Archive: 6/30/2014
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  6/30/2014, Tammuz 2, 5774

Israeli Tycoon Indicted over Stock Manipulation


The Tel Aviv District Attorney's Office submitted an indictment on Monday against Israeli tycoon Nochi Dankner, broker Itai Strom, the giant IDB Holding Corp, and Close Trading Ltd. (formerly ISP Financial Trading) over charges of stock manipulation. The indictment accuses Dankner and Strom of fraudulent influence and inducement under Paragraph 54 of the bank securities law, in addition to crimes of money laundering.

Dankner has been accused additionally of misleading an investor, while Strom has been charged with lying in investigation.