Celebrity 'patent developer' arrested

Celebrity patent develo

By
October 14, 2009 08:19

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user uxperience almost completely free of ads
  • Access to our Premium Section and our monthly magazine to learn Hebrew, Ivrit
  • Content from the award-winning Jerusalem Repor
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

Tel Aviv police on Tuesday arrested a man who became famous after appearing on a television show introducing aspiring inventors to investors, on suspicion of aggravated fraud. Joseph Schneider, founder of the Israel Center for Inventors, appeared on the Sharks TV show and is suspected of pocketing funds he received from inventors, which were intended to further their initiatives. Police received dozens of complaints against Schneider in recent months by disgruntled inventors, whom he promised that he would develop their patents in exchange for a fee. Schneider, a Bnei Brak resident and father of eight, told clients that the development of their products would take place in China, and charged tens of thousands of shekels to take on their projects. But his clients became impatient after months went by with no results, and became suspicious when he showed them receipts from China that turned out to be forged. According to police, Schneider defrauded his victims of millions of shekels in total. Officers raided his offices in Bnei Brak on Tuesday morning, seizing computers and documents.

Related Content

Jisr az-Zarq
April 3, 2014
Residents of Jisr az-Zarqa beckon Israel Trail hikers to enjoy their town

By SHARON UDASIN