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Photo: Reuters
Suspicion: Foundation chairman embezzled funds
Police suspect that chairman of foundation raising money for people in need of medical care transferred funds to own bank account, accounts of family members
The chairman of a large Bnei Brak
foundation, dedicated to raising money for people who cannot afford medical procedures, was arrested Monday for suspicion of embezzling
funds donated to the foundation.
In a covert investigation of the police fraud unit, investigators found that the suspect, 50, has been lobbying businesspeople and public institutions and managed to raise thousands of shekels for people in need of urgent medical care, including children.
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According to suspicion, he transferred funds to his own account and to the accounts of family members who were in debt.
The embezzlement amounts, according to police assessments, to hundreds of thousands of shekels.
Investigators suspect that additional donations may not have been documented in the foundation's books.
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