The report you heard is true, according to multiple, reliable local sources with whom I checked. The Lakewood mashgiah Rav Mattisyahu Solomon, shlit”a, did term some of the solicitation techniques of Kupat Ha’ir as “gezel gamur”/ theft in the true sense of the term. According to one local press report, he decried the fact that single women desperate for a yeshua had contributed all their savings to KH, and turned to him when the choson wasn’t forthcoming.
Not only is the report true, but R. Mattisyahu took his objections straight to R Chaim Kanievsky, shlit”a. The latter argued that he clearly did not offer any guarantees, and that his statements about the efficacy of donating to KH were nothing more than a reiteration of the statements of Chazal about the power of tzedaka.
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