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Ongoing Story· Day 30

Kohan Properties CEO Ousted After Continued Fund Withdrawals

2 developments

Economy · Full coverage

Debtor Seizes Control of Troubled US Real Estate Firm After Millions Lost on Tesla Short

How 3 Israeli newsrooms covered this story — translated into English and compared side by side.

Unrated 3

By איתן גרסטנפלד

What happened

Natanel Lorenz's Dekama has seized control of US real estate firm Kohan Properties after its CEO, Mike Kohan, misused company funds and incurred significant losses through failed stock market bets. The move follows Kohan Properties' bond issuance in Tel Aviv earlier this year.

  • 01Natanel Lorenz's Dekama seized control of Kohan Properties via a share lien.
  • 02Kohan Properties CEO Mike Kohan misused company funds for personal expenses.
  • 03Dekama suffered millions in losses from failed short-selling bets on Tesla and ARK Invest.
  • 04Kohan Properties raised NIS 412 million from investors in Tel Aviv this year.
  • 05Mike Kohan resigned as CEO amid revelations of further fund withdrawals.

Summary translated & synthesized from the sources below by baba. Read each original for the full report.

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The coverage

3 newsrooms on this story

How it broke

Plus

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Mentioned
People
OrganizationsDekama, Kohan Properties, Israel Securities Authority, ARK Invest
PlacesUnited States, Tel Aviv, Israel, England, Hungary, Budapest

Full coverage · 3 outlets

The same event, reported separately by each newsroom. Open a few to compare what each emphasizes — and what they leave out.

GlobesUnrated · Hebrew2 hours ago
Debtor Seizes Control of Troubled US Real Estate Firm After Millions Lost on Tesla Short
CalcalistUnrated · Hebrew3 hours ago
British Lender Seizes Control of Kohan Property, Threatening Israeli Bondholders
BizportalUnrated · Hebrew4 hours ago
Mike Kohan Loses Control of Kohan Properties as Debt Default Triggers Share Transfer