Boaz Yona, former CEO of the Heftsiba real estate development company - whose collapse last summer left hundreds of its customers penniless and homeless last summer - was charged in Jerusalem District Court on Monday. The nine charges, made in the context of a plea-bargain reached between Yona's attorneys and prosecutors, include committing a crime, conspiracy to commit fraud, fraudulently receiving funds in severe circumstances, keeping false company records, and use of forged documents. Yona's charge sheet describes how he maintained a shadow system of false company notes and account managements, which he used to give a misleading impression of the scope of sales and the intake of profits from home buyers, both of which he exaggerated. Yona is also accused of money laundering and securities offenses, as well as releasing false and misleading company reports. After fleeing the country last summer, Yona was captured in Milan by Italian police in August after the Israel Police issued an international arrest warrant. Yona struck a plea bargain with the National Fraud Unit within hours of landing in Israel, prompting former senior law enforcement figures and victims of Yona's scams to condemn the arrangement, under which Yona will serve a seven-year prison sentence. Speaking shortly after the bargain was announced in June, Cmdr. (ret.) Mickey Levy, a former Jerusalem police chief said, "I don't understand why they closed the deal on Yona's plane trip back to Israel. Down on the ground, there are victims still suffering - this was coarse treatment of them. It was over the top and unethical. No doubt the plea bargain will save the court and prosecutors much work, but this is not the way to deal with the issue."