now face a similar vulnerability.

In Iran, certain religious minorities, including Jews, are constitutionally recognized. But she says that their protection is closely tied to existing institutions.

“When we talk about the lack of protection, it has a very nuanced meaning. In Iran, this doesn’t mean that the synagogues cannot exist, but it means that the existing synagogues are the only legal protection that Jews do have,” she said. “Good luck with rebuilding that place. Good luck with asking for a new synagogue.”

Sabti said the regime has already used the synagogue’s destruction as propaganda, publicly condemning the attack while reinforcing the state narrative of religious inclusion. “The head of the Islamic clerics condemned Israel and paid condolences to the Jews,” he said. “Everyone pays condolences and says, ‘Oh, sorry, we are in this together’ … but everyone knows that the other one also is lying.”

An American Jewish detainee

For one Iranian American Jew, the war has made a dire situation worse.

​Kamran Hekmati, a 70-year-old Iranian American from Great Neck, New York, traveled to Iran in June 2025 and was detained during the 12-Day War. According to advocates, his alleged crime was traveling to Israel 13 years earlier for his grandson’s bar mitzvah.

Kieran Ramsey of the Global Reach advocacy group, who represents Hekmati’s family, said in an interview that Kamran being the Iranian regime’s only Jewish American prisoner puts him in a particularly precarious position. “There can be risk of retribution or reprisals against him at any moment,” Ramsey said, “from prison guards or other prisoners…his identity certainly puts him at higher risk.”

On March 16, almost three weeks into the war, Secretary of State Marco Rubio designated Hekmati as wrongfully detained, a status that allows the federal government to deploy all possible levers — diplomatic, legal, and economic — to secure his release. Ramsey says that change in designation is helpful, but only goes so far.

His organization is now pushing for the release of all American prisoners in Iran to be an integral part of the U.S.-Iran negotiations to end the war.

“Our hope is that Kamran Hekmati and the other Americans that are being held are put to the front of the list in terms of issues to decide, and not as a deal sweetener,” he said adding, “We know the U.S. negotiators have a list of American names. We know Kamran is at the top of that list…. We also know there are some very rational actors inside the regime, and we are trying to convince them that you have a no-cost way to open doors. Use Kamran as that no-cost way.”

The last time the woman who emigrated in 2008 visited Iran was two years ago. Even then, she worried that photos taken of her in the U.S. wearing a Jewish star necklace might draw the regime’s suspicion.

Now, she believes whatever space existed for quiet concessions from the Iranian government to Jews may disappear. The regime’s efforts to retain a firm grip on the Iranian people following January’s massive anti-regime protest wave and the war pose new risks.

“Just because of everything that has happened… I’m sure that any type of like ‘OK, let this go,’ ‘Let this person go,’ will end,” she said.

“Now I know that I could not go back,” she added. “I really feel if the Islamic Republic stays — and they probably have a good chance of staying — I feel like I lost Iran.”

This story was originally published on the Forward.

Continue Reading

Features

‘Don’t give up on us now’: Israel peace summit convenes thousands to aim for elusive progress

A concert featuring pop icon Dana international capped a day of discussion. Photo by Rachel Fink

By Rachel Fink April 30, 2026

This story was originally published in the Forward. Click here to get the Forward’s free email newsletters delivered to your inbox.

TEL AVIV, ISRAEL — On Thursday’s bright, sun-drenched morning during a rare pause in the multi-front war Israel has been locked into for nearly three years, in between the protests, funerals and steady drumbeat of violence and trauma, something decidedly more hopeful was taking place.

In one of the city’s largest conference centers, thousands gathered for the third annual People’s Peace Summit under the banner “It must be. It can be. It will be.” The event was organized by the It’s Time coalition, a partnership of more than 80 grassroots peacebuilding and shared society organizations.

Young activists in T-shirts representing their various causes stood alongside older attendees, some in kippot, others in hijabs. Diplomats in business attire moved through the crowd, as did the handful of Israeli politicians still publicly associated with the peace camp – familiar faces in a political landscape where their ranks have thinned considerably. Outside the main arena, Hebrew mingled with Arabic and English as participants strolled through art installations and an organizational fair showcasing the work of It’s Time’s partners.

While previous events took place at the height of war — while hostages remained in captivity and Gaza endured devastating destruction — this year’s summit unfolded during a fragile lull in fighting, the tenuous ceasefires with Hamas, Hezbollah, and the Islamic Revolutionary Guard Corps allowing, however briefly, for conversations to move beyond issues of immediate survival. Speakers tackled settler violence in the West Bank, looming elections, the immense challenge of rebuilding Gaza and the broader question of how to move Israel and Palestine beyond its default state of perpetual conflict. Inside the packed sessions, the tone was equal parts practical, sober and hopeful.

After a quick coffee break, the thousands of participants came together for an evening of stirring speeches and raucous musical performances. When Israeli pop icon Dana International took the stage with a familiar anthem of peace, the crowd rose to its feet, wrapping their arms around one another and belting out the words.

