Rav Shai Cherry
Don't be fooled,
Shai is nothing but a FRAUD.
Arrogant, Self Righteous &
Lacking Humility!
Shai's Criminal Role Model
Louis B Cherry
In the 1960s, the SEC ordered proceedings against Louis B. Cherry, a sole proprietor doing business as Kennedy, Levy & Co. The charges alleged that Cherry engaged in fraudulent and deceitful practices against customers. Key allegations included:
Undisclosed Secret Profits: In the sale of stock for American Laboratories, Inc., Cherry took a secret profit without disclosing it.
Unfair Pricing: For stock in California Growth Capital, Inc., he was accused of purchasing shares for a customer at a price "wholly unrelated to the fair and reasonable market price."
Dual Agency without Disclosure: The SEC staff also charged that Cherry acted as an agent for both the buyer and seller in a transaction but failed to disclose this fact or the amount of commission he received.
False and Misleading Filings: Cherry was also accused of making false and misleading statements in his broker-dealer registration application and failing to file amendments to disclose previous associations with other firms and a change of address.
This is but one of the actions the SEC took against Cherry. Other disciplinary actions can be found by doing a simple google search. Louis was also involved in numerous civil fraud and bankruptcy proceedings both corporate and personal. Bankruptcies and civil litigation can be verified using the relevant courts online search capabilities.
Congregation Adath Jeshurun
Rav Shai Cherry Master of False Pretense
It appears the most recent victim of Shai's lies and deceit is none other than his current employer, Congregation Adath Jeshurun. After reading his brief biography on their website it appears Shai managed to spin his “dropping out” from Wharton as nothing more than a change in his life’s direction. It seems Shai left out the real reason for his sudden departure, as he was nothing less than a fugitive on the run and the West Coast was as far away as he could get in the US. Using the guise of religious studies major couldn’t have served his purposes better. Turning to religion was perhaps his form of repentance.
Shai's failure to inform Congregation Adath Jeshurun of the truth, his issuance of fraudulent checks totaling nearly $50,000 for the purchase of jewelry (Audemars Piquet watch) and electronics (Vandersteen speakers), must have slipped his mind! As a result, he has now woven the Congregation, unknowingly and unwillingly, into his web of lies and deceit.
American United
After seeing Shai's name on the American United website next to the words “thou shall not bear false witness” I felt compelled to do all I could to take action and correct the record thereby limiting Shai's ability to cause further damage to the unknowing community he is involved with.
Perjury & Embezzlement
Shai's Perjury in Steven Cherry vs Louis Cherry
In 1987 I was forced to file a civil complaint against my father for engaging in a fraudulent securities transaction with me. During the trial, Shai provided testimony, under oath, that Louis was a licensed and reputable securities dealer. The truth was that Louis was far from reputable and in fact had had his Series 7 license revoked. Even after Shai engaged Louis to "fence" the stolen goods purchased by the issuance of bad checks Shai confirmed that Louis was in "good standing" with all required licensing authorities. Shai had no reluctance to perjure himself to the benefit of Louis.
The Estate of Janette Goldberg
During the 1980's Shai served as the custodian and executor of our grandmother's estate. While serving in this capacity Shai embezzled over $200,000 which was "loaned" to Louis, never to be repaid. Shai failed to even present Janette's will to the heirs and beneficiaries in breach of his fiduciary obligations.
Executor of the Estate of Mrs. Louis Cherry
Shai and Rebecca borrowed $300,000 from Barbara to purchase their home in Del Mar California. The terms of the loan required that the loan be repaid upon the sale of their residence. The home was sold, the loan never repaid. Shai breached his fiduciary obligation to his own benefit, never reading the will to heirs or beneficiaries. Our brother Robert Cherry filed a civil complaint against Shai for embezzlement. Shai and Rebecca kept the entire of the proceeds of the estate.