BREAKING NEWS

Eli Hefetz sentenced to 15 years in prison for fraud

By JPOST.COM STAFF

NOVEMBER 25, 2010 16:49

The Tel Aviv District Court sentenced Eli Hefetz, convicted of 32 counts of aggravated fraud, theft, and forgery, to 15 years in prison on Thursday. The indictment filed against him reveals that Hefetz stole NIS 29 million from his friends and family while posing as the financial director of an international bank.

In one incident, Hefetz stole nearly NIS three million from his relative, a mother with a paralyzed child, who asked Hefetz to invest her money to ensure her child's future.

The impostor also falsely presented himself has having a degree in economics and as an economics doctoral student, when in fact, "the defendant lacked a college education, was not employed, and did not serve in the army," reported Army Radio.

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