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They texted about Torah and mitzvahs. Feds say they were insider trading
The suspects texted one another as though they had everyone fooled.
“How’s the rabbi?” one asked in a message. “Is he still scheduled for surgery?”
“We are still waiting for the doctor to check if it’s still needed,” came the response.
But there was no surgery, authorities say, and there was no rabbi. Instead, prosecutors allege, the men were referring to Amazon’s impending acquisition of the vacuum company iRobot, hoping to trade on what was then still a closely guarded secret. According to a pair of federal indictments unsealed last week, the deal was one of dozens leaked to a criminal network that used Jewish code words to plan their investments.
At the center of the alleged insider trading scheme was Nicolo Nourafchan, 43, a corporate lawyer who prosecutors say used his access to company files to collect and share deal information with a sprawling network of middlemen and investors. Capitalizing on the lawyer’s knowledge of in-progress mergers and acquisitions, the crew allegedly racked up tens of millions of dollars in illicit proceeds over the course of a decade.
The indictments are rife with Jewish code words that the defendants used in the alleged plot. “Torahs” and “mitzvahs” were stock tips, and a merger was a “flight to Israel.” A “chavrusa” — Aramaic for study partner — meant another lawyer or investor, and a company was a “shul.”
And to share the ticker symbol of a company soon to be acquired, one alleged co-conspirator spelled out its initials using Jewish names.
Nourafchan and the other lawyers received kickbacks when the deals hit, according to prosecutors.
Nineteen of the case’s 30 defendants have been arrested in Los Angeles, New York and Florida and have appeared in federal court. (Two located in Russia and Israel are considered fugitives, according to the Department of Justice.)
Of those, 16 defendants are each charged with two counts of conspiracy to commit securities fraud, two counts of securities fraud and one count of money laundering conspiracy. The conspiracy charges carry a combined sentence of up to 30 years in prison, while the fraud charges carry a sentence of up to 45 years and money laundering up to 20 years. Fines could exceed $5 million per defendant.
Those charged in the first indictment include Nourafchan, who prosecutors say drew extensively on a network of family and friends to build the scheme, and David Bratslavsky, the former director of the U.S. Israel Business Council, a group that brings together business leaders from those two countries.

An additional five alleged co-conspirators, including Nicolo’s brother Lorenzo Nourafchan, face two counts of conspiracy to commit securities fraud, two counts of securities fraud and one count of money laundering conspiracy.
Reuters has reported that Avi Sutton, a former Israeli Supreme Court law clerk, is among the unindicted co-conspirators involved in the alleged scheme. (Sutton could not be reached for comment.)
The prosecutions have caused an earthquake in the world of M&A law, with the Wall Street Journal calling it “one of the most brazen insider-trading schemes in years.” Nicolo Nourafchan had worked at top M&A law firms and leaked information on corporate giants that included Amazon, Johnson & Johnson and Burger King.
“Everyone charged today is accused of scoring significant profits from expected market moves and making out like bandits,” Ted Docks, special agent in charge of the FBI’s Boston division, said May 6 after the charges were announced. “That’s not merely gaming the system — it’s a federal crime.”
If proven guilty, the Nourafchan brothers, who have not yet entered a plea, could face decades in prison. Lawyers for each did not respond to a request for comment.
No attorneys are on record for other defendants and no pleas have been entered yet in the case. The Forward could not reach them for comment.
Ask the ‘rabbi’
To most who knew them, Nicolo and Lorenzo Nourafchan were LA brothers who had made good. They had graduated from top schools — Nicolo from Yale Law School, Lorenzo from Yeshiva University — and gone on to careers in corporate law and finance.
Nicolo bounced around between major law firms including Sidley Austin, Latham & Watkins and Goodwin Procter. At each stop, authorities said, he used internal document management systems to access information about deals that were in progress. He recruited Robert Yadgarov and Gabriel Gershowitz, respectively his former roommate and classmate, to gather tips from their firms, prosecutors allege.
The three would allegedly then pass on the tips to middle-men, who would share the knowledge with investors. (Yadgarov is among the 16 charged in the first indictment. Gershowitz has pleaded guilty and is cooperating with authorities, who have recommended a sentence of two years in prison.)
Eager for the next tip, the investors often badgered the middlemen in code, authorities say.
