Suspected Israeli fraudster Mike Ben-Ari arrested in Bosnia
Ben-Ari, who fled Israel 14 months in the past, allegedly defrauded hundreds of buyers out of $60 million.


Fourteen months soon after fleeing the place, Mike Ben-Ari was arrested last week in Bosnia and Herzegovina at the ask for of Israel. Ben-Ari is suspected of defrauding hundreds of buyers out of sums totaling hundreds of tens of millions of shekels. The announcement of the arrest has come from the Worldwide Section of Israel’s Condition Attorney’s Office environment, which has formally requested Ben-Ari’s extradition.

Over the a long time, Ben-Ari allegedly proposed that buyers place income into overseas resources by means of a organization that he owned, while showing allegedly fraudulent shows, about ‘safe’ investments, which promised superior returns. In apply, it is alleged that he spirited absent an estimated $60 million above much more than a 10 years.

Ben-Ari was launched on bail on April 6, 2021 and fled Israel. He was allegedly assisted in escaping the place by a buddy Nahum Eisenstadt who presented him with a forged passport.

Eisenstadt himself has been convicted as part of a plea discount deal, which was opposed by Ben-Ari’s investors.

Ben-Ari’s circumstance is staying investigated by the Israel Securities Authority and taken care of by the Point out Attorney’s Office Division of Taxation and Economics in cooperation with Israel Police and Interpol.

Mike Ben-Ari has not been convicted and he has the suitable of the presumption of innocence.

Published by Globes, Israel enterprise news – en.globes.co.il – on July 5, 2022.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2022.



