Boom, crash: The bizarre story of Athlone Global Security

02.06.2012                      12.Siwan. 5772                      Nasso

Bankrott:

Boom, crash: The bizarre story of Athlone Global Security

By 2008, the Israeli company had wiped out half the $20 million it had initially raised.

This might be one of the most bizarre stories floated by the Tel Aviv Stock Exchange in recent years. It begins with a certain major general in the reserves who sold security dreams and raised tens of millions of dollars from American savers; it continues with an American entrepreneur, a former Israeli, who sold real estate dreams and raised hundreds of millions of shekels from Israeli savers; and ends with both sets of dreams crashing and the loss of a tremendous amount of the public's money….