2 Israeli men indicted for stock fraud approved for extradition to US

A grand jury in Manhattan indicted the suspects in June on charges of conspiracy to commit securities fraud and conspiracy to commit wire fraud.

By JPOST.COM STAFF
May 8, 2016 17:26
1 minute read.
US dollars and euros banknotes are seen in this illustration photo

US dollars and euros banknotes are seen in this illustration photo. (photo credit: REUTERS)

Two Israelis who were indicted in July 2015 for using fake passports and identities to run a fraudulent stock scheme that garnered them millions, have been approved for extradition to the US by the Supreme Court of Israel on Sunday.

After their initial arrest in Jerusalem, two of the three guilty men, Gery Shalon, 31, and Ziv Orenstein, 40, were held in Jerusalem for 20 days, as it was feared they posed a flight risk.

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A grand jury in Manhattan indicted the suspects in June on charges of conspiracy to commit securities fraud, conspiracy to commit wire fraud, securities fraud, wire fraud, conspiracy to commit fraud using false documents, aggravated identity theft and money laundering conspiracy.

According to the indictment the defendants used a series of fake identities, with Shalon using names including “Phillipe Mousset” and “Christopher Engeham,” while Orenstein was known to use the names “Aviv Stein” and “John Avery”, while Aaron went by the alias “Mike Shields.”

The defendants were previously implicated in several fraud schemes tied to a massive data breach in 2014 at JPMorgan Chase & Co, according to news reports.

Niv Ellis and Ben Hartman contributed to this report.


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