Court affirms conviction of man who stole millions from Holocaust survivors

Supreme Court denies Attorney Israel Perry's appeal on 2007 conviction of aggravated fraud, embezzlement of hundreds of millions of Deutsche Marks; reduces sentence to 10 years
Aviad Glickman|
The Supreme Court denied Thursday an appeal filed by Attorney Israel Perry, who was convicted of stealing millions from Holocaust survivors, on his conviction.
Perry was convicted of aggravated fraud, embezzlement, obstruction of justice and violation of insurance laws in October of 2007, after a six-year trial. He was sentenced to 12 years in prison and ordered to pay a $5.4 million fine.
Thursday saw the court reduce his sentence from 12 years to 10.
Perry was found guilty of cheating Holocaust survivors who were represented by the Association for Implementing the Social Security Covenant (AISSC), which he headed, out of hundreds of millions of Deutsche Marks.
In his appeal heclaimed that the conviction was not based on any concrete evidence. Perry also claimed that since his clients owed his firm money, the acts of aggravated fraud and embezzlement could not have taken place. Furthermore, since they were in fact financially liable to him, they could not be considered "injured parties."
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