Skip To Content
JEWISH. INDEPENDENT. NONPROFIT.
Breaking News

Montreal Chabad Center Faces Probe Over Ties to Gambling Firm

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,  faces 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.

Securities officials say the Chabad center — ostensibly a charitable group — was used to launder money by individuals who donated money to it and 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.

Baazov resigned as Amaya CEO in August, but denies the charges and is contesting the legality of the raid.

I hope you appreciated this article. Before you go, I’d like to ask you to please support the Forward’s award-winning, nonprofit journalism during this critical time.

Now more than ever, American Jews need independent news they can trust, with reporting driven by truth, not ideology. We serve you, not any ideological agenda.

At a time when other newsrooms are closing or cutting back, the Forward has removed its paywall and invested additional resources to report on the ground from Israel and around the U.S. on the impact of the war, rising antisemitism and the protests on college campuses.

Readers like you make it all possible. Support our work by becoming a Forward Member and connect with our journalism and your community.

Make a gift of any size and become a Forward member today. You’ll support our mission to tell the American Jewish story fully and fairly. 

— Rachel Fishman Feddersen, Publisher and CEO

Join our mission to tell the Jewish story fully and fairly.

Republish This Story

Please read before republishing

We’re happy to make this story available to republish for free, unless it originated with JTA, Haaretz or another publication (as indicated on the article) and as long as you follow our guidelines. You must credit the Forward, retain our pixel and preserve our canonical link in Google search.  See our full guidelines for more information, and this guide for detail about canonical URLs.

To republish, copy the HTML by clicking on the yellow button to the right; it includes our tracking pixel, all paragraph styles and hyperlinks, the author byline and credit to the Forward. It does not include images; to avoid copyright violations, you must add them manually, following our guidelines. Please email us at [email protected], subject line “republish,” with any questions or to let us know what stories you’re picking up.

We don't support Internet Explorer

Please use Chrome, Safari, Firefox, or Edge to view this site.