8 Israelis suspected of stealing millions from European companies

Police announce the arrest of eight Israelis suspected of defrauding European companies of millions of euros through an elaborate identity theft scheme.

The eight-member gang — all residents of Netanya — was arrested over the last week, Israel Police says in a statement.

They are suspected of contacting European commercial companies under false identities and convincing them to wire large sums of money into an account, the statement says.

Seven of the suspects are remanded in custody at the Rishon Lezion Magistrate’s Court, and one is released to house arrest.

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