The mysterious rise of Naum Koen
It was supposed to be one of the first dividends of peace.
On December 7, one of Israel’s premier soccer teams, Beitar
Jerusalem, announced with great fanfare that it had sold 50 percent of its
shares to an Emirati businessman sheikh.
The sheikh, who now goes by Hamad bin Khalifa Al Nahyan, is
one of the lesser-known members of Abu Dhabi’s royal family.
But the broker in the deal was also a newcomer on the world
stage. His name was Naum Koen, a Dubai-based Russian-Israeli businessman who
introduced himself as the sheikh’s top adviser.
In a touching scene filmed by Israel’s Channel 12, the
sheikh’s son, Muhammad, wearing a black-and-yellow Beitar scarf over his long
white robe, turned to Koen and said, “I’d like to say thank you again to my big
brother who opened the doors of peace and love and harmony between the two
countries.”
“Thank you very much, your highness,” Koen said to the
sheikh’s son. “As we say in Hebrew, mazal tov, mazal tov, mazal tov.”
“Mazal tov, mazal tov, mazal tov,” the sheikh’s son replied
heartily, in Arabic-accented Hebrew, as the two men embraced.
The Beitar Jerusalem sale was one of the most publicized
business partnerships struck after Israel and the UAE signed a historic
normalization agreement in August 2020. The sheikh promised to pump $90 million
into the soccer club in the coming decade.
The deal was symbolic on many levels. Some of Beitar’s fans
have become notorious for racist outbursts against Arabs, and the sale of half
the team to an Emirati sheikh appeared to usher in a new era of tolerance and
brotherhood. “We want to set an example to both nations that Jews and Muslims
can work together,” said the sheikh.
But on February 11 the deal fell through. Beitar withdrew
its application for approval of the sale following an Israel Football
Association probe into the sheikh’s finances.
Separate investigations by private intelligence firms hired
by the soccer body reportedly alleged that Al Nahyan had overstated his
personal wealth and that some of his money came from dealings in
cryptocurrencies, which often raises red flags for regulators.
Moreover, several of the sheikh’s business associates were
of questionable repute, the reports claimed. These included former FC
Portsmouth owner Sulaiman al Fahim, who was sentenced to five years in an
Emirati prison for forgery, as well as Cypriot Sendjer Shevket, who spent seven
years in a UK jail for a fake movie loan scam. Al Nahyan had also partnered
with Shevket’s alleged accomplice Yen Lung Chen, who was indicted in the United
States but never apprehended and had the fraud charges against him dismissed in
2007.
Koen’s role in the sale and his past business dealings were
not included in the probes, according to those parts that were leaked. However,
an investigation by The Times of Israel reveals a checkered past for the
middleman, including contradictory court affidavits about his wealth. Despite
the scuttled Beitar deal, Koen remains a powerful and influential figure in the
UAE’s Jewish and Israeli expat communities, reaping the fruits of normalization
while brashly building up his own cachet, to the consternation of some.
Koen told The Times of Israel that he is the founder and
main benefactor of the Jewish Community Center of the United Arab Emirates,
which consists of a synagogue and other institutions. Led by Levi Duchman, the
official Chabad-Lubavitch emissary in the United Arab Emirates, the JCC raised
some hackles when it opened in June 2020 by openly flaunting its presence at a
time when Dubai’s more established Jewish community was still keeping a low
profile.
One of Koen’s companies, the NY Koen Group, has launched an
initiative to supply kosher food in the UAE. Koen’s company has also announced
a partnership with the Dubai-based Kiklabb, which helps entrepreneurs register
companies in the Emirates. Koen’s website, Naumkoen.com, features photographs
of him with notable business figures, politicians and celebrities, including
Prime Minister Benjamin Netanyahu, Ukrainian President Volodymyr Zelenskiy,
actor Steven Seagal, Israeli pop singer Omer Adam, construction mogul Raj Sahni
and convicted felons-turned-celebrities Ilan Fernandez and Jacob Arabo.
