Bank Leumi UK boss held over £5m ‘fraud’

By Candice Krieger, June 20, 2008

The UK head of Israel’s biggest bank has been arrested on suspicion of taking part in a plot to embezzle nearly £5 million.

Menahem Friedman, who worked for Bank Leumi in Tel Aviv before being made chief executive of its UK branch last year, is being held in Israel with 13 other businessmen.

Fraud-squad detectives told the Tel Aviv Peace Court that furniture-company owner Meir Ovadya and his son Rafi had acted as intermediaries for the group who, in 2006 and 2007, allegedly received fictitious loans from the bank without offering collateral.


Fraudster gets four years’ jail

By Lynda Roughley, June 13, 2008

A Manchester businessman involved in a huge international “advance fee” fraud has been jailed.

Michael Rashman was sentenced to four years and nine months’ imprisonment by a judge who told him: “You have tarnished the good name of British overseas trading.”

Judge Gerald Clifton told Rashman, 54, that he accepted he had not played the leading role. He put his role “behind that of Carl Montlake but ahead of David Sasson”, the other two Jewish defendants.

He said that it was not pleasant to send a person like him to prison but he had a duty to the public.


Rabbi granted bail

By Dana Gloger, May 30, 2008

A Charedi rabbi was granted bail on appeal at London’s High Court last week, after he was originally denied it by magistrates.

The American government is seeking to extradite Avrum Friesel, 55, on 19 fraud charges, allegedly committed in late 1980s and early 1990s. The charges relate to his time as town clerk of New Square Town in New York, a Chasidic community of the Skverer sect.

He moved to Stamford Hill, London, in 1999, and was arrested in April this year.


Manchester man guilty of £500k fraud

By Lynda Roughley, May 23, 2008

A Manchester businessman has been convicted of involvement in a huge international “advance fee” fraud.

Michael Rashman was found guilty of a fraud plot after a four-week trial at Liverpool Crown Court.

During the trial, prosecuting QC Jonathan Turner told the court that Rashman was “a clever man — and this was a clever fraud.


Fraud man sentenced

May 23, 2008

Raymond Nevitt, the driving force behind a £3.25 million fraud on trade creditors, was given a 45-month prison sentence on Tuesday at Manchester Crown Court. Two other former directors of the Ravelle Group, involved in the fraud, were given suspended sentences.


Man held over Tube 'frauds'

By Leon Symons, April 18, 2008

Police investigating a series of frauds on the London Underground said this week that they had arrested a man.

A 58-year-old from Hackney has been charged with three sample counts of fraud by false representation at Finsbury Park Tube station in November 2007 and at King’s Cross Tube station in March and April 2008.

Israel Aharonovitz, of Seven Sisters Road, Hackney, is due to appear at City of Westminster Magistrates’ Court in Horseferry Road today.


Businessman’s not guilty plea

April 11, 2008

A businessman who has pleaded not guilty to five counts of false accounting will face trial in January next year. Alan David Meltzer, 60, from Stanmore, Middlesex, appeared at Harrow Crown Court last Wednesday.


Legal executive jailed for fraud

April 11, 2008

A legal executive has been sentenced to two years in prison after pleading to nine charges of fraud. Nigel Gladstein, of Clayhall, Essex, was sentenced last Friday at Harrow Crown Court.