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As well as luring in the vulnerable with online mortgages and small loans, Jews have also been reaping the “rainless crop” via online gambling. One of the pioneers and biggest players in the online poker industry was Isai Scheinberg, an “Israeli-Canadian” former programmer for IBM. Scheinberg is the co-founder and former co-owner (with his son Mark Scheinberg) of PokerStars “the largest online poker cardroom in the world.” In United States v. Isai Scheinberg et al., federal authorities accused Scheinberg, along with associates and co-ethnics Howard Lederer and Rafael Furst, of extensive fraud and money laundering. The case concerned the fate of approximately $3 billion in assets; authorities sought prison terms for all the executives concerned, apart from Mark Scheinberg. One of the named executives, Ira Rubin, attempted to flee to Guatamala, but was arrested there on Monday, April 25, 2011. Rubin was subsequently sentenced to three years in prison, with the judge remarking: “You are an unreformed con man and fraudster.” Isai Scheinberg is still under indictment in the U.S., but has relocated himself and PokerStars to the Isle of Man, a self-governing British Crown dependency in the Irish Sea. He recently became a billionaire after selling the company to the Canada-based Amaya group. But some things never change, and the Chairman and CEO of gambling conglomerate Amaya is another co-ethnic, David Baazov. Baazov has been described by Jewish Business Week as the new “king of online gambling.”
Online gambling, like online moneylending, is currently one of the world’s largest growth markets. And given what we have discussed above, it is perhaps not all that surprising that Israel is emerging as a global center for online gambling companies. In fact, some commentators have credited Israel with “essentially creating the online gambling industry back in the 1990s.” Although Israelis are banned from targeting their own people with these websites, this has not prevented them from “catering” to gamblers abroad. Some of the biggest names in the online gambling industry are Israeli, such as Playtech, the world’s largest online gaming software supplier. Other well-known online gambling companies that maintain a sizeable presence in the Jewish State include 888, Bwin, Party Digital Entertainment, William Hill Online, Ladbrokes Digital, and Caesars Interactive Entertainment.
As online moneylending and gambling takes off, adding to the financial woes of consumers, more and more Americans, Europeans, Canadians and Australians will fall into the hands of the Jewish CEOs and companies I have listed. These citizens will descend into an inescapable spiral of debt. Across America, household debt is increasing at an alarming rate. It now approaches $12 trillion. Both Canada and Australia have household debt figures that are higher even than those in the United States. In the UK, household debt is predicted to grow three times faster than salaries over the next four years.
The flies are struggling in the web, but become only ever more fastened to it. I therefore contend that the Jewish CEOs and companies listed above, along with their “innovations,” fraudulent procedures, and practice of dual ethics represents a clear and present danger to the wealth, interests, and well-being of our societies.
He was right.
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