Members of the UAE Jewish community were extremely skittish
about speaking to The Times of Israel about Koen, to the point where most
declined to be quoted even anonymously.
Some of them see Koen as an ostentatious individual with an
outsized media and social media presence at odds with the more modest
sensibilities of the UAE Jewish community.
Several people told The Times of Israel that the Emirati
Jewish community consists largely of members of the professional-managerial
class, people who tend to have degrees from elite universities and would be
embarrassed to show off their wealth by wearing a Rolex or driving a
Lamborghini. One person described the community as similar to that of Ra’anana,
an upper-middle-class suburb of Tel Aviv with a large population of
family-oriented meritocrats.
One source questioned The Times of Israel’s decision to
profile Koen, suggesting that such a write-up would distract readers from all
the wonderful and legitimate business deals and collaborations taking place
between Israelis and Emiratis.
Koen, for his part, has not been shy about speaking to the
media or flaunting his self-professed wealth and business activities. In a
50-minute television feature on Israel’s Channel 12 earlier this year, he wore
what he described as a $2.5 million emerald-and-ruby studded watch, drove an
$825,000 Rolls Royce and spoke of living in a $12 million Dubai mansion.
“I always dreamed of [great wealth],” he told the
interviewer.
But much about Koen remains a mystery. Just five years ago
Koen told an Israeli court he could not attend his own bankruptcy proceedings
because he was working off a debt of less than NIS 900,000 ($272,800) to his
Russian employer.
“The debtor has not returned to Israel,” Koen’s attorney
wrote, referring to her client. “His employer, who paid a large portion of [his
debts], will not let him return to Israel until he finishes paying off his debt
through work.”
One thing is clear: Koen’s own story and the story told
about him in Israeli court documents can’t both be true. But if he is not the
wealthy self-made businessman he claims to be, who is he? And where does the
money that paid for his house, his watch and his philanthropic donations come
from?
From Nahshon to Naum
Prior to 2013, Naum Koen had an entirely different name. He
was known as Nahshon Nahshonov.
Koen’s spokesperson at the time, Asher Gold, told The Times
of Israel in December that Koen uses a different name in the Emirates because
he found locals had difficulty pronouncing Nahshonov, so “he decided to use
Koen as his last name due to his family origins of the Jewish priestly caste
known as Kohanim (a plural of Kohen or Koen).”
Koen was born in 1981 in Dagestan, then part of the USSR and
now Russia, and immigrated to Israel with his parents and four siblings in
1994.
In a 2017 lawsuit, his parents Yaakov and Ludmila, a factory
worker and a housecleaner, claimed to be estranged from three of their five
children. They claimed that Nahshon had left their home in 2003 and they had no
idea where he was.
“[Nahshon] lived in the apartment with us until 2003 when he
left the apartment with all his belongings for an unknown destination and as
far as we know he currently lives abroad,” his parents wrote in their October
2017 affidavit.
Koen told The Times of Israel that he is on good terms with
his parents, but that their characterization is otherwise accurate: that he had
left Israel in 2003 to seek his fortune in Ukraine, Russia and elsewhere.
Flight records show him being outside of the country in
2005-2009, for most of 2011, and then to have left the country for good in
September 2013.
“Since 2003, I’ve mostly lived abroad,” he said, “but I
visit Israel a lot.”
An opportunity in Russia
In February 2012, Koen filed for bankruptcy in Israel. In
the filings, he said he had debts of about NIS 700,000 ($209,700) that he could
not pay. These included debts to municipalities, to credit card companies, and
to extra-bank lenders, as well as an unpaid personal loan from Itzhak Maman,
owner of the Red Sea Hotel in Eilat.
In the filings, Koen described his profession as “driver”
and declared his salary to be NIS 4,000 (about $1,000) a month.
But some time in 2013, Koen had a sudden change of fortune.
He told the court in August 2013 that he had been offered a job in Russia.
“I have received a job offer that matches my skills,” he
said in a court filing. “I’ve been offered a job in marketing and sales for a
business in Russia.”