“Gavy, we are all just waiting for you to tell us when the next flight to Israel is,” one investor named Simon Fensterszaub asked alleged middleman Gavryel Silverstein. “It’s coming soon,” Silverstein replied. (Silverstein is also charged in the first indictment.)
In June 2022, court documents say, Fensterszaub, who had invested in a company expected to be acquired, asked Silverstein for an update on the deal: “Any chance you can find out how the rabbi is feeling?” Fensterszaub wrote.
“Unfortunately nothing,” Silverstein replied.
Then Fensterszaub dropped the code entirely: “Should I tell ppl to pull out?” he said.
Ultimately, he didn’t — and the brothers netted about $179,000 from their iRobot trades.
In another instance, one of the investors, unable to remember the name of the company being purchased, asked a co-conspirator to remind him. The company’s name was Momentive — ticker symbol MNTV.
According to authorities, the person replied:
“Menachem
Nachman
Tuvya
Vladmir”
Silverstein and Simon Fensterszaub, who do not have lawyers currently assigned in court documents, could not be reached for comment.
Family affairs
The Nourafchans are not the only brothers named in the indictments, which in total run more than 120 pages. Text messages from Brian and Mark Fensterszaub, of Hollywood, Florida — Simon’s brothers — show the two using code to discuss Nourafchan with Silverstein, who is their brother-in-law.
The first indictment shows the brothers as regularly agitated about the status of deals. “We need that damn rebbe already,” Mark Fensterszaub allegedly told Silverstein in 2022 as the two discussed money issues.
Soon after, Silverstein came through, court documents say. With Amazon on the verge of acquiring iRobot, he used Hebrew letters to allude to iRobot’s stock symbol in a text, allegedly tipping the brothers to the opportunity.
The traders in Nourafchan’s network made a total of $1.7 million trading on the Amazon/iRobot deal, according to court documents.
After Nourafchan lost his job at Goodwin Procter in September 2023, the Fensterszaubs appeared worried that the tips might stop coming.

“Let’s say he’s not davening or doing any Torahs, mitzvahs,” Brian Fensterszaub told Silverstein that October. “Let’s say he said ‘I don’t have anything, f”ck you, give me my money.’ We’d still be like alright, torah and mitzvahs. We gotta do what we gotta do.” (The three Fensterszaub brothers are charged in the first indictment.)
Nicolo Nourafchan reassured Silverstein that December that more info would be on the way soon. “I’m working on getting a job,” he said, according to court documents. “So baruch hashem we’ll have more.”
Silverstein’s brother-in-law Yisroel Horowitz is also charged in the scheme, as is Brian Fensterszaub’s brother-in-law Joseph Suskind; Eliyahu and Daniel Kavian, another sibling duo, were allegedly connected to the plot through Simon Fensterszaub.
It was the relationship between the Nourafchan brothers, however, that may have led the decade-long scheme to unravel.
Lorenzo Nourafchan, 38, ran a business he started called Northstar Financial Consulting Group, and on LinkedIn had accrued several thousand followers. He also wrote a money column for the Los Angeles Jewish Home, an Orthodox print weekly, in which he wrote about the challenges and opportunities of being an Orthodox business owner. (The LA Jewish Home did not respond to an inquiry.)
Lorenzo was looser with the information, court documents show, recruiting his hair stylist to the scheme, who then involved nearly a dozen of his friends and relatives. Lorenzo instructed the stylist, Miakel Bishay, not to do the trading himself so the trail would not lead back to him, authorities say, but Bishay did anyway. Bishay’s friend, Nowel Milik, netted more than $700,000 in the iRobot deal, according to one of the indictments. (Bishay and Milik are both charged in the second indictment.)
Soon, the jig was up. In March 2024, a federal agent posing as a representative from FINRA, a regulatory organization that monitors trading activity, called Brian Fensterszaub asking for more information about the iRobot trade. The call alarmed Fensterszaub, who immediately called Silverstein to let him know.
“Listen, God forbid that I don’t think anything should come of it,” Fensterszaub told Silverstein, “but God forbid if something did, you don’t need it pointing back to you and you having to deal with it.”
A legal filing from Tuesday by lawyers for the Nourafchan brothers asked the court to grant Lorenzo permission to use the proceeds from the sale of his business to pay for Nicolo’s legal representation. Judge Leo T. Sorokin granted the request.
