The group suspected of serving as a money launderer: this is how the method worked
Transferring cryptocurrencies to tax havens, straw companies, agent fees and player salaries - and that's just the tip of the iceberg.
The investigation centered on a large club in Israeli football is branching out.
The new details
Ophir Saar
29/05/2022
Sunday, 29 May 2022, 14:57
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We ticked off: Today's summary clip, 29.5 (Sports 1)
Following the investigation report of the international business intelligence company biwc group against a professional football team in Israel on suspicion of international fraud, and ahead of the filing of a lawsuit by a number of investors, some of the Israeli network's methods and methods of fraud are now being exposed.
According to the letter of claim, a number of companies scattered around the world, including in Kiev, Cyprus, Hong Kong and South Africa, operated various fictitious brands for crypto trading, stocks and real estate investments
. Bank in tax havens such as Cyprus and Malta.The companies held about 400 employees spread around the world who used fake identities, fictitious email addresses and one-time phone numbers.Until 2019 one of the company centers was in Herzliya Pituach.
More on Walla!
Is an Israeli football team involved in international scams?
To the full article
A lot of work is expected there - and not just there.
Blade 433 (Photo: Shlomi Gabay)
More on Walla!
Is an Israeli football team involved in international scams?
Regarding money laundering, the claim is that funds received by investors were laundered through their flow to the football team as owner loans and as external sponsors, through fee payments to foreign agents and receipt of funds from bank accounts outside Israel.
It was also alleged that the funds originating from worldwide scams were used for salary payments to players, the operation of the club and were recorded in the team’s financial statements as various income.
It should be noted that the lawsuit is expected to be filed in court for more than $ 5 million, but far beyond that - the parties involved are not new to the police, who have been following some of them in recent years.
Also, Interpol is following up on one of the factors involved at least, with the assessment being that the lawsuit in court is just the beginning of the story.
As you may recall, as part of a lawsuit currently being filed in court and findings that came to Walla!
Sport, during a branching and complex investigation of several months in which the Israeli business intelligence company biwc group is involved, it was alleged that the network was exposed.
According to the findings, some of which came to Walla!
Sports, the letter of claim states that there is a real factual basis for the fact that a professional team in Israeli football was one of the network's bases in favor of money laundering that originated in world-wide scams.
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Israeli soccer
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money laundering
