Tel Aviv court extends remand of ‚the Israeli Madoff‘

10.06.2012                      20.Siwan. 5772

Vor Gericht:

Tel Aviv court extends remand of 'the Israeli Madoff'

Investment manager Eran Mizrahi accused of defrauding clients out of tens of millions of dollars by promising them high yields on investments in foreign currency markets.

The detention of an investment manager, suspected of defrauding clients out of tens of millions of dollars, was extended by a Tel Aviv Magistrate's Court judge on Thursday by another two weeks. Eran Mizrahi, 39, is suspected of money laundering, aggravated fraud and aggravated forgery….