MONTREAL — Quebec securities officials are investigating possible connections between a Montreal Chabad group and an alleged money-laundering scam involving the ex-CEO of Amaya Inc., the world’s largest publicly traded online gambling company.
David Baazov, 35, is facing charges filed in March that he tried to influence the Amaya stock price by using privileged information.
Securities officials found $66,000 in cash during a raid of the Chabad affiliate, called Centre Chabad, in June, The Canadian Jewish News reported Tuesday.
According to the officials, the Chabad center — ostensibly a charitable group — was used to launder money by donors who are now also being targeted in the Amaya investigation.
The raid was undertaken to view the Chabad center’s banking records and communication between its employees and those connected to the Amaya investigation or Baazov, according to The Jewish News.
Get The Times of Israel's Daily Edition
by email and never miss our top stories
By signing up, you agree to the
terms
Baazov resigned as Amaya CEO in August, but denies the charges and is contesting the legality of the raid.
Help us report truthfully on social media
As a multimedia journalist, my job is to take the quality, fact-based journalism produced by The Times of Israel newsroom and make it accessible across every platform — from Instagram posts to podcasts to short-form videos.
This is how many, especially young people, consume news these days. But misinformation is rampant on social media. Our team at ToI produces accurate, responsible short-form reporting on Israel and the Jewish world.
If you believe in the importance of factual social media journalism, please consider joining our reader support group, The Times of Israel Community. Your financial support is essential to sustain responsible multimedia reporting.
— Gabriella Jacobs, multimedia journalist
Support our work
Support our work
Already a member? Sign in to stop seeing this
You're a dedicated reader
We’re really pleased that you’ve read X Times of Israel articles in the past month.
That’s why we started the Times of Israel - to provide discerning readers like you with must-read coverage of Israel and the Jewish world.
So now we have a request. Unlike other news outlets, we haven’t put up a paywall. But as the journalism we do is costly, we invite readers for whom The Times of Israel has become important to help support our work by joining The Times of Israel Community.
For as little as $6 a month you can help support our quality journalism while enjoying The Times of Israel AD-FREE, as well as accessing exclusive content available only to Times of Israel Community members.
Thank you,
David Horovitz, Founding Editor of The Times of Israel
Join Our Community
Join Our Community
Already a member? Sign in to stop seeing this
Add ToI as a Preferred Source on Google
