The article's title should drop the "Is" and just let it run like this: Israel turning a blind eye as Israeli scammers swindle victims in France, US, elsewhere.
Is Israel turning a blind eye as Israeli scammers swindle victims in France, US, elsewhere?Shh! Don't tell anyone, or you'll be accused of being a Neo-Nazi anti-Semite.
Investigations reveal a pattern of Israeli officials stone-walling efforts to stop the perpetrators of massive financial swindles in various countries, from Europe to the US to the Philippines… While some Israeli reporters work to expose the scams, a new one is already underway
By Alison Weir
French and Israeli media report that a group largely made up of Israelis scammed 3,000 French citizens out of approximately $20 million. Most of the stolen money is in Israel, but Israeli authorities are reportedly failing to cooperate with France in prosecuting the scammers and retrieving the money.
This is the latest of numerous examples of Israeli officials stone-walling international efforts against the perpetrators of massive financial swindles around the world, according to Israeli investigative journalists and others. These scams have brought estimated billions into the Israeli economy, propping up a regime widely condemned for human rights abuses and ethnic cleansing against indigenous Palestinians. Together, the stories paint a picture of a government that seems to be turning a blind eye to – and even protecting – scammers.
A Finance Magnates analysis reports that one of the swindles alone has brought in over a billion dollars and employs 5,000 people. And a new scam, described below, may help what is predicted to be “the next major driver of the Israeli economy.”
Victimizing French business owners & churches
The victims of the recent scam against French citizens included churches and the owners of small businesses – delicatessens, car repair shops, hair salons, plumbers, etc. Some lost their life savings and describe being threatened and intimidated by the scammers.
The masterminds of the scam reportedly were Antoine Ilan Frau (aka Ilan Frau) and Michael Nedjar, both of whom resided in Israel at the time. French police arrested the two at the Paris airport in 2016 as they were about to return to Israel. While they and 25 others were subsequently found guilty in a French court, other alleged co-conspirators have not yet been arrested and are believed to be in Israel.
The Times of Israel (TOI) reports that most of the money was channeled to Israel and has not yet been recovered. The newspaper reports that Israeli law enforcement authorities “have been unhelpful in enabling further investigation of the scam and in recovering the stolen funds.”
Binary Options brings in $10 billion/year to Israel
Another international scam is Israel’s notorious binary options industry, which has brought in $10 billion a year. While the Israeli legislature made it illegal to sell the fraudulent options to Israelis, the Israeli legislature only belatedly (and partially) began to crack down on sales abroad. Millions of people around the world have been victimized by the scam, some committing suicide as a result.