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


Fourteen months right after fleeing the place, 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 investors out of sums totaling hundreds of millions of shekels. The announcement of the arrest has appear from the Global Office of Israel’s Condition Attorney’s Business, which has formally asked for Ben-Ari’s extradition.

Around the several years, Ben-Ari allegedly proposed that traders put dollars into overseas resources as a result of a corporation that he owned, while showing allegedly fraudulent shows, about ‘safe’ investments, which promised high returns. In observe, it is alleged that he spirited away an approximated $60 million around far more than a decade.

Ben-Ari was launched on bail on April 6, 2021 and fled Israel. He was allegedly assisted in escaping the country by a mate Nahum Eisenstadt who offered him with a forged passport.

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

Ben-Ari’s case is being investigated by the Israel Securities Authority and handled by the Point out Attorney’s Business office Department of Taxation and Economics in cooperation with Israel Police and Interpol.

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

Printed by Globes, Israel small business information – en.globes.co.il – on July 5, 2022.

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



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