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ISRAEL AT WAR - DAY 531

Ponzi schemes

Michael Ben-Ari (Greenfield) convicted of running a $150 million Ponzi scheme that defrauded several hundred US and Israeli investors (Courtesy EGFE)
March 15, 2023, 8:27 pm
‘Israeli Madoff’ convicted over $150 million Ponzi scheme
Under plea deal, Michael Ben-Ari to serve at least 5 years in prison for what is believed to be worst scam in Israel’s history; is due to cooperate ahead of sentencing
By ToI Staff
Illustrative: Police at Los Angeles International Airport, January 21, 2014. (AP Photo/Reed Saxon)
March 11, 2023, 4:46 pm
US authorities arrest Israeli accused of defrauding $47 million from Orthodox Jews
Yossi Engel, who fled to Israel in 2021 when his alleged Ponzi scheme fell apart, is nabbed at Los Angeles airport
By ToI Staff
Illustrative: A Los Angeles County sheriff's vehicle in Whittier, California, November 16, 2022. (AP Photo/Jae C. Hong)
January 18, 2023, 1:15 am
Israeli charged with defrauding $47 million from Orthodox Jews in US
Yossi Engel allegedly bilked 29 investors by lying about security camera company, real estate deals, then fled to Israel after Ponzi scheme collapsed
By Tobias Siegal
Michael Ben-Ari (Greenfield) convicted of running a $150 million Ponzi scheme that defrauded several hundred US and Israeli investors (Courtesy EGFE)
December 25, 2022, 6:30 am
‘Israeli Madoff’ Michael Ben-Ari extradited from Bosnia over $150m Ponzi scheme
Ben-Ari to stand trial for allegedly defrauding investors for 15 years in largest-ever scam in Israel; he previously fled on a false passport after posting NIS 2 million bail
By ToI Staff
Steven Hoffenberg, left, is escorted by FBI agents in a Little Rock, Ark. parking garage after turning himself in, Feb. 15, 1996. (AP Photo/Danny Johnston, File)
August 26, 2022, 8:33 pm
Man found dead in Connecticut confirmed to be Ponzi schemer and Epstein mentor
Medical examiners identify Steven Hoffenberg, whose decomposing body was found in an apartment after a week; officials waiting on toxicology results for cause of death
By Dave Collins
Steven Hoffenberg, left, is escorted by FBI agents in a Little Rock, Ark. parking garage after turning himself in, Feb. 15, 1996. (AP Photo/Danny Johnston, File)
August 26, 2022, 9:42 am
Police suspect man found dead was Ponzi schemer and Epstein mentor Hoffenberg
Unidentified decomposing body found in Connecticut apartment earlier this week had been dead for at least seven days, police say
By Dave Collins
Eddie Antar, right, once known as 'Crazy Eddie,' New York's electronics king, is led by an Israeli police detective in Petah Tikva, Israel, June 25, 1992. (Sven Nackstrand/AFP via Getty Images/ via JTA)
August 24, 2022, 2:54 am
New book explores the insane career of Syrian Jewish hustler ‘Crazy Eddie’ Antar
In ‘Retail Gangster,’ journalist Gary Weiss opens up one of the 20th century’s most colorful fraud stories, showing that no matter how crazy the purveyor, you get what you pay for
By Stephen Silver
Bernard Madoff exits Manhattan federal court in New York, March 10, 2009. (AP Photo/ Louis Lanzano, File)
February 21, 2022, 5:58 am
Ponzi schemer Bernie Madoff’s sister, brother-in-law found dead
Florida sheriff’s office says Sondra Wiener and her husband Marvin discovered at home with gunshot wounds, in apparent murder-suicide
By AP
Hollywood actor Zachary Joseph Horwitz, (Screen capture: YouTube)
October 5, 2021, 5:05 am
Actor Zachary Horwitz pleads guilty in $650 million Ponzi scheme
Actor, who performed under name Zach Avery, could face 20 years in prison for defrauding more than 200 investors, who lost about $230 million
By AP
Michael Ben-Ari (Greenfield) convicted of running a $150 million Ponzi scheme that defrauded several hundred US and Israeli investors (Courtesy EGFE)
August 6, 2021, 5:31 am
NY court orders assets seized from ‘Israeli Madoff’ on run in $150m Ponzi scheme
Michael Ben-Ari, arrested in April, fled on a false passport after posting NIS 2 million bail; investigators say he fleeced investors for 15 years in largest-ever scam in Israel
By ToI Staff
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
Bernard Madoff exits Manhattan federal court in New York, March 10, 2009. (AP Photo/ Louis Lanzano, File)
April 15, 2021, 2:33 am
‘His crimes were extraordinarily evil’: The life and death of Bernie Madoff
The man who operated the largest Ponzi scheme in history is dead at 82; ‘no one is going to mourn him,’ says an attorney for some of his victims
By MICHAEL BALSAMO and Tom Hays
In this March 10, 2009, file photo, former financier Bernie Madoff leaves federal court in Manhattan, in New York. (AP Photo/David Karp, File)
April 14, 2021, 5:47 pm
Bernie Madoff, who orchestrated $16 billion Ponzi scheme, dies in prison at 82
Disgraced financier admitted to swindling thousands of clients over decades, wiping out their fortunes and ruining charities and foundations, many of them in the Jewish world
By MICHAEL BALSAMO and Tom Hays
Hollywood actor Zachary Joseph Horwitz, (Screen capture: YouTube)
April 8, 2021, 3:57 pm
Actor Zach Avery arrested for alleged multi-million-dollar Ponzi scheme
34-year-old accused of masterminding hustle that defrauded investors of hundreds of millions of dollars, could face up to 20 years in prison
By AFP
Bernie Madoff exits federal court in Manhattan on March 10, 2009. (AP Photo/David Karp, File)
June 4, 2020, 11:12 pm
Bernie Madoff’s bid for early prison release rejected
Judge who sentenced the Ponzi king to 150 years behind bars says ‘he has never fully accepted responsibility for his actions’; lawyer hoping Trump will commute his sentence
By Larry Neumeister
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