Additional to the questions directed to the Securities Authority by traders, the Investigations, Intelligence and Commerce Management Division on the Securities Authority confirms that the questionnaire distributed to Eli Shemesh traders on 5/26/24 by way of WhatsApp, is certainly a questionnaire distributed by the Investigations Division.
The authority states that filling out the questionnaire is meant to avoid wasting the affected traders from being summoned to testify within the workplaces of the investigation division and is vital for the development of the prison investigation in opposition to Shemesh and his companions within the crimes.
Recall that the Securities Authority is investigating suspicions of criminality by Eli Shemesh and different suspects within the administration of traders’ cash.
On April 11, 2024, the Securities Authority introduced that it had opened an open investigation into the case of Eli Shemesh and different suspects, on suspicion of committing offenses of managing funding portfolios with no license in response to the Regulation on the Regulation of the Apply of Funding Consulting, Funding Advertising and Funding Portfolio Administration, offenses of making an unlawful joint funding association and offenses A suggestion to the general public of models with no prospectus that the Authority permitted to be printed in response to the Regulation on Joint Investments in Belief, offenses of fraudulently receiving one thing beneath aggravating circumstances in response to the Penal Code, in addition to cash laundering offenses in response to the Regulation on the Prohibition of Cash Laundering, and this relating to the occasions that befell from 2020 till as we speak.
In accordance with the suspicion, throughout the talked about interval, the suspects, every in response to their half, managed the funds of about 200 shoppers, in a complete quantity of about 17 million NIS, whereas they don’t have a license to handle funding portfolios. In accordance with the suspicion, as a part of this exercise , the suspects provided the general public a joint funding in securities in an association they created for this function, and this not in response to a allow or a prospectus as required by the provisions of the Joint Investments in Belief Regulation.
As well as, the mentioned exercise was allegedly carried out whereas deceptive the traders and presenting false representations, together with the usage of the traders’ funds for the non-public wants of the suspects and never for the advantage of the promised funding, together with the usage of the traders’ funds for funds to different clients (“pyramid fraud”).
Subscribe to the e-newsletter
The article shouldn’t be thought-about a advice or an alternative to the reader’s impartial judgment, or a proposal or funding advertising or funding recommendation