Security · Full coverage
Israeli Businessman Arrested Over Suspected $60 Million Fraud Targeting Ultra-Orthodox Investors
How 3 Israeli newsrooms covered this story — translated into English and compared side by side.
100% right-leaning
Right 3
First reported by Behadrei Haredim · Jul 12, 2026
What happened
Israeli businessman Chaim Leib Kaplan was arrested for allegedly raising over 200 million shekels from mostly ultra-Orthodox investors without proper disclosure, linked to a gold mining project in Ethiopia. Authorities suspect a pyramid scheme and ongoing fraud, with investigations and company closures underway.
- 01Chaim Leib Kaplan allegedly raised over 200 million shekels from 219 investors without a prospectus.
- 02Most investors targeted were from Israel’s ultra-Orthodox community.
- 03Funds were raised for an Ethiopian gold mining venture via Kaplan’s two private companies.
- 04Authorities suspect a pyramid scheme diverting new investments to repay earlier investors.
- 05Kaplan ignored a formal ISA order to stop fundraising issued in February 2026.
- 06The investigation is ongoing, and involved companies are being closed by enforcement agencies.
Summary translated & synthesized from the sources below by baba. Read each original for the full report.
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.
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