The lawsuit charges that Advs. Guy Yuval and Uri Arad and a broker Miki Hefetz allegedly took advantage of Jack Henry Wygodski, who is himself suspected of swindling investors.
The SEC claims that Adv. Moshe Strugano bought and sold Ormat shares for a profit of $1.2 million following a tip from Ormat head of M&A Adv. Rinat Gazit.
US is seeking extradition of lawyer who has specialized in the creation of offshore companies; he could face up to 25 years in prison; he denies the allegations
The U.S. Department of Justice unsealed an indictment Wednesday charging an Israeli citizen and corporate lawyer with securities fraud, claiming he reaped $1.2 million in illicit trading gains through inside information he learned about the 2018 acquisition of energy company U.S. Geothermal Inc.
Damian Williams, the United States Attorney for the Southern District of New York, and Michael J. Driscoll, Assistant Director-in-Charge of the New York