Ben-Ari, who fled Israel 14 months in the past, allegedly defrauded hundreds of traders out of $60 million.


Fourteen months soon after fleeing the country, Mike Ben-Ari was arrested previous 7 days in Bosnia and Herzegovina at the request of Israel. Ben-Ari is suspected of defrauding hundreds of traders out of sums totaling hundreds of hundreds of thousands of shekels. The announcement of the arrest has occur from the Worldwide Division of Israel’s Condition Attorney’s Office, which has officially requested Ben-Ari’s extradition.

Around the years, Ben-Ari allegedly proposed that buyers place cash into international money by way of a company that he owned, whilst demonstrating allegedly fraudulent shows, about ‘safe’ investments, which promised high returns. In observe, it is alleged that he spirited absent an approximated $60 million in excess of much more than a 10 years.

Ben-Ari was produced on bail on April 6, 2021 and fled Israel. He was allegedly assisted in escaping the nation by a friend Nahum Eisenstadt who presented him with a cast passport.

Eisenstadt himself has been convicted as aspect of a plea deal offer, which was opposed by Ben-Ari’s traders.

Ben-Ari’s situation is remaining investigated by the Israel Securities Authority and taken care of by the Point out Attorney’s Place of work Section of Taxation and Economics in cooperation with Israel Law enforcement and Interpol.

Mike Ben-Ari has not been convicted and he has the suitable of the presumption of innocence.

Released by Globes, Israel enterprise news – en.globes.co.il – on July 5, 2022.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2022.



