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.
A rash of raids in 6 countries points to a new strategy: Going after the trading programs that allegedly allow scamsters to keep pushing crypto and other investment cons
Simona Weinglass is an investigative reporter at The Times of Israel.
Police enter a building on May 11, 2021, in connection with an action day against alleged investment fradusters. (Rheinland Pflaz Police)
In a rare move, Israeli police last month arrested a suspect in an alleged €30 million ($36 million) investment scam, according to Europol.
In a cross-border “action day” that took place on May 11, five people were arrested in Bulgaria and one in Israel, in connection with what Europol described as “a fraud scheme organized mainly by Israeli nationals.”
Five other suspects were arrested in Spain at an earlier date.
The action was led by German police with the cooperation of law enforcement from Bulgaria, Israel, Latvia, North Macedonia, Poland, Spain and Sweden.