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Another 10 U.S. tankers are headed to Israel's Ben Gurion as airport delays mount

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Fraud

20 stories about Fraud

Nearly 30 years after becoming a hacking legend, “The Analyzer” faces a new cybercrime investigation

16.07.26|CTech

Ehud Tenenbaum, once known as one of the world’s most sophisticated teenage hackers, has been arrested over allegations he helped run a global investment fraud network targeting victims across Europe.

After three exits, Eyal Azoulay raises $20 million Seed to automate financial crime investigations

07.07.26|Meir Orbach

Tangos AI is building AI agents to replace the labor-intensive process of investigating suspicious transactions.

The AI fraud case that terrifies banks

21.06.26|Amir Kurz

Police allege a 20-year-old used synthetic identities to open accounts and issue credit cards in the names of unsuspecting victims.

Bank Hapoalim to pay $9.5 million to settle Madoff-related lawsuits

07.05.26|Almog Azar

Israeli bank reaches agreement tied to investments routed through its Swiss subsidiary.

Intel settles multi-million fraud case against ex-employee and supplier

27.04.26|Almog Azar

Company’s allegations of a coordinated scheme involving undelivered goods end in a confidential agreement.

The new fraud frontier: Guardio research shows how AI browsers can be easily deceived

20.08.25|Omer Kabir

Fraud no longer needs to deceive the user. It only needs to deceive the AI.

Joonko to pay $500,000 to ex-CEO Ilit Raz as part of court-approved settlement

24.06.25|CTech

The agreement closes out legal claims in bankruptcy court but leaves separate fraud proceedings unresolved.

The fall of Vesttoo enters criminal phase with Hong Kong arrests

08.06.25|CTech

Two former bankers accused of aiding billion-dollar fraud with fake LOCs.

Intel uncovers multi-million fraud scheme by ex-employee and supplier

26.05.25|Almog Azar

Intel Israel says purchase order fraud ran undetected for over a year.

מגזין עצמאות 4.5.22 בכירי ריסקיפייד פותחים את המסחר בניו יורק

Riskified weighs potential sale as growth slows and losses mount

05.03.25|Sophie Shulman

E-commerce fraud prevention firm explores acquisition offers after stock decline and financial struggles.

SEC charges Joonko founder Ilit Raz with $21 million fraud

12.06.24|CTech

Raz allegedly used fabricated customer testimonials, forged contracts, and falsified bank statements to secure funding.

Joonko files for Chapter 11, plans to distribute remaining $4.25 million to investors

19.05.24|CTech

The startup's operations effectively came to an end last summer after Ilit Raz, the former CEO of Joonko, left the company amid allegations from the board that she “engaged in egregious, unethical, and fraudulent conduct.” After leading the investigation on behalf of the investors and the management, COO Ilan Band is now seeking to complete the closure of the company

Court overturns Vesttoo's seizure request against founders and execs

20.02.24|Meir Orbach

District Court in Tel Aviv rules in favor of co-founders Yaniv Bertele and Alon Lifshitz, dismissing seizure bid

The Israeli startup saving bank customers from becoming "Trojan Horses"

16.01.24|James Spiro

CheckMate CEO Aviel Erdis explains how its solution can help banks and payment providers protect unwitting customers from helping cybercriminals with fraud attempts.

Vesttoo creditors claims reach $4.8 billion, but less than $100 million likely to be recovered

24.12.23|CTech

The bankruptcy court in Delaware conditionally sanctioned last week the reorganization plan under Chapter 11 for Vesttoo's bankruptcy, but according to industry website Artemis, it seems likely the creditors will only ultimately receive a miniscule portion of their claims

BioCatch enters unicorn club as valuation crosses $1 billion in latest secondary deal

20.11.23|Sophie Shulman

The company, which specializes in software development for identifying and preventing bank fraud and money laundering, secured around $70 million from Sapphire Ventures

Vesttoo's collapse to cost Meshulam Levinstein real estate company 5.4 million NIS

02.11.23|Almog Azar

Insurtech company Vesttoo, which rented office space in Levinstein Tower for a quarter of a million shekels per month, has collapsed due to suspected embezzlement of billions of shekels.

Creditors demand to liquidate Vesttoo and halt any attempt to reorganize the company

24.10.23|Meir Orbach

“Vesttoo – viewed as the Madoff of insurance – never operated as a business or as a going concern without revenue from the fraud,” read a statement by the Official Committee of Unsecured Creditors in the Vesttoo bankruptcy case

Startup reality check: Founders and VCs face accountability wake-up call

21.09.23|Viki Auslender

Indian startup Byju's Alpha is yet another prime example of startup fraud, but the blame does not solely rest on the founders

Court approves seizure of $30 million in assets from Vesttoo co-founders, execs

19.09.23|Meir Orbach

The request, submitted by the company and approved by the Tel Aviv District Court, included foreclosures totaling approximately $23 million on the assets of co-founders Yaniv Bertele and Alon Lifshitz, as well as foreclosures totaling $7.2 million on two former executives and a service provider