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"Julius 'Nicky' W. Arnstein was an American businessman, professional gambler, and con artist. Arnstein and Brice had two children, daughter Frances Arnstein Stark (1919-1992) and son William Arnstein (1921-2008) a graphic artist later known professionally as On May 16, 1924, having been convicted of conspiracy to carry stolen securities into the Arnstein remained out of trouble for the rest of his life. (Her daughter Frances went on to marry Hollywood producer Ray Stark, whose films included both “Funny Girl” and its sequel; her son, William Brice, became a well-known abstract painter.) Nicky Arnstein was born Julius Arndstein in Prussia, acquiring the nickname Nicky from the nickel plated bicycle he used to throw races as a boy in the 1890s.

Fanny Brice as she appears on the sheet music for "Rose of Washington Square," which she introduced in Ziegfeld's Midnight Frolics. Whether Rothstein was part of the scheme has never been proven but Arnstein was caught with some of the securities in Washington DC. Nick was the love of her life. Indeed, Fanny Brice was hardly the sexual innocent portrayed by Streisand in Funny Girl at the time of her first physical experience with Nicky Arnstein. Fanny and Julius W. "Nicky" Arnstein, ca. Arnstein was married, but through Rothstein’s connections he met Fanny Brice, one of the largest stars of the stage in New York at the time. Although the stage and screen hit Funny Girl is inspired by the life of singer-actress Fanny Brice, the plot is mostly delicious fiction with an occasional fact thrown in. These qualities no doubt endeared him to Rothstein. She had already been married to and divorced from Frank White, a barber notorious for his unscrupulous attraction to teenage women in show business (Goldman 39). Arnstein was soon living with Brice, and operating various scams backed by Brice’s money.In 1915 Arnstein was charged with using an illegal wiretap as part of a stock swindle scheme, and sent to prison. Arnstein was married, but through Rothstein’s connections he met Fanny Brice, one of the largest stars of the stage in New York at the time.

Arnstein was soon living with Brice, and operating various scams backed by Brice’s money. Both the play and movie were produced by Fanny Brice's son in law, Ray Stark, who had the unenviable task of … Arnstein was eventually sentenced to the federal prison in Fort Leavenworth in 1924. In 1915 Arnstein was charged with using an illegal wiretap as part of a stock swindle scheme, and sent to prison.

About her husbands, Nick Arnstein and Billy Rose, Fanny said, "I never liked the men I loved and never loved the men I liked."

He was known primarily as Julius Arnold, but among his aliases were "Jules Arndtsteyn", "Nick Arnold," "Nicholas Arnold", "Wallace Ames", "John Adams", and "J. Willard Adair". Arnstein went into hiding for several months before facing the indictment and for several years fought the charges on legal technicalities with Brice footing the bills. When Arnstein left Sing Sing prison in the fall of 1918 his divorce had become final and he and Brice were married.In 1920 Arnstein and several others were involved in a stolen bonds scheme where messengers from several Wall street brokers were intercepted and securities stolen. As a young man he used the transatlantic ocean liners as his base for card games and fleeced many of the wealthier passengers in games of bridge and poker. He was best known as the second husband of Fanny Brice. After one passage to America he became acquainted with Arnold Rothstein, one of the United States’ most dangerous and influential racketeers and stock manipulators.By the time Arnstein met Rothstein the former was the epitome of the suave, international conman and gambler. Among his aliases were Nick Arnold, Nicholas Arnold, Julius Arnold, Wallace Ames, John Adams, and J. Willard Adair. Brice’s frequent visits led Arnstein’s first wife to sue her for alienation of her husband’s affection, Brice had only recently learned that Arnstein was not yet divorced. Following his release Brice divorced him in 1927. He was best known as the second husband of entertainer Fanny Brice. He also began to develop the reputation of a ladies man who wouldn’t hesitate to take money from elderly widows as well as young debutantes. late-1910's, early-1920's. Fanny Brice, who was raising the two children she had had with Nicky Arnstein, did not marry again. Julius Wilford "Nicky" Arnstein (born Arndstein; July 1, 1879 – October 2, 1965) was an American professional gambler and con artist. He had been arrested several times on both sides of the Atlantic for fraud, usually involving conning money out of women or writing bad checks.

Brice visited him frequently and defended him in public, and may have used her considerable influence in New York to make his two year stay more comfortable.

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