Suspicion: Raise investments in "Mishnah Olam" technology - and take it upon themselves

As part of the alleged fraud, five Israelis allegedly promised that their product was in advanced stages of development, and transferred the money that came through straw companies to other accounts, for their own use.

Among the suspects is the son of a former Israeli chief of staff

Shlomi Heller

20/06/2022

Monday, 20 June 2022, 09:01 Updated: 09:10

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An international conspiracy.

Police car (Photo: Shlomi Gabay)

Five people were arrested this morning (Monday) on suspicion of defrauding dozens of investors in a total amount of about NIS 120 million.

According to the suspicion, those involved in the affair offered businessmen to invest in "Mishna Olam" technology, and promised that it was in advanced stages of development and that it would yield large profits.

It was then alleged that the money was transferred through straw companies to various bank accounts, bleached - and taken for private use by the suspects.

Among the suspects is the son of a former Israeli chief of staff.

At the end of the investigation, which lasted more than a year, police officers raided the suspects' homes and arrested them. M, Offenses against the Insolvency Law and disruption of investigative proceedings.

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