BREAKING NEWS

2 arrested on suspicion of massive TA building fraud

Two men aged 50 and 53 from Bat Yam were arrested by officers from Tel Aviv police's Fraud Branch on Sunday on suspicion of posing as the owners of a building in Tel Aviv's Rehov Ben Yehuda and fraudulently attempting to sell it on for millions of shekels.
The alleged fraud occurred in August 2009, when the suspects, working out of a rented office, allegedly forged documents using stamps stolen from a nearby lawyers' office to falsify a sales contract to give the impression that they had purchased the building from an Israeli national who resides in Britain.
"The 53-year-old suspect falsely presented himself as a the registered owner of the building while the 50-year-old suspect pretended to be his property business representative," police said.
The real owner of the building was "shocked" to discover that the suspects had been posing as the owners and sought to sell it, police said.
"Fortunately, the suspects did not manage to sell the building to a third party," Ch.-Supt. Avi Dayan, of Tel Aviv police's Fraud Department, told <i>The Jerusalem Post.</i>
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