‘Israeli Bernie Madoff’ accused of defrauding ultra-Orthodox out of millions in U.S.

An Israeli man was indicted by U.S. authorities for a Fonzie scheme in which he defrauded investors of some 47 million dollars to finance his lavish lifestyle. Court filings in Los Angeles County, show the U.S. Security and Exchange Commission and Israeli security officials, alleged that 35-year-old Yossi Engel promised at least 29 ultra-Orthodox investors…

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