In 1922 Lenin wrote him a scathing letter accusing him of being a "communist-mandarin" stating that Gosbank was "a bureaucratic paper game" suggesting that Sheinman had become blinded to the truth by being too engrossed in "the sweet communist-official lies".[2]
In 1937-1939 he was the chairman of the director of the London department of "Intourist". In October 1939 he was recalled from London, but refused to return to the USSR. In 1939 he received British citizenship. He died in London on May 22, 1944.[3]