Israeli online casino owners indicted in U.S. for securities fraud, money laundering, and aggravated identity theft
Two Israelis indicted in the US and facing extradition for allegedly using fake passports and identities to run a stock fraud scheme that made millions were ordered kept in custody for 20 days by the Jerusalem Magistrate’s Court on Wednesday, due to fear that they pose a flight risk.
A grand jury in Manhattan indicted the suspects, Gery Shalon, 31, and Ziv Orenstein, 40, in June on charges of conspiracy to commit securities fraud, conspiracy to commit wire fraud, securities fraud, wire fraud, conspiracy to commit fraud using false documents, aggravated identity theft and money laundering conspiracy. The pair are also suspected in computer data breaches at J.P. Morgan in 2011 and 2012
The website Casino Scam Report identifies the two as co-owners of 13 online gambling casinos.
Read more at the Jerusalem Post.
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