Former Israeli company executive pleads guilty to US fraud
Yuval Marshak accused of carrying out three schemes between 2009 and 2013 to defraud Foreign Military Financing program
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NEW HAVEN, Connecticut — A former executive of an Israel-based defense contractor has pleaded guilty in Connecticut to crimes related to fraud schemes targeting a United States foreign aid program.
Yuval Marshak pleaded guilty on Monday to several counts of fraud in federal court. He had been extradited from Bulgaria following his indictment early last year.
The US Department of Justice says Marshak carried out three schemes between 2009 and 2013 to defraud the Foreign Military Financing program. The program provides foreign governments with money to buy American-made military goods and services.
Marshak was accused of arranging for undisclosed commission payments to be made to a Connecticut-based company owned by a relative to disguise their true nature.
US officials say the case was prosecuted with help from Israel’s Ministry of Defense.
“Today’s guilty plea marks the successful culmination of a complex investigation that required us to work closely with the Israeli government, the DoD and the Office of International Affairs to gather foreign-located evidence and to secure Marshak’s extradition,” said Acting Assistant Attorney General Brent Snyder of the Department of Justice’s Antitrust Division. “This result reflects the division’s deep commitment to identifying and prosecuting schemes to defraud American taxpayers.”
The Times of Israel Community.