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Julius W. "Nicky" Arnstein (July 1879 – October 2, 1965) was an American professional gambler and con artist. Among his aliases were "Nick Arnold", "Nicholas Arnold", "Julius Arnold", "Wallace Ames", "John Adams", and "J. Willard Adair". He was best known as the second husband of Fanny Brice.
Arnstein's father, Berlin-born Moses Arndstein, fought in the Franco-Prussian War. Moses Arndstein was Jewish, and he and his wife Thekla Van Shaw, of Dutch extraction, raised their children in the Episcopal Church. First settling in New Jersey, the couple had two other children besides middle-child Nicky; son Louis (born 1877), and daughter Gesina (born 1883).
"Nicky" was short for nickel plate, a sobriquet bestowed in the 1890s when, as a boy, Arnstein rode a gleaming nickel-plated bicycle in the then-popular bike racing craze. However, he spent more time throwing races than winning them. He graduated to gambling on transatlantic liners and in European casinos, and eventually fell in with Arnold Rothstein, a loan shark, bookmaker, fence, Wall Street swindler, real estate speculator, and labor racketeer, who was best known for fixing the 1919 World Series.
In 1915, Arnstein was convicted of swindling, and the following year he entered Sing Sing to serve out his term. Fanny Brice visited him every week while he was there, and in 1918 Arnstein's wife Carrie sued her for alienation of his affection. She subsequently divorced him, leaving him free to marry Brice in October of that year.
On May 16, 1924, having been convicted of conspiracy to carry stolen securities into the District of Columbia, Arnstein entered Leavenworth prison, where he remained for three years. Brice divorced him on September 17, 1927, soon after his release.
Arnstein remained out of trouble for the rest of his life. He lived long enough to see himself immortalized in the Broadway musical Funny Girl, in which he was portrayed in a somewhat whitewashed version by Sydney Chaplin. In the musical, Arnstein is found guilty of embezzlement, has never been married to anyone but Fanny, and serves only one prison sentence – after being married for several years. Omar Sharif assumed the role in the 1968 film and its 1975 sequel, Funny Lady.