JERUSALEM (AP) – Israeli police say they have broken up an Israeli-American crime ring specializing in tax fraud and money laundering.
Police say a joint investigation with federal authorities in the U.S. has ended with the arrest in Israel of an unspecified number of suspects, some of them American citizens.
A police statement Monday said the suspects defrauded the U.S. government of tens of millions of dollars in tax returns and deposited them in Israeli bank accounts. They are being held on charges of money laundering, fraud, forgery and a number of tax offenses.
In late July, U.S. authorities arrested over 40 people in New Jersey in a separate corruption case that included charges of laundering money through Israeli charities.