Former Israeli company executive pleads guilty to US fraud
NEW HAVