Posted on 10/06/21
| News Source: i24
'Wolves of Tel Aviv' mostly targeted US citizens, taking tens of millions of shekels
In a joint operation with the Federal Bureau of Investigation (FBI), the Israel Police arrested 26 people overnight Tuesday in Tel Aviv for their suspected involvement in organized financial fraud.
A tip received from the US confirmed that a group of Israelis scammed millions of dollars from dozens of US citizens under the guise of acting as a cryptocurrency investment firm, Haaretz reported.
The suspects were said to be marketing products and investments, without providing returns, and keeping the victims' money.