Israel man swindled $47m from Orthodox Jews in US
18 Jan 2023; MEMO: An Israeli man fled to Israel in 2021 after being charged in the US for defrauding investors of a total sum of at least $47 million, reported The Times of Israel.
The indictment from earlier this month, filed by the US Securities and Exchange Commission (SEC) says Yossi Engel, 35, used his company, iWitness Tech, to draw investors from Orthodox Jewish communities in Los Angeles and New Jersey.
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