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At the Vatican with Chicago’s mayor, a rabbi gave Pope Leo a White Sox kippah
(JTA) — Lizzi Heydemann didn’t plan what she was going to say to Pope Leo XIV.
But when the Chicago rabbi found herself face-to-face with the new pontiff during a Vatican visit alongside a delegation of Chicago leaders, she thanked him for the way he has spoken about the war in Gaza.
“I said, you know, it’s been a hard time over these past two years to be a rabbi, but I want to thank you for, in the midst of conflict, holding the humanity of everyone involved in the conflict,” Heydemann recounted.
Leo, the first American pope and a native of Chicago’s South Side, repeatedly advocated after his election last year for the release of the Israeli hostages as well as a ceasefire in the war in Gaza, which he has referred to as “vengeance” and “barbarity.” The comments angered some Jewish leaders who have interpreted them as unfairly targeting Israel, but for others including Heydemann, they have offered a template for how to criticize the war.
“You may be anti-war, but I do not hear you denouncing or degrading people,” Heydemann said she told Leo. “Thank you for holding the humanity of Israelis and Palestinians in the same breath and the same thought. It’s not something that is modeled very often.”
She added, “He seemed grateful, and like he knew exactly what I was talking about.”
Heydemann, the founder and leader of Mishkan Chicago, an independent Jewish spiritual community, had been invited by Chicago Mayor Brandon Johnson to join a delegation of civic, business and faith leaders traveling to Rome last week. (Johnson has been a vocal critic of Israel who has drawn criticism himself from some Jewish leaders in Chicago.) She said she was the only rabbi to take part in the trip.
As she waited for the pope to enter a room where the delegation was assembled on Thursday, Heydemann said she began weeping.
“What I reflected on is that he, maybe more than anyone in the world, is a religious leader with the world’s eyes on him,” Heydemann said. “He is beloved and critiqued constantly, and every rabbi in America has had a little taste over the last few years of that weight.”
While the interaction carried an unexpected emotional weight for Heydemann, it also came with a distinctive Jewish Chicago touch: a White Sox-themed kippah.
She said she included the kippah, which featured the Chicago White Sox logo on the exterior as well as a pomegranate on the inside, in a chest of Chicago-themed gifts presented to the pope on Thursday during the visit as a nod to his lifelong devotion to the baseball team.
“We thought that would be a sweet point connection between me and the pope,” Heydemann said, adding that the pontiff’s typical white zucchetto looks “awfully like a kippah.”
“It brings us all joy to imagine that after a long day at work wearing the cream-colored one that matches his robes, maybe at the end of the day he’ll switch it out for a jersey material, White Sox kippah, and thinks fondly of sweet home Chicago, and the Jewish spiritual community gave it to him,” Heydemann added.
A list of gifts that circulated in local media included another piece of Jewish paraphernalia: a tote bag with the words “Resisting tyrants since Pharaoh.” That’s a catchphrase from T’ruah, the rabbinic human rights group where Heydemann has been on the board. But the rabbi said the inclusion was an error: She was carrying the bag, not giving it to Leo.
Looking back on the meeting with the pope, Heydemann said her experience reflected a broader conviction about “building bridges, even in the presence of difference.”
“There’s too much at stake in our world for us to not be continuing to be in relationship with one another in the presence of differences,” Heydemann said.
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Finalists announced for lucrative Jewish literary award
(JTA) — Amir Tibon’s memoir about his family’s ordeal during the Oct. 7 attacks on Israel and Laura Hobson Faure’s history of Jewish children who fled from Germany to France during World War II are among the finalists for the 2026 Sami Rohr Prize.
The annual award — which alternates each year between works of fiction and nonfiction and which honors emerging Jewish writers — is considered one of the most prominent awards in Jewish literature.
The winner of the award, which comes with a $100,000 prize, will be announced on June 16.
A panel of judges will decide among four nonfiction finalists for this year’s award. Since the prize was established in 2006 — the first award was presented in 2007 — Sami Rohr Prize panelists and advisors have included historian and diplomat Deborah Lipstadt, historian Jonathan Sarna and longtime Columbia University journalism professor Sam Freedman.
