Article: Israeli Businessman Nochi Dankner Found Guilty of Stock Manipulation

Article - Media, Publications

Israeli Businessman Nochi Dankner Found Guilty of Stock Manipulation

Jasmin Gueta, 04 July 2016

Nochi Dankner, who was for a decade one of the most powerful business tycoons in Israel, was found guilty on Monday of stock manipulation and other securities-related offenses.

Broke tycoon ejected from Tel Aviv restaurant. In first testimony, Dankner denies role in alleged share manipulation. Nochi Dankner survives South America helicopter crash. The maximum punishment for the offenses is five years’ imprisonment.

In a 280-page decision, Judge Khaled Kabub of the Tel Aviv District Court found Dankner guilty of all the charges that had been brought against him, which centered on his manipulating the share price of his publicly traded IDB Holding Corporation ahead of a secondary offering of its shares in February 2012. Dankner consistently denied any wrongdoing. Continue reading “Article: Israeli Businessman Nochi Dankner Found Guilty of Stock Manipulation”

Article: Four indicted in Psagot market manipulation affair

Article - Media, Publications

Four indicted in Psagot market manipulation affair

Ella Levy-Weinribo, 07 April 2014

The indictment is against David Edry, Shai Ben-David, Aharon Navon, and Saar Weintraub.

Four years after the Psagot Investment House Ltd. scandal erupted come the indictments: the Tel Aviv District Attorney (taxation and economy) has filed an indictment against David Edry, who was vice president of Psagot’s brokerage manager of the company’s nostro account at the time, Shai Ben-David, former manager of Psagot’s brokerage, Aharon Navon, former manager of Deutsche Bank Israel’s trading room, and Saar Weintraub, who was a broker at Deutsche Bank Israel. Continue reading “Article: Four indicted in Psagot market manipulation affair”