BREAKING NEWS

Savion man accused of defrauding investors turn self in

By JPOST.COM STAFF

MAY 30, 2012 12:14

Police on Wednesday arrested the owner of an investment firm suspected of defrauding clients of millions of shekels.

Eran Mizrahi, 40, from Savion, turned himself in at the Tel Aviv District Police's fraud department on Wednesday and was expected to face a remand hearing at the Tel Aviv Magistrate's Court later in the day.

Dozens of investors complained to police earlier this week that Mizrahi had taken the money they had invested in securities and disappeared.

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