UK seeking millions from Israeli fraudster

A jailed Israeli lawyer has failed in his attempt to prevent the Serious Organised Crime Agency (SOCA) from trying to seize millions of pounds in assets he held in several London bank accounts.

Mr Justice Foskett, sitting in the High Court in London, ruled last week that even though the money belonged to someone outside Britain, SOCA had the authority to ask the lawyer, Israel Perry, how he and his family had amassed more than £14 million.

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Shalit negotiator duped by $370m business hoax

The partial sale of an Israeli medical device firm to a British-Taiwanese company for $370 million has turned out to be an elaborate hoax, taking in serious businesspeople, senior doctors, former intelligence officers, political insiders and most of the Israeli media.

SafeSky seemed to have it all: a managing director who is the Prime Minister’s best friend, an invention that could change the medical world forever, a former Mossad deputy chief on the board and the potential to make all those involved into multi-millionaires.

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London student link to FBI fraud inquiry

An American family has warned that British Jews could unknowingly be the victims of an international fraud operation.

Deborah Stutman-Brickey and her husband David, of Columbus, Ohio, were forced to change their bank account after being targeted while attempting to let a student flat near Ohio State University.

Mrs Stutman-Brickey, a chemical engineer, said: “A very elaborate scheme of fraudulent cheques and getting bank routing numbers was launched, causing us many headaches.”

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Jailed fraudster told to hand over £40,000

A Salford businessman involved in a huge international “advance fee” fraud has been ordered to hand over more than £40,000 cash.

A Liverpool Crown Court judge ruled that Michael Rashman had benefited by £1,542,312 but found that his realisable assets were only £42,5000.

Rashman, 55, who is currently serving a sentence of four years and nine months, was ordered by Judge Gerald Clifton to hand over the cash by September next year or he will have to serve an extra three and a half years in prison.

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Rabbi is jailed for £5m fraud

A Brooklyn rabbi has been jailed for two years after pleading guilty to a tax fraud and money laundering scheme.

Rabbi Moshe Zigelman was key to a conspiracy which used five charities of the ultra-Orthodox Spinka group as fronts. Contributors received receipts for large sums which they wrote off on their tax returns. Then they were secretly repaid most of the cash.

In 2006 alone, Zigelman helped solicit more than $8.5 million (£5.3m), of which just $750,000 (£500,000) was kept by charities.

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'Mini-Madoffs' facing fraud charges in LA

Two Jewish business executives in Los Angeles are facing federal fraud charges, further unsettling a Jewish community affected by the fallout from Bernard Madoff’s $50 billion Ponzi scheme.

Both were prominent donors to Jewish and other charities.

Bruce Karatz, until recently one of the highest paid executives in the country, was indicted by a federal grand jury on 20 counts of mail, wire and securities fraud, and making false statements.

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