Wall Street Felon known as 'Abba Dabba Do' Reemerges As 'Cure' Gays Guru
NEW YORK -- A Truth Wins Out (TWO) and South Florida Gay News (SFGN) investigation revealed today that a Wall Street criminal mastermind who was convicted in 1987 of "fraud of spectacular scope" has secretly reinvented himself as a moral leader who "cures" gay and lesbian people. Known as "Abba Dabba Do" in the financial world, Arthur Abba Goldberg was sentenced to 18 months in jail for bilking poor communities with complicated bond schemes and served six months in prison.
"We have long considered Arthur Goldberg a con-artist, but our investigation shows he is also an ex-con," said Wayne Besen, Executive Director of Truth Wins Out."His diabolical past mirrors his dishonest present-day work with the ex-gay industry. Whether it was shady deals on Wall Street or shading the truth on gay issues, Goldberg is someone who lacks credibility and can't be trusted."
"Mr. Goldberg's silence today about his illegal conduct yesterday is a clear indicator that 18 months in prison 20 years ago has not inhibited his willingness to deceive others in order to advance himself today,"said SFGN Publisher Norm Kent. "You free yourself by admitting your wrongs, not erasing them. Goldberg is hardly in a position to be advocating how gay men and women should be authentic with their own lives when he is a fraud with his."
Upon completing his parole, Goldberg dropped his conspicuous middle name, Abba, and co-founded Jews Offering New Alternatives to Homosexuality (JONAH) in 1999. He is currently the president of Positive Alternatives to Homosexuality (PATH), an umbrella group for "ex-gay" referrals and the Executive Secretary of the notorious National Association for Research and Therapy of Homosexuality (NARTH). He is also the President of Congregation Mount Sinai, a temple in Jersey City and a Principal for the International Center for Gender Affirming Processes (CGAP). Goldberg is a key ex-gay industry insider and viewed as an architect of its strategy and message machine, says TWO and SFGN.
In 1989, Goldberg pled guilty in federal court in California and Illinois to three counts of wire and mail fraud, and conspiracy to defraud the United States. The accusations he admitted to include his participation as the engineer of a phony bond and investment scheme, which netted his Wall Street investment firm nearly $11 million in illegal fees.
The U.S. Attorney who handled the case at the time, K. William O'Connor, told the court at his sentencing that Goldberg's crime was "a fraud of spectacular scope."
The SEC banned Goldberg and his firm from ever selling securities again. In addition to his prison term, Goldberg was disbarred in both New Jersey and Connecticut. Despite that, he lists himself as a Doctor of Laws today on the website of NARTH.