Two brothers and the wife of one of them will be prosecuted, subject to a hearing, following the commission of offenses of fraud and deception | The three are suspected of running a venture to sell failed businesses while presenting a false presentation that these are profitable businesses, which were published in local newspapers in the ultra-Orthodox sector | all the details
The Jerusalem District Attorney’s Office (Criminal) announced today to the attorneys of Oren Cohen, Alon Cohen and Rachel Rubinstein that the possibility of filing an indictment against them, subject to a hearing, each according to his share, on suspicion of committing fraud, fraud, money laundering, Bankruptcy offenses and creditors fraud offenses.
This, after initiating and running a venture to sell failed businesses while presenting a false impression that these are profitable businesses. According to the letter of suspicion, in the years 2021-2017, the brothers Oren and Alon Cohen purchased failed businesses for a small amount and advertised them for sale in local newspapers in the ultra-Orthodox sector.
The businesses were falsely presented as profitable and Oren falsely introduced himself as the business owner, used fake names and used to tell potential buyers, among other things, that this is a very profitable business. The suspects presented various and sophisticated false presentations through which they deceived the potential buyers and persuaded them to purchase failed businesses in the amounts of hundreds of thousands of shekels.
The victims of the crime who purchased the failed businesses soon discovered that they had been deceived and forced to sell the business they purchased from the suspects after they suffered losses of hundreds of thousands of shekels, which collapsed them financially. The letter of suspicion indicates ten different incidents in which the suspects fraudulently sold various businesses, including pizzerias, laundries and restaurants. The letter of suspicion attributes fraudulent offenses to the suspects in the amount of NIS 5 million.
In addition, according to the letter of suspicion, as of 2008, Oren Cohen had debts to various creditors and as a result, cases were developed against him in execution. Oren and Rachel got married in 2012 but they were not registered in the Ministry of the Interior as married and Rachel did not change her last name in order to help the suspect deceive his creditors.
The case is being handled by Adv. Or Gabay of the Jerusalem District Attorney’s Office (criminal) and the investigation was conducted by an investigation team of the Jerusalem District Police, the Jerusalem and Southern Tax Assessing Officer at the Tax Authority and the National Inquiry Unit of the Bankruptcy Commissioner.