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Jewish Billionaire Donates $180M In Hyper-Inflated Kodak Stock To ‘Synagogue’ Where He Serves As President

August 13, 2020 By CFT Team -- 18 Comments

This is the story of how Jewish billionaire, George Karfunkel, who sits on the board of directors of Kodak, is alleged to have used his inside knowledge of the stock pricing and trading to donate $180 million in over-valued stock to an obscure and recently-founded ‘synagogue’ in Brooklyn of which he just so happens to be the President, all of which could net him a ‘charitable’ tax write-off worth upwards of $100 million:

In late July, a wild chain of events occurred when the Trump administration decided to give Eastman Kodak, the film giant that went bankrupt in 2012, an unprecedented $765 million government loan through the Defense Production Act. Under this deal, which President Trump touted, the company would manufacture ingredients for an assortment of drugs, including hydroxychloroquine, the antimalarial drug Trump has repeatedly promoted—without scientific support—as a treatment for COVID-19.

The agreement was officially announced on July 28, but the previous day, the price of Kodak’s stock began to surge, following local media leaks about the loan in Rochester, New York (the home of Kodak). This buying frenzy continued for a couple of days. During that time, billionaire investor George Karfunkel, a member of Kodak’s board of directors, made an unusual transaction: He donated 3 million Kodak shares—worth up to $180 million at the time—to a relatively new Jewish congregation that has almost no public profile.

The out-of-the-ordinary loan for Kodak came from a new and little-known government agency: the US International Development Finance Corporation. This outfit was created to provide foreign aid—not domestic assistance—and it is headed by Adam Boehler, a former roommate of Jared Kushner. In March, Kushner tapped Boehler to be part of his shadow coronavirus task force.

The Kodak deal is now under investigation by several House committees, which have raised questions about Kodak’s “lack of pharmaceutical experience” and about stock options handed to executives and board members right before the announcement. Sen. Elizabeth Warren (D-Mass.) has called for a probe of whether “one or more individuals may have engaged in insider trading.” In a letter to the Securities and Exchange Commission, she observed, “This is just the latest example of unusual trading activity involving a major Trump administration decision.”

…On Friday night, the International Development Finance Corporation tweeted: “Recent allegations of wrongdoing raise serious concerns. We will not proceed any further unless these allegations are cleared.” In response, Kodak stock plunged nearly 30 percent on Monday.

Kodak did not reply to a request for comment. It has created a special committee to conduct an internal review.

The turbulent trading began on July 27, as news of the loan seeped out. Kodak’s stock opened at $2.13 and closed at $2.62, with 1,645,700 shares traded—more than 20 times the volume of previous days. On July 28, with the word now out officially, the stock opened at $9.63, hit a high of $11.80, and then dropped to $7.94, which was an almost four-fold gain from the start of the previous day, with a whopping 284,666,800 shares traded. The next day, July 29, was crazier. Kodak shares started at $18.43, and at one point reached an eye-popping peak of $60. Its low that day was $17.50, and it closed at $33.20, with 276,020,100 shares in play. But then investors realized that Kodak’s agreement was not yet a done deal, and over the next few days, the stock declined and stabilized in the $15 region.

In the middle of this spree, Karfunkel, a major investor in Kodak, and his wife, Renee, donated those 3 million shares to an entity called Congregation Chemdas Yisroel, according to an SEC filing. They did so on July 29, the day the stock price hit $60, so those shares could have been worth as much as $180 million at the time of the gift. If the donation was executed at the end of the trading day, its value would have been $99.6 million.

Given that Congregation Chemdas Yisroel is registered as a tax-exempt religious organization, the Karfunkels will be able to claim this donation as a tax deduction. That means they could pocket a deduction between $52.5 million and $180 million for a bloc of stocks that two days earlier was worth $6.39 million. (The donation also lowered the Karfunkels’ holdings in Kodak to 4.4 percent—which is below the 5 percent threshold that requires investors in a publicly traded company to report their stock transactions.)

