18 months for attorney who embezzled NIS 1.8 million

Tel Aviv Magistrate’s Court also ordered Naim to pay a fine of NIS 20,000 and a further NIS 50,000 in compensation to the plaintiff.

By JOANNA PARASCZCUK
July 19, 2011 04:00
1 minute read.
A gavel strikes at the issuing of justice

311_gavel. (photo credit: Ariel Jerozolimski)

 
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

Attorney Ron Naim was sentenced on Monday to 18 months’ imprisonment for stealing NIS 1.8 million from a former client, a subsidiary of Koor Industries Ltd.

The Tel Aviv Magistrate’s Court also ordered Naim to pay a fine of NIS 20,000 and a further NIS 50,000 in compensation to the plaintiff.

Be the first to know - Join our Facebook page.


RELATED:
Ex-Hadera deputy mayor gets 6 months' community service

According to the charge sheet, in 2000 Naim represented Solkoor, a subsidiary of holding company Koor Industries Ltd., in a case in the Tel Aviv District Court against the Brahms Group and Meir Goldman.

At the end of the legal proceedings, the Brahms Group and Goldman were ordered to pay Solkoor a sum of over NIS 2m.

Naim received checks for that amount on behalf of Solkoor, but instead of transferring them to his client, deposited them into a bank account he had opened in his name.

In 2002, Naim transferred NIS 500,000 to Solkoor and claimed this was the total amount he had received from the Brahms Group and Goldman.

Over the next year, Naim stole NIS 1.8m. from the account.



In sentencing Naim, Judge Ziva Herman wrote that the attorney had not only caused damage to Solkoor but had also damaged public trust in the legal profession.

“The offense of which the defendant has been convicted is a serious one. He used his position and the trust placed in him to steal money from a client by means of fraud and deception,” wrote Herman. “The courts have repeated time and again that the appropriate punishment is imprisonment for a meaningful period, both as a deterrent and as an expression of public revulsion towards the conduct of lawyers who breach trust.”

The judge also noted that in sentencing Naim, the court had taken into consideration the fact that he was suffering from an illness.

Related Content

Riot
August 31, 2014
Rioting resumes throughout east Jerusalem Saturday night

By DANIEL K. EISENBUD