22 lines
1.8 KiB
Markdown
22 lines
1.8 KiB
Markdown
---
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category: "Religious Figures"
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tags:
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- Person
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- IranContra
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- CIA
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- Israel
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summary: "According to Ari Ben-Menashe, large amounts of money were funneled through his institutions to Drexel Burnham, a brokerage house where Michael Milken built his junk-bond fortune."
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born: 1902-04-18
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died: 1994-06-12
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location: "Nikolaev, Russian Empire (now Mykolaiv, Ukraine)"
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---
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[[Menachem Schneerson]], also known as the Lubavitcher Rebbe, was a prominent orthodox Jewish leader based in Brooklyn, [[New York City]]. According to [[Ari Ben-Menashe]], his financial institutions were enlisted by the [[Likud Party]]-controlled [[Iran-Israel Joint Committee]] to funnel money for housing projects in the [[West Bank]] and [[Gaza Strip]] for Jewish settlers, drawing from the slush fund generated by arms sales to [[Iran]].[^1]
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Ben-Menashe wrote that large amounts of money were funneled through his institutions to [[Drexel Burnham]], a brokerage house where [[Michael Milken]] built his junk-bond fortune, and that until 1987 some of the profits from the slush fund were used to finance the Lubavitcher yeshivahs (colleges).[^1]
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He wrote that in 1987 the committee and Schneerson parted ways, partly due to questions regarding his allegiance to the Likud Party and the emergence of the orthodox [[Shas Party]], which was at odds with the Rebbe; that funds previously directed to the Lubavitcher yeshivahs were redirected to the Shas yeshivahs; and that the committee also decided to withdraw funds from Drexel and from Schneerson's control due to concerns that the funds might be frozen if relations between [[Israel]] and the [[United States|U.S.]] deteriorated, contributing to Drexel's eventual downfall.[^1]
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### Footnotes
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[^1]: Ben-Menashe, Ari. *Profits of War: Inside the Secret U.S.-Israeli Arms Network*. Sheridan Square Press, 1992 (TrineDay reprint, 2015).
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