US jails Israelis who con elderly of almost $10m
Published on Jul 15, 2014 10:24 AM
NEW YORK (AFP) - A New York judge jailed two Israelis on Monday for orchestrating an elaborate international lottery scam that defrauded elderly Americans out of more than US$8 million (S$9.9 million) in life savings.
US district judge Loretta Preska sentenced Avi Ayache and Yaron Bar to 13 years and 12 years respectively after they pleaded guilty to four years of mail and wire fraud.
US prosecutors say the duo were ring leaders of a 12-person scam based in Israel, which tricked Americans into signing away more than US$8 million, which was squirreled away illegally to bank accounts in Cyprus, Israel and Uganda.
Top New York federal prosecutor Preet Bharara said it was a "predatory group" that conned elderly people in the United States into believing they were lottery winners.
To continue reading, log in if you are a subscriber
Enjoy 2 weeks of unlimited digital access to The Straits Times. Get your free access now!