'Israeli Madoff' Michael Ben-Ari convicted over $150m Ponzi scheme
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Source: timesofisrael.com
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Under plea deal, Michael Ben-Ari to serve at least 5 years in prison for what is believed to be worst scam in Israel's history; is due to cooperate ahead of sentencing
Ben-Ari to stand trial for allegedly defrauding investors for 15 years in largest-ever scam in Israel; he previously fled on a false passport after posting NIS 2 million bail