The gift to Congregation Chemdas Yisroel from Karfunkel, an Orthodox Jew who has supported various Orthodox schools and synagogues in Brooklyn, was noted in passing in media accounts of the Kodak stock frenzy. But what went unreported were details regarding the recipient of this immense gift. And it is tough to find any traces of this Congregation Chemdas Yisroel. It has no website. It is not listed on the synagogue locator of the Orthodox Union, a large support network for Orthodox congregations. There is no information on it within various online databases, beyond its existence as a corporate entity.

Chemdas Yisroel was registered as a Delaware corporation in December 2018. Two weeks later, Chemdas Yisroel was registered with the New York Department of State as a Brooklyn-based entity. A search of Delaware corporation records for groups with the word “congregation” in their names yielded only 19 entities of which 10 appeared to be Jewish organizations. The New York State division of corporations lists hundreds of organizations that have “congregation” in their names and that appear to be Jewish.

The New York corporate registration for Congregation Chemdas Yisroel listed its address as that of an accounting firm in Brooklyn, Roth & Co., and Abraham Roth, the co-managing partner of the firm, was cited as a point of contact. Roth did not respond to multiple requests seeking comment about Chemdas Yisroel and Karfunkel’s massive donation.

George Karfunkel and his brother Michael were born in Hungary and grew up in Brooklyn, their father a fishmonger and a religious scholar, according to a Forward article published in 2016 when Michael died. (The headline: “Michael Karfunkel, the Orthodox Billionaire No One Heard Of, Dies at 72.”) Through a wide collection of businesses, they became one of the wealthiest American families. In 1976, George was on an Air France plane hijacked by Palestinian terrorists that was flown to Entebbe, Uganda, where Israeli commandoes mounted a rescue.

A 2014 Foundation for Financial Journalism report recounted the Karfunkel brothers’ early days in finance:

The brothers were employees at a mutual fund boiler room called Economic Planning Corp.; their bid to diversify the firm by having it engage in the capital markets ended with them at the center of a wide-ranging pump and dump scam that collapsed in 1971…[T]he Securities and Exchange Commission injunction and suspensions they received hardly set them back.

The brothers went on to create their own financial powerhouse. In 2008, they sold their American Stock Transfer & Trust Co. for close to $1 billion. (In July 2019, Anne Neuberger, George Karfunkel’s daughter, was named head of the National Security Agency’s new cybersecurity directorate.)

Both brothers have been highly regarded within the Orthodox community of Brooklyn for their philanthropy. According to the Foundation for Financial Journalism report, “Their foundations give almost exclusively to yeshivas and synagogues connected to Haredi Judaism, many of which are affiliated with the Belz Hasidic sect.” The report also noted that their foundations “employ risk in a fashion rarely seen in other private foundations,” and it outlined financial transactions mounted by the foundations involving complicated stock trades. And the Forward reported, “The charities the two brothers controlled are among the largest, and most unusual, Jewish private foundations in the country.”

Even with this long history of philanthropy, George Karfunkel’s gift of Kodak stock to Chemdas Yisroel stands out as much greater—by a factor of 15 to 50—than the grants on the most recent tax filings of the Karfunkel Family Foundation and the Chesed Foundation of America…

What happened to the 3 million Kodak shares after Karfunkel and his wife donated them to the congregation? Were they sold? If so, at what price? How might this organization—with no publicly identified officials—use a windfall of tens of millions of dollars or much more? There are no answers. The public trail ends with the stock transfer…

UPDATE: After the above story was published, the Wall Street Journal also reported on George Karfunkel’s donation of Kodak shares to the Congregation Chemdas Yisroel. The newspaper noted that Garfunkel is listed as the president of the synagogue in New York State charity-registration records. It reported that this donation “would make it the single largest gift recorded to a religious group, based on a list maintained by the Chronicle of Philanthropy.” According to the Journal, “The New York paperwork describes the congregation as an Orthodox Jewish synagogue that conducts religious services, classes, lectures and seminars, and would use any funds raised only for religious, charitable and educational purposes. The congregation appears to have a small space attached to a three-story apartment building on a quiet side street in the ultra-Orthodox Jewish neighborhood of Brooklyn’s Borough Park. A small nameplate on the building’s exterior is the only visible sign of its location.” In its charity registration records, the congregation lists Reinhold as its secretary and Roth as its director. With Karfunkel, they are the only officers of Chemdas Yisroel. Karfunkel is also listed as the “Chief Financial Officer or Treasurer.”

