Israeli Businessman Nochi Dankner Convicted of Securities Fraud

July 4, 2016 12:24 PM

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Nochi Danker, once one of Israel’s most powerful businessmen, with holdings ranging from telecoms to insurance, was convicted of stock manipulation by a Tel Aviv court.

The former controlling shareholder of IDB Holding Corp., Dankner was charged with improperly influencing IDB’s share price days before a planned securities issuance in February 2012, according to an e-mailed statement Monday from the Tel Aviv District Economic Court. The former tycoon could face as ...

Also read: Israeli court sentences tycoon to 2 years in prison

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