Koen paid back nearly all of his debt and left Israel in
late 2013. The bankruptcy proceedings continued and Koen continued to be
summoned for hearings, but did not attend.
In May 2015, his lawyer acknowledged that he had failed to
show up for court hearings as promised but explained that Koen’s employer in
Russia would not let him return to Israel because the employer had covered the
cost of his debts, and Koen now had to work to pay him back.
“The debtor’s employer, who paid part of the money he owed
his creditors so that he could leave Israel, will not allow the debtor to
return to Israel until he repays his debt through work,” Koen’s lawyer wrote in
a court filing.
Koen claimed the bankruptcy court document had been
misinterpreted and he was not deeply in debt.
“The document said I had an obligation to my partner,” Koen
told The Times of Israel, referring to his former employer as his partner, “not
a debt. I had commitments to my partner.”
Koen refused to divulge the name of the partner. “I cannot
speak about this and don’t want to speak about this,” he said. He later added
that “my Russian ex-partner likes to keep a low profile.”
International man of mystery
In August 2013, a Cyprus-based businessman named David
Khabie bought 600,000 euros worth of vodka and whiskey from a man named Nahshon
Nahshonov, according to court filings in a different case. The invoice Nahshonov allegedly provided to
Khabie, a copy of which is included in court filings, had a link to Nahshonov’s
personal website. This website featured a biography that was completely at odds
with the information Koen/Nahshonov provided to the Israeli bankruptcy court.
According to an archived version of the website, Koen came
from wealth.
“Nahshon Nahshonov was born in Derbent, USSR in 1981, to a
successful family,” the website read. “Nahshonov took after his father Jacob
Nahshonov who is also a very successful businessman.”
The website also featured a press release from May 2013, in
the midst of his bankruptcy proceedings, that claimed he had a net worth of
$581 million.
“Nahshon Nahshonov, a remarkable individual who’s
intensively involved with charity work, has recently decided to channel some of
his fortune to groups of needy individuals that are sadly not given as much
care as they should be. Being a young Jewish man from Russia, Nahshonov has
compassion and understanding towards this specific group of people, WWII
veterans in Eastern Europe. It is almost impossible to imagine the hardships
these individuals have gone through and Nahshonov has made their recent Easter
a bit better by donating $1,350,000 via his company Isra Diamond
International,” the press release said.
When The Times of Israel asked Koen about this website, he
said that it was not his and that he had no idea who was writing untrue, albeit
highly flattering, things about him.
“Who would write such things? I don’t know,” he said. “That
website has nothing to do with me.”
Koen in Ukraine
By October 2013, while presumably working for his Russian
employer, Nahshonov began registering companies under his new name, Naum Koen,
in Ukraine. Among the more than a dozen companies he registered were firms
involved in the construction, aviation, hotels, diamonds and internet marketing
industries. Around this time, he also recorded popular music in the “Russian
chanson” tradition.
By February 2016, Koen began registering companies in Dubai
as well. These included Daniel MS, a diamond firm; Time to Nova; an internet
marketing firm; and Gemgow, an online platform for the trade of precious
stones. In 2017 he registered Jeni Coin, a jewelry design company, and Amber
Palm, a company that markets high-end amber tiles for interior decoration.
While Koen is the director of all these companies, the identity of their
ultimate beneficial owner is not public information.
An October 2018 profile on a Ukrainian news site described
Koen as presiding over a “global business empire,” in places as diverse as the
UAE, India, Qatar, Azerbaijan, the Czech Republic, Kuwait, Bahrain, Saudi
Arabia, Ukraine, the US and Hong Kong.
The article listed a number of Koen’s business partners,
including Russian diamond giant Alrosa; Indian vaccine magnate Cyrus
Poonawalla; luxury jeweler Jacob & Co, founded by Jacob Arabo, whose
photograph with Koen appears on Koen’s website; Baku-based private jet charter
Silk Way Business Aviation; SOBHA Group, an Emirates real estate firm that has
begun marketing to Israelis; the Al-Arfaj Group, a Kuwait holding company; and
Ukraine’s Viaan Mobile Group.