Sure, a ‘synagogue’ comprising three Jewish individuals who appear to have conspired together to bilk the U.S. government out of nearly $100 million dollars in tax abatements — and this ‘synagogue’ will get to keep the money it gained from in turn selling that hyper-inflated stock before it crashed — a scam that could net him $350 million depend on what they sold the stock for.

On the other hand, since the shiksa, Martha Stewart, didn’t have Jewish privilege, she actually spent time in jail for alleged insider trading that netted her a paltry $45,000.

Rest assured, though, that since President Trump named Karfunkel’s Orthodox daughter — Anne Neuberger — head of the National Security Agency’s (NSA’s) new cybersecurity directorate — this investigation may have to be dropped for issues of  ‘national security’.

We recently reported on a story about a police investigation of organized crime in the Ukraine required a list of names of all the Orthodox Jews in a certain city — the request predictably was smeared as ‘antisemitic’ and denied.

If you think Jews go to synagogues merely to pray rather than conduct business, you don’t understand the true nature of Judaism and its holy book The Talmud, which provides a blueprint of how to bilk the goyim.

The fuzzy line between Jewish high finance, criminality and so-called ‘philanthropy’ is never clear — intentionally so — and it would seem that behind every great Jewish fortune lurks a great crime.

A prominent 20th century German statesman once observed that the real reason Zionist Jews wanted to found the State of Israel was something other than fulfilling prophecy:

“While the Zionists try to make the rest of the World believe that the national consciousness of the Jew finds its satisfaction in the creation of a Palestinian state, the Jews again slyly dupe the dumb Goyim.  It doesn’t even enter their heads to build up a Jewish state in Palestine for the purpose of living there; all they want is a central organization for their international world swindler, endowed with its own sovereign rights and removed from the intervention of other states: a haven for convicted scoundrels and a university for budding crooks.  It is a sign of their rising confidence and sense of security that at a time when one section is still playing the German, French-man, or Englishman, the other with open effrontery comes out as the Jewish race.”

https://christiansfortruth.com/wp-content/uploads/2019/12/is4sii.mp4
Didn't Do Anything

 

 


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Reader Interactions

Comments

  1. david

    August 21, 2020 at 12:58 am

    The Cult of the All Seeing Eye..
    Seen them “all seeing eye ” and crouching children signs All Over.
    In Thailand in Hua Hin, in the towns of Northern England, Israeli Restaurant proudly displayed
    in Riga Latvia, you see all around.
    Not Conspiracy Theory, just the facts.

    http://theflameuk.com/index_html_files/The%20Cult%20of%20the%20all%20seeing%20Eye.pdf

    Satans greatest trick was to convince the majority that he does not exist, Agnostics and Atheist ,and none believers are the Greatest of Fools, they dismiss think they are clever and think they can opt out.

    Reply
  2. david

    August 20, 2020 at 2:33 pm

    “The Safardi Connection”: Israel’s Billions–Jewish Swindlers and International Financiers by Herve Ryssen:
    https://www.bitchute.com/video/ANeZvCL2Ccys/

    Reply
  3. theroadtopower.com

    August 14, 2020 at 7:18 am

    The agency that gave Kodak the loan, the US International Development Finance Corporation, is run by who, do you think? Do you really need three guesses?

    The jew Adam Seth Boehler.

    Every. Single. Time.

