Police raid call center for suspected online investment fraud, detain 15

Simona Weinglass is an investigative reporter at The Times of Israel.

This morning police raided a call center in Petah Tikva and detained 15 individuals suspected of online investment fraud against citizens of Germany.

The raids were carried out at the request of German police, police say in a statement.

After questioning all 15 suspects, police released all but four, who will be brought to Jerusalem Magistrate’s Court today for a remand hearing.

The suspects are part of a group of Israelis who allegedly established call centers in Israel and other countries, police say. They allegedly persuaded investors to invest money in forex and other financial instruments until investors discovered that the investments had been fictitious and that their money was gone.

During this morning’s raid at the Petah Tikva call center, police seized computers, cellphones, documents and cash. Police also froze about NIS 1.2 million in cash in various bank accounts.

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