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Israeli Court Extradites Businessman Michael Payne to U.S. Over $28 Million Bank Fraud Charges

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דווח לראשונה בYnet · Jun 27, 2026

מה קרה

Michael Payne, a U.S. businessman residing in Israel, was extradited to the United States to face charges of bank and electronic fraud exceeding $28 million. The extradition followed a lengthy legal process in Israel, including court rulings and ministerial approval. Payne is accused of submitting false financial data to secure mortgage loans between 2016 and 2019 and maintains his presumption of innocence.

01Michael Payne was extradited from Israel to the U.S. on bank fraud charges exceeding $28 million.
02He allegedly submitted false financial data to obtain mortgage loans from 2016 to 2019.
03The U.S. federal investigation began in 2019, with a grand jury indictment in Missouri in 2020.
04Israel's courts approved Payne's extradition after petitions and appeals from 2021 to 2024.
05The extradition was finalized with approval from Israel's acting Minister of Justice on May 14, 2024.
06Payne retains the presumption of innocence as legal proceedings continue in the U.S.

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