    Reply
  4. Jason Roberts

    August 14, 2020 at 2:43 am

    Speaking of Jews doing things in multiples of 18… https://twitter.com/jewsusingchai18
    Also, doing it on 7/29. 729=9x9x9. (upside-down 666)

    A most important principle of the Gaon is that everything that will occur upon completion of the Redemption will begin at the beginning of the Redemption and gradually proceed, by the 999 footsteps of the Mashiach, which are compared to the footsteps of the flock. – Kol HaTor, p. 3

    Reply
  5. Flanders

    August 13, 2020 at 7:28 pm

    “San Francisco Sen. Scott Wiener Introduces Bill to Decriminalize Men Having Sex With Boys”

    http://www.informationliberation.com/?id=61646

    Reply
  6. Chesterton

    August 13, 2020 at 3:00 pm

    No doubt this is exactly how this Jewish crook made his entire fortune–he masterminded his first large scale theft in the 1970s, and didn’t do any jail time, which emboldened him no doubt. The FBI probably has official orders to lay off him — and the SEC will do the same. He’s different, special, privileged, in a word, a Jew.

    Reply
  7. Ottify

    August 13, 2020 at 12:04 pm

    This is the standard blueprint for the fleecing of America. Sadly, this is but a taste of the shit soup being served as bouillon named “The American Dream”.

    “White privilege” indeed…

    Reply
    • luke2236

      August 14, 2020 at 1:31 pm

      Yes… every day I think (((they))) cant get more brazen about their criminality, and every day, Im wrong…

      Reply
  8. I Dunno

    August 13, 2020 at 11:08 am

    EVERYTHING YOU NEED TO KNOW ABOUT KAMALA HARRIS straight from the Times of Israel.
    Key points, All of this is stated in this Times of Israel report:
    She’s married to a Jew and followed the Jewish rituals during her marriage, which likely means she is a Jew (but they won’t admit that)
    She fundraised for Israel, which is something Jews would do

    She’s going to ram “hate crimes” legislation through like nobody’s business, if she gets in WATCH OUT, your web history will be deeply scrutinized and if you ever said Jews were guilty of anything, you’ll be toast, retroactively.

    She is 100 percent Jewish supported, they are behind her TOTALLY.

    She’s more AIPAC than even normal Jews are

    MARK MY WORD: THE ELECTION WILL BE STOLEN. The Jews are going to use countless fake ID’s printed in China, will hand them out in their synagogues and have every damn Jew vote as many times as it takes to overwhelm the entire population of the United States. Whether or not Trump realizes that’s how the election got stolen, he will know it was stolen. And when he scrutinizes this, the same military Obama set up will go in and remove him with force. That’s why they are talking about that now, they know the public knows they are going to steal this election, and they know they are going to have to enforce the theft. Kushner did what it took to stall Trump long enough to destroy his efforts that would have worked to prevent this.
    When they succeed, America will see a genocide un-parralleled in world history, that is PRECICELY WHAT DEAGLE HAS INDICATED FOR YEARS and Kamala will sell it with a smile. The only thing stopping the genocide is gun owners, many of which are convinced Corona is real, and will let that ruse be used as a pretext for their elimination.

    http://82.221.129.208/.vf6.html

    Reply
    • Ottify

      August 13, 2020 at 11:59 am

      No offense, I Dunno, but this is by far and away your best comment here. IMHO you hit the nail right on the head 🙂

      Reply
      • I Dunno

        August 14, 2020 at 3:31 pm

        Jim Stone wrote it.

        Reply
    • Paul

      August 13, 2020 at 1:36 pm

      Harris is another lab specimen ,like Obama , estranged parentage exalting miscegenation from different parts of earth with the consummation of her own infertile jew marriage . Harris is another president candidate and all it can be is a scapegoat for congress . She or he will leave with the legacy of betrayal .

      But they can only approve in name of American people what evil abomination congress was commissioned by jew to manufacture. Has never changed .JFK gave them everything they desired and then they killed him. The murder would atone for his crimes : de mortuis nil nisi bonum . It’s a jew game and people will watch helplessly their own dispossession and demise . Then repeat their error ad infinitum . WHy change it?