“What strikes me about this year’s finalists for the Sami Rohr Prize for Jewish Literature is the remarkable range of stories they tell and the depth of insight they bring to Jewish life and history,” Debra Goldberg, director of the Sami Rohr Prize, said in an email. “Each of the four books explores questions of memory, identity, displacement, resilience and responsibility through deeply personal narratives that feel both timely and enduring.”
The 2026 Sami Rohr Prize finalists are:
Laura Hobson Faure, “Who Will Rescue Us?: The Story of the Jewish Children who Fled to France and America During the Holocaust.” Faure is a professor of modern Jewish history at Université Paris 1-Panthéon-Sorbonne. Yale University Press, her publisher, describes “Who Will Rescue Us” as “the first comprehensive study of Jewish children’s flight from Nazi Germany to France — and their subsequent escape to America from the Vichy regime.” It is her second book.
Shaul Kelner, “A Cold War Exodus: How American Activists Mobilized to Free Soviet Jews.” A professor of Jewish studies and sociology at Vanderbilt University, Kelner’s second book details how American Jews transformed a largely overlooked human rights issue into a landmark 20th-century mass-mobilization effort.
Jordan Salama, “Stranger in the Desert: A Family Story.” Salama, an author and contributor to The New Yorker, National Geographic and other publications, traces his Jewish family’s history “from Moorish Spain and Ottoman Syria to Argentina and beyond.” A mix of travelogue, memoir, history and reportage, “Stranger in the Desert” is his second book.
Amir Tibon, “The Gates of Gaza: A Story of Betrayal, Survival, and Hope in Israel’s Borderlands.” The first book by the Israeli journalist is a first-person account of his family’s ordeal as residents of Kibbutz Nahal Oz, which was violently attacked by Hamas on Oct. 7, 2023. Alongside accounts of the day’s losses, Tibon also recounts the heroic efforts by his father, a retired major general, to race into the battle zone and rescue his son, daughter-in-law and two granddaughters from Hamas gunmen.
“As the Prize approaches its 20th year, I hope it will continue to support writers whose work expands our understanding of the Jewish experience and sparks meaningful conversation for generations to come,” Goldberg said. “I am immensely grateful to share in the Prize’s mission to honor excellence, nurture talent and connect Jewish voices across the globe.”
The Sami Rohr Prize, named for the late American real estate developer and philanthropist who fled Nazi Germany as a boy, is administered in association with the National Library of Israel. 70 Faces Media, the parent company of the Jewish Telegraphic Agency, is the prize’s media partner.
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A decaying historic farmhouse finds a savior in Chabad
A Dutch Colonial home, just one of a handful of pre-Revolutionary War houses left in New York City, has been vacant and decaying for years. The windows are boarded up, signs warning against trespassing cover the property, and chunks of the ceiling are missing inside.
This historic landmark has an unlikely savior: Chabad, the global Lubavitch movement, which is planting one of its thousands of outposts there.
“Dilapidated is an understatement,” Rabbi Zalman Liberow of Chabad of Flatbush said as he gave the Forward a tour.
Chabad of Flatbush, led by Liberow and his wife, Chana, bought the historic Brooklyn property in December 2024 and will soon begin renovations to make the place livable. In the meantime, the couple has already transformed the barnhouse next door into a sanctuary, where a photo of the Lubavitch rebbe hangs on the wall near a compartment once used to store hay.
As other Jewish organizations have shifted toward digital community, Chabad has continued investing heavily in brick-and-mortar real estate, ranging from modest suburban homes to multimillion-dollar towers and converted landmarks. It’s a strategy that anchors Chabad in the communities it serves, but can also be costly: For the most part, Chabad couples — each unit headed by a rabbi and rebbitzin — finance their own operations, raising their own money to buy homes and establish centers of Jewish life.
The Liberows said a generous donation of Bitcoin from a donor, Eliot Stavrach, ultimately allowed them to purchase the 22,000 square foot lot for roughly $3 million, along with securing a high-interest loan to pay the mortgage while the couple awaited the sale of their old headquarters down the street. Last week, that transaction went through and reaped nearly $1.1 million.
The seller had also cut the asking price by nearly half, offloading what had become a white elephant, Liberow said.
“For him, it was a pain. For us, it was good,” Liberow said. “And I thought, even better, this is such an important piece of United States history.”