In October 2019, a press release announced that Canadian-Russian
businessman Boris Birshtein was an investor in Gemgow.
Birshtein is a prominent businessman whose son-in-law, Alex
Shnaider, financed the Trump Tower Toronto. Birshtein was described by
Switzerland’s counterintelligence service in 2007 as having ties to both the
Russian mafia and the KGB. In multiple media accounts, Birshtein has denied any
such ties.
Koen confirmed that Birshtein is indeed one of the company’s
investors. He said that Birshtein is not his Russian employer, but refused to
divulge the identity of that employer.
The Times of Israel contacted Birshtein asking him to
confirm or deny that he had invested in Gemgow, but did not hear back prior to
publication.
Today, the website of the Koen Group features a diverse
range of companies under Koen’s control offering everything from private
aviation and jewels to cellphone cases, real estate and medical equipment. All
of the companies list the same addresses in Dubai and Kyiv and nearly identical
phone numbers.
The company websites make heavy use of stock photos and some
literature is riddled with mistakes in English, including using Koen and Cohen
interchangeably at times. “Nobody wants to be victim of fraud [sic],” a site
for Koen Security pitches.
Asked how he became such a successful businessman so quickly
after having been in debt, Koen replied, “We all have ups and downs.”
“Thank God (and some Bitcoin), my business is doing well,”
he added.
Leader or outlier?
There are at least three Jewish congregations in Dubai,
egalitarian, Modern Orthodox and Hasidic-Orthodox. The latter group is headed
by Chabad-Lubavitch Rabbi Levi Duchman along with businessman Solly Wolf.
Wolf told The Times of Israel that Koen is the founder and
main benefactor of the Hasidic congregation, also known as the Jewish Community
Center, which he said was founded two years ago.
The Times of Israel asked Rabbi Levi Duchman whether Koen
was in fact the JCC’s founder and main benefactor. Duchman did not address the
question of Koen specifically, but said that the community had multiple
founders and funders.
“We weren’t founded by benefactors,” he said. “Rather the
JCC was formed as a community of Jews coming together to enrich Jewish life and
practice here in the UAE. We’re grateful that our support is reflective of
that, in that it comes from a broad base of those in our community.”
Some members of the Dubai Jewish community first recall
becoming aware of Koen in March 2019 when he funded a festive Purim dinner at
the Burj Al Arab Hotel. The dinner had been unusual, because much of the UAE
Jewish community, which numbers several hundred, had been trying to keep a low
profile at the time.
Some individuals in Dubai’s Jewish community said that the
Jewish Community Center, which is less established than the Jewish Council of
the Emirates, a community that has been around for a decade, has gotten a lot
of attention by courting publicity and posting robustly on social media. This
has created a discrepancy between Koen’s media presence, they said, and his actual
prominence within the Jewish community.
Wikipedia pages for the JCC, Koen and Sheikh Hamad bin
Khalifa Al Nahyan, who previously went by the name Adel al-Otaiba, were all
published by and are heavily policed by a user named Shemtovca, who appears to
be Oleksandr Nathan Bomshteyn, a Toronto-based consultant who does web
marketing, SEO and reputation management.
Koen’s article was created on May 19, 2019. The JCC article
was created in July 2020, and the Wikipedia article about the sheikh was
created on December 3, 2020, a few days before the Beitar deal was signed.
Wolf highlighted Koen’s charitable giving and said there was
no reason to look into where his wealth came from.
“Koen is a philanthropist. He has given millions of dollars
to Jewish communities around the world,” Wolf said. “He is a very successful
businessman with 13 different companies around the globe. The question of how
he made his money is absurd.”
Koen himself told The Times of Israel that he was unhappy
with the way many media outlets had portrayed him.
“You [the media] only want to write bad things about me?
Why? What did I do?” he asked.
“We all have times in our life we would rather forget and
times and achievements we want to remember,” he said. “But instead of focusing
on me, I am looking forward to when journalists and publications like yours
will devote more time and effort to doing profiles on charities. And focus on
helping those less fortunate in the society.”
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