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Israel police bust fraudsters with alleged US ties - ASHARQ AL-AWSAT English Archive
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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.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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