The prior landlord had reportedly struggled to find a buyer for the landmarked home, which by law cannot be demolished, and any alterations to the facade must be pre-approved by the city Landmarks Preservation Commission. In buying the home, the Liberows are also preventing its further deterioration — to the relief of neighbors who said the abandoned site had become a hotspot for drug use and a symbol of neglect.
“I’m just happy that the house will not be torn down and will actually have a future — a good one, it seems,” said Lori Citron Knipel, a former leader in the Brooklyn Democratic Party who used to frequent the house. “So that absolutely warms my heart, because it’s been breaking every time I pass it.”
The house’s history
The Wyckoff-Bennett Homestead is likely among the ten oldest properties in Brooklyn and the 50 oldest houses in all of New York City, according to Simeon Bankoff, former executive director of the Historic Districts Council.
A 1968 report from the Landmarks Preservation Commission noted that “two hundred years of wear have done little to diminish the simple beauty of its clear-cut profile,” and described it as “the most beautiful example of Dutch Colonial architecture in Brooklyn.”
The house is also notable for its role in the Revolutionary War: During the conflict, it quartered German soldiers fighting for the British, known as Hessians. Two of the soldiers etched their names and units into a windowpane.
A historical marker at the house notes that those troops may have taken part in the Battle of Brooklyn, the first major battle after the signing of the Declaration of Independence.
According to Liberow, local legend holds that George Washington once stopped at the Wyckoff-Bennett house for tea — though, “we never did find the teacup,” he joked.
Bankoff attributed the properties’ staying power partly to the fact that prior to a venture called 22nd Street Investors LLC purchasing the lots in 2021, the property had only ever been owned by three families over more than 250 years.
Hendrick H. Wyckoff, son of a Dutch settler who emigrated to New Amsterdam in 1637, is believed to have built the house before 1766. In 1835, Cornelius W. Bennett purchased it, and it remained in the Bennett family for four generations before a Jewish couple, Annette and Stuart Mont, bought the property in 1983.
‘A piece of Brooklyn’s history’
The Monts had a deep appreciation for the home’s history, Citron Knipel said, and often opened it to the community. They hosted political fundraisers, birthday parties, and even a wedding at the house, she said, and they welcomed school groups into their home for local history field trips.
Only the facade of the house is landmarked, making its preservation legally required. But the Monts also preserved its interior details, including furniture from the Wyckoffs and Bennetts, an ornate fireplace framed by decorative tiles depicting biblical scenes, and an antique Richardson & Boynton Co. stove.
“There’s a sense of being part of and having a responsibility to the rest of the community to preserve it and move it forward,” Stu said in the 2013 documentary Living in a Landmark.
“And share it,” Annette added. “Because we have bought a piece of Brooklyn’s history.”
But an effort to secure the home’s legacy fell apart in 2010. The Monts had been in talks with the city to purchase the property, only to withdraw after the city reduced the sale price, deducting the rent the Monts theoretically would have paid to continue living there.
Annette died in 2013 at age 72, and Stuart died three years later at age 76. Their children, Ira and Randi Mont, sold the property to 22nd Street Investors LLC, registered to real estate investor Avraham Dishi, in 2021.
In an interview with the Forward, Ira Mont said he believed at the time of sale that 22nd Street Investors LLC would keep the house in good condition — and was disappointed that they ultimately did not.
Dishi drew two complaints for failing to maintain the Wyckoff Bennett house: one for the poor condition of the fence, still active, and another for the condition of the facade and roof, later withdrawn.
Officials at a Landmarks Preservation Commission hearing in March to discuss the Liberows’ minor proposed changes to the home noted there had been “all kinds of vandalism, fires, squatters, [and] drug users” there in recent years.
The Forward reached Dishi’s office by phone and left a message, but did not hear back.
Liberow said he has big plans for the house pending approval from the Landmarks Preservation Commission, including displaying a video in the front yard highlighting Jewish history in the United States. The Commission has already approved plans to install porch railings, a curb cut and a driveway at the site. And like the Motts, the couple plans to open the space up to the public. They’ve already begun hosting Hebrew school and holiday gatherings in the barnhouse next door, which they renovated for about $200,000 with rustic touches including wood paneling, barrels, lanterns and candle chandeliers.
For neighbors, the most meaningful change may simply be that the property is occupied at all.
“We got a very big welcome over here, because everyone’s so happy,” Liberow said. “Someone is going to save the property.”
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