The number of prisoners convicted of fraud charges in Israel grew by 78% in just two years, from 300 to 535, according to the Israel Prison Service.
Among the better-known [recent] Israeli white collar prisoners are David Kohn, former senior deputy director general of Israel Electric Corporation; Arie Lanzberg, a former executive for Israeli investment firm Klal Finance Ltd.; Eyal Hadad, the owner of Israel-based fashion chain Selection-Fashion Stores Ltd.; Tal Yegerman, a financial advisor for Peled-Givony Group, headed by ex-police chief Rafi Peled, who was also convicted of fraud in 2012; and Israeli multi-millionaire businessman Nochi Dankner.
According to the Israel Securities Authority (ISA), within the past decade, there have been thousands of hearings, fines, and indictments against people in the finance world.
According to people working in the authority’s investigation, intelligence, and market surveillance department who spoke to Calcalist on condition of anonymity, there is an increase in the number of suspects and defendants in each case as well as in the amounts of money involved.
They attribute the increased number of cases—from an average of 13 cases a year in 2012, to an average of 18 cases a year now—at least partially to more sophisticated enforcement and investigation tools and the increased authority given to the ISA in 2012.