Suspected Israeli fraudster Mike Ben-Ari arrested in Bosnia
2 min readBen-Ari, who fled Israel 14 months ago, allegedly defrauded hundreds of buyers out of $60 million.


Fourteen months following fleeing the country, Mike Ben-Ari was arrested last week in Bosnia and Herzegovina at the request of Israel. Ben-Ari is suspected of defrauding hundreds of traders out of sums totaling hundreds of hundreds of thousands of shekels. The announcement of the arrest has occur from the Worldwide Division of Israel’s Point out Attorney’s Place of work, which has formally asked for Ben-Ari’s extradition.

In excess of the years, Ben-Ari allegedly proposed that buyers set money into international funds by a enterprise that he owned, even though demonstrating allegedly fraudulent displays, about ‘safe’ investments, which promised high returns. In practice, it is alleged that he spirited away an estimated $60 million in excess of extra than a decade.

Ben-Ari was released on bail on April 6, 2021 and fled Israel. He was allegedly assisted in escaping the country by a close friend Nahum Eisenstadt who presented him with a forged passport.

Eisenstadt himself has been convicted as part of a plea cut price deal, which was opposed by Ben-Ari’s buyers.

Ben-Ari’s case is currently being investigated by the Israel Securities Authority and dealt with by the Condition Attorney’s Workplace Division of Taxation and Economics in cooperation with Israel Law enforcement and Interpol.

Mike Ben-Ari has not been convicted and he has the ideal of the presumption of innocence.

Posted by Globes, Israel business enterprise news – en.globes.co.il – on July 5, 2022.

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