Jerusalem – On Wednesday, Eliyahu Hefetz, 35, was arrested for defrauding dozens of individuals of tens of millions of shekels by masquerading as a stock broker, a soldier in an elite brigade and a Defense Ministry investigator. His custody was lengthened for 12 days.
Subscribe to our Daily Roundup Email
Police say that Hefetz pretended to be a broker with connections to European financial companies. He promised everyone who gave him money to invest in guaranteed securities that they would make a “fine” profit. Despite being married, he developed romantic relationships with a number of women, defrauded them of their money and used it to maintain a lavish life style. Those he preyed on included his own family relatives.
Investigators say that Hefetz didn’t have pity on a person, and was willing to do anything to make a buck. People lost their homes and future pensions because of him. Hefetz did not have a criminal background.
Hefetz was spotlighted when a woman filed a complaint against him claiming that he had posed as a fighter from the elite 669 unit and an undercover investigator in the Defense Ministry. He had maintained a long romantic relationship with her and promised to marry her. She had trusted him, but he made off with her money to live in luxury villas, leaving her penniless.
Warrant officer Natalie Tzafrir from the Tel Aviv Police Fraud Unit says that Hefetz admitted that his motivation was simple desire for money, and that he admitted to all the crimes alleged to him. “He gave small sums to his financial victims, claiming it was just the initial payment, and then made off with all their money.”
During the police investigation, the police located 60 individuals, most of whom lost millions to Hefetz including homes and expensive property, who agreed to file a complaint against him.
When will people finaly wake up?
and you tell me these people are normal people trusting others with millions.
disgusting
To all potential ‘investors’ if someone approaches you with a great business deal thats to good to be true, even when you know the person, remember, if it’s to good to be true then stay away.
Unfortunately, this type of thing is happening too often. People have to know, once and for all, that there is no such thing as guaranteed high returns on money.
do not be suprised – there are not shortage of these ppl – that why our zaides and bubbys knew best – leig de gelt in the mattress. Rocks bls
To all potential ‘investors’ if someone approaches you with a great business deal thats to good to be true, even when you know the person, remember, if it’s to good to be true then stay away.
Reply »
Its amazing to me how many people are so hungry for big returns (that are usually not possible, for most of us)
And give their money freely, its hard to feel sorry for them…greed seems to play a major role blinding these simple folk.
God will be the final judge in the end.
You may call it greed but would you expect your grandson, son, brother, son-in-law or friend to defraud you of all your life savings?