A Chicago rabbi is settling SEC allegations he misappropriated millions of dollars from investors who thought the money was going to purchase nursing homes, according to filings in the Northern District of Illinois.
Zvi Feiner “exploited” relationships with Chicago’s Orthodox Jewish community to raise funds through his company, FNR Healthcare LLC, the Securities and Exchange Commission said Sept. 19. Erez Baver, FNR’s executive vice president, allegedly helped with the scheme.
The pair agreed to settle the suit without admitting or denying wrongdoing and have already returned some funds to investors. Baver consented to a proposed judgment requiring him to pay ...
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