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financial fraud

Illustrative: A prisoner holding the bars of a jail cell. (Channel 2 news screenshot)
September 18, 2025, 1:40 pm
Two Israelis sentenced to years in US prisons for separate fraud scams
Daniel Dadoun gets 40 months for $3.2 million swindle of federal COVID aid program; accountant Hava Yfrah-Austin gets 51 months for defrauding 2 businesses out of at least $10 million
By Stuart Winer
Social Equality Minister May Golan seen outside a court hearing at the Rishon Lezion Magistrate's Court on September 15, 2025. (Avshalom Sassoni/Flash90)
September 15, 2025, 9:58 pm
Minister dodges interrogation, attends ex-adviser’s hearing to demand his release
May Golan refuses to show up for questioning unless police free her associate Ehud Gabbai, arrested on fraud suspicions; judge discharges him to house arrest
By Charlie Summers
Illustrative image: Money laundering (iStock)
August 19, 2025, 11:25 pm
Israeli-founded AI startup raises $60m to help governments fight financial fraud
IVIX’s software leverages artificial intelligence to help regulators spot money-related crimes, such as money laundering, sanctions evasion and tax non-compliance
By Sharon Wrobel
Then-Finance Minister Moshe Kahlon speaks at a press conference at the PM's office in Jerusalem. November 11, 2020. (Olivier Fitoussi/FLASH90)
September 17, 2024, 7:06 pm
Ex-finance minister Kahlon expected to be charged with securities fraud
Kahlon, who served as chairman of the board of credit company Unet Credit, allegedly instructed a compliance officer not to inform others after serious embezzlement uncovered
By Jeremy Sharon
Joonko founder & CEO Ilit Raz. (Courtesy)
June 26, 2023, 12:41 pm
CEO of Israeli-founded AI recruitment startup hit with fraud allegations
Joonko CEO Ilit Raz steps down after probe alleges she was engaged in ‘egregious, unethical and fraudulent conduct;’ employees are being summoned to hearings before dismissal
By Sharon Wrobel
Aryeh Deri speaks during a Shas party faction meeting at the Knesset in Jerusalem, on January 23, 2023. (Yonatan Sindel/Flash90)
March 21, 2023, 8:26 am
Bill aimed at returning Deri to cabinet passes first Knesset plenum reading
Proposal clears with 63 votes in favor to 55 against; Lapid: ‘A happy day for criminals’; Likud MK claims law ‘will strengthen the standing of the judicial branch’
By ToI Staff and Jeremy Sharon
Illustrative: Financial crime is becoming ever more sophisticated. (Welcomia/iStock by Getty Images)
September 14, 2022, 9:32 am
Financial offenses tied to terror funds, organized crime in Israel soared in 2021
Report by government agency highlights efforts to combat ‘increasingly sophisticated’ methods of financial crime
By Jeremy Sharon
Illustrative photo of the new 100 Israeli Shekel bill. December 31, 2017. (Nati Shohat/Flash90)
July 13, 2022, 11:42 am
Credit company raided, finance bosses arrested over millions in vanished funds
Suspects allegedly misled company and public about their activities; former finance minister and board member Moshe Kahlon may be investigated in case
By ToI Staff
A general view of the Marina district towers is seen from the observation deck of 'The View at The Palm Jumeirah' in Dubai, United Arab Emirates, on April 6, 2021. (AP Photo/Kamran Jebreili)
March 5, 2022, 7:17 pm
Global body against money-laundering adds UAE to ‘gray list’
Financial Action Task Force lists Gulf state alongside 23 other countries; praises country’s ‘significant progress’ but says more needs to be done
By Jon Gambrell
Then US president-elect Donald Trump, center, stands next to Allen Weisselberg, second from left, Donald Trump Jr., right and Ivanka Trump, left, at a news conference in the lobby of Trump Tower in New York, on January 11, 2017. (AP Photo/Evan Vucci/File)
January 19, 2022, 9:47 am
New York AG says Trump’s company misled banks, tax officials to get loans, benefits
Investigators say they need to question former US president and his two eldest children, Ivanka and Donald Jr.; state authorities haven’t yet decided if bringing civil lawsuit
By Michael R. Sisak
Illustrative: Bernard Madoff, right, leaves US District Court in Manhattan, New York, after a bail hearing, January 5, 2009. (AP Photo/Kathy Willens, File)
June 4, 2021, 3:28 am
Before dying, Bernie Madoff lifted veil on the biggest Ponzi scheme in history
Business radio personality Jim Campbell releases ‘Madoff Talks,’ which covers 9 years of revealing interviews with the financial mastermind – up to his death in April behind bars
By Rich Tenorio
Police enter a building on May 11, 2021, in connection with an 'action day' against alleged investment fradusters. (Rheinland Pflaz Police)
June 3, 2021, 11:14 pm
Israeli and European police arrest suspects in Israel-run investment fraud
On May 11, police in several countries carried out arrests and searches in connection with the allegedly fraudulent websites: Tradorax, Tradervc, Kayafx, Kontofx and Libramarkets
By Simona Weinglass
Patrick Aloni, suspected of scamming 24 million dollars, appears here in an interview with i24News on May 14 2014. (Screen capture: i24News/Youtube)
March 16, 2021, 8:32 pm
Israeli businessman suspected of scamming US company out of $24 million
Patrick Aloni arrested at Ben Gurion Airport, accused of con involving discounted rubber gloves
By ToI Staff
Rabbi Yisroel Goldstein speaks at a news conference at the Chabad of Poway synagogue, Sunday, April 28, 2019, in Poway, Calif. A man opened fire Saturday inside the synagogue near San Diego as worshippers celebrated the last day of a major Jewish holiday. (AP Photo/Denis Poroy)
July 15, 2020, 5:27 am
Rabbi hurt in Poway synagogue shooting attack admits multimillion-dollar fraud
Rabbi Yisroel Goldstein likely to get probation in plea deal for participating in scam that disguised charitable contributions for personal gain
By Elliot Spagat
[Illustrative] German police patrol to make sure that the distance regulations are observed during the coronavirus outbreak in Berlin, Germany, Monday, March 23, 2020. (Michael Kappeler/dpa via AP)
April 8, 2020, 9:22 am
European cops nab 9 suspects in $100m fraud with ties to Israel’s binary options
Amid coronavirus restrictions, German, Austrian, Serbian and Bulgarian police launch surprise raids on call center operatives, expose ‘pure deception’
By Simona Weinglass
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