shame them for what?? For being financially unintelligent? They honestly thought they were doing what was in the best interests of their institution. Most of them are probably were probably not aware of any sinister doings on anyones part
Huh? Since when is a rosh yeshiva qualified to make financial decisions?
(some are, but obviously some aren't)
I know of a rosh yeshiva that was approached with a similar "money making opportunity".
The proposed plan was to have a mailing sent out to all the parents of the student body, and have them sign up as well, and the yeshiva would get a referral/commission for each one.
Although it sounded very enticing (since, ultimately, the financial obligations of the yeshiva fall on to the rosh yeshiva), he told them that he needs to speak to the board of the yeshiva.
Bh the board members consist of "experienced" businessmen (As opposed to some shnuk who thinks he knows everything). They heard out the "opportunity" and advised the rosh yeshiva to keep himself and his parent body out of it.
Long story short : a few months later it went bust.
My point isn't that it went bust. My point is that any institution with a board - had they consulted with thier board, they would he tol to stay away.
If they don't have a board - that's a different major issue.
Just Bec ssomeone can be a rosh yeshiva or open an organization - doesn't mean he has any experience in the business world.
/rant