      Reply
      • Lisette

        August 14, 2020 at 1:16 am

        An Obama in skirt….she was hand-picked to do a job, now playing the devils advocate White Americans are letting these dictatorial Jews ram the crap down their throats because somewhere deep down they believe that Jews are gods chosen people or cowardice to stand up and say enough is enough because they don’t care enough to defend the Republic. There is ample evidence of outright corruption and theft but nobody does a darn thing about it.

        Reply
  9. Lisette

    August 13, 2020 at 9:36 am

    Thank you CFT…proving once against who controls the federal bureaucracy which is blatantly corrupt. The purpose of expanding federal powers was exactly to give these corrupt Jews in the foreign policy areas cover. America is in deep, deep trouble….insider trading, like George W. Bush, don’t Trump is played like a fiddle….he is between a hard rock and a wall. Now that he is in government he finds out who controls America…..I don’t think he is stupid but like many also in the straight jacked….they advise him and he puts his signature and they laugh all the way to the bank while he catches hell. I consider myself blesses because I survived the onslaught of Amsterdam, the Netherlands and New York, USA…..but the story is not over until the caged bird sings…..

    Reply
    • Lisette

      August 14, 2020 at 7:43 am

      My words are not even cold…..Trump is being played like a fiddle, signing executive order after executive order to bypass Congress and now this……”Netanyahu Praises Israel-UAE Peace Deal: ‘Historic Moment of Breakthrough for Peace’ This is how Jews use America to further their imperialist agenda around the world, it started with Germany……yes, I say it America was tricked into waging war against Christian Europe, first Germany as the largest and strongest economy on the mainland, than subjugated all of Europe with WWII.

      America keeps churning out Jewish billionaires while importing everything from communist China. They have turned the American people into feel good, don’t think entertainment culture slaves. How many times did Jews call Donald Trump Hitler, Fascist, dictator, they even wrote books about it.

      How many American’s challenged these Jewish supremacist and defended Trump, to my knowledge niente, nada, zero. But they praise him when he does something in the interest of these supremacist….come on people…..bloody wars were fought against religious tyranny in Europe and separated law from religion, America fought against tyranny and foreign domination and created a system of divided powers to prevent abuse of power, tyranny and foreign domination but these see religious supremacist having a stranglehold on all branches of the US government and people embrace it…….https://www.breitbart.com/middle-east/2020/08/13/trump-brokers-brokers-historic-agreement-for-diplomatic-ties-between-israel-and-uae/

      Reply
      • Lisette

        August 14, 2020 at 9:41 am

        I know there was something fishy about this American born Jewish woman when she said that “All Lives Matter” was racist, creating a damning impression of American police officers as black people hating racist. She praised Europe for the Marxist welfare states…..and is living in Berlin I am sure pushing the same narrative….but that’s not the news, she is in the books in Brussels with a book ‘What We Can Learn From Germany’ (my translation because the book is in Dutch) after Jews used America to foment hatred against Germany as dangerous NAZIs, she is now coming with this claptrap what we can learn from Germany, confirming my point Jews are playing the game and making their way back to Europe because they screwed up America and feel the heat, I sure I am not the only one seeing the writing on the wall….https://en.wikipedia.org/wiki/Susan_Neiman

        Reply
  10. Paul

    August 13, 2020 at 8:57 am

    This anatomy of a crime always leads to the US government , redundant bureaucracy , weeds and tangles of lies and deceptions called commercial law and a rootless , little jewish man , whose ethereal wealth is the fruit of legalized jewry. All law once emanated from a just God ; now is superseded by a den of thieves commissioned by the jew to write his laws to deceive man and blaspheme the Most High.

    Reply
    • Lisette

      August 13, 2020 at 9:42 am

      I second that without a reasonable doubt….the US federal government has a lot of programs created by Jews to benefit Jews…..that’s why the Constitutional Republic magically morphed into the democracy with a debauched anything and everything goes, only corrupt people benefit….

      Reply

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