Suspected Israeli fraudster Mike Ben-Ari arrested in Bosnia

Fourteen months after fleeing the country, Mike Ben-Ari was arrested previous week in Bosnia and Herzegovina at the request of Israel. Ben-Ari is suspected of defrauding hundreds of investors out of sums totaling hundreds of thousands and thousands of shekels. The announcement of the arrest has come from the Worldwide Office of Israel’s State Attorney’s Business office, which has officially requested Ben-Ari’s extradition.

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Over the many years, Ben-Ari allegedly proposed that investors place funds into overseas money by a corporation that he owned, whilst exhibiting allegedly fraudulent displays, about ‘safe’ investments, which promised significant returns. In apply, it is alleged that he spirited absent an estimated $60 million in excess of additional than a decade.

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Ben-Ari was released on bail on April 6, 2021 and fled Israel. He was allegedly assisted in escaping the country by a close friend Nahum Eisenstadt who presented him with a cast passport.

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Eisenstadt himself has been convicted as component of a plea cut price offer, which was opposed by Ben-Ari’s buyers.

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Ben-Ari’s situation is currently being investigated by the Israel Securities Authority and handled by the Condition Attorney’s Place of work Section of Taxation and Economics in cooperation with Israel Police and Interpol.

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

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Revealed by Globes, Israel business news – en.globes.co.il – on July 5, 2022.

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

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