Despite the joyous atmosphere, the event — and the coalition behind it — is not immune from criticism. Some critiques appear to have been internalized: this year’s programming leaned more heavily into policy, strategy and the hard realities of war than previous gatherings. Other issues remain unresolved. Palestinian participation, while present, was still markedly limited, which organizers attribute largely to government-imposed restrictions on movement rather than a lack of interest. Still, the question of whether a civil society movement like this can translate hope and optimism into concrete political change remains to be seen.

That tension between aspiration and reality extends well beyond Israel. In the United States, support for Israel, particularly among younger American Jews, is waning. A 2024 Pew survey found that fewer than half of American Jews under 30 say they feel “very attached” to Israel, while a JFNA poll released in February 2026, found that just 37% of all American Jews identify as Zionists. Both numbers represent a sharp decline from older generations.

For Shira Ben Sasson, Israel director of the New Israel Fund, it is precisely the peace camp which could hold the answer to this growing disillusionment. If the state itself no longer reflects the values that once anchored many American Jews’ connection to Israel, she suggests, perhaps their more natural partner is the small but determined coalition of Israelis working to change it.

“I appreciate how difficult it is to be a Jew who cares about Israel right now,” she told the Forward as the conference, which New Israel Fund helped support and coordinate, got underway. “People are struggling with what they are seeing — the way Israel is conducting itself. Its policies. They are watching the value set that once connected them so strongly to the Jewish state disappear.”

Her response is one of both reassurance and redirection.

“Thank you for continuing to care,” she said. “But remember — the Israeli government is not your partner. We are. Pro-democracy civil society is your partner. Those of us who are fighting for equality here, for the rights of non-Israeli Jews and the rights of non-Jewish Israelis are your partners. This is where those shared values still live.”

If that message feels unfamiliar to those in the diaspora, Ben Sasson suggests the reason ultimately comes down to lack of exposure.

“We, the Israeli peace camp, need to be in many more places than we are right now,” she said. “We must get the word out that while we might not be the majority here, we are not only growing in number, we are expanding our diversity as well.”

She pointed to the rising number of Orthodox Jews, like herself, who have joined the movement as one example.

Ben Sasson also emphasized that, as with any strong partnership, the relationship must move in both directions. Israeli peace activists, she said, must make themselves more visible to American Jews. But American Jews also need to be willing to open their eyes.

“The mainstream Jewish community has to challenge itself,” she said. “They have to be able to voice their concern for Israeli democracy, for the violence in the occupied territories. And they have to be willing to engage in an honest discussion about peace.”

She is less worried about reaching individuals whose support for Israel may be wavering — many of whom, she believes, will connect with the movement’s vision — than she is about the institutions that have long shaped American Jewish engagement with Israel. Those institutions, she said, have been slow to open themselves to this kind of messaging.

“I think there’s fear,” Ben Sasson explained. “The word ‘peace’ has come to sound political. And once something is labeled political, these legacy institutions don’t want to touch it.”

But that avoidance, she warned, comes at a cost.

“They cannot afford to just stick with the same old stale perception of Israel,” she argued. “If you aren’t willing to talk about the real-life issues that Israelis are facing, you simply won’t be relevant anymore — particularly for the young people in your community.”

“Do not be afraid of controversy,” she added. “Do not be afraid to invite an Arab and a Jew to your event, where there may be disagreement. That’s okay. Struggling and wrestling is a core part of our identity.”

While Ben Sasson contends there is a critical mass of people who are hungry for an alternative way to relate to Israel, the question of feasibility remains; the same question that follows the peace movement inside Israel: Does its growing visibility reflect real political momentum, or is it simply too late to reverse course?

To those who are ready to walk away altogether, Ben Sasson points out that Israel stands to lose not only their support, but also the values and organizing traditions American Jews have long brought to the relationship.

“You’ve helped us achieve so many things in Israel for decades,” she said. “You helped us get a state. And now we need a different kind of support. The Jewish values that you offer — the concept of tikkun olam, which is not at the heart of Israeli Judaism but is at the heart of American Judaism — this is the support you can offer us right now.”

Her final plea was simple.

“Do not give up on Israel,” Ben Sasson said. “There have been so many times when things felt insurmountable and you did not give up on us. Don’t give up on us now.”

Rachel Fink is a Tel Aviv-based journalist covering Israel and the Jewish world. Her work has appeared in Haaretz, The Times of Israel, The Jerusalem Report, and Kveller.

This story was originally published on the Forward.

Continue Reading

Features

The complete story of the delusional Winnipeg con man who duped people all over the world

By BERNIE BELLAN I have been publishing different chapters from a book I have written about a Winnipeg man who has been telling people for years that he is someone of great wealth who wants to invest in various projects in which those people are engaged.

I’ve now compiled those stories into one large pdf file, which you can read here – or download as a pdf. Simply click on the image below to open the pdf:

Continue Reading

Copyright © 2017 - 2023 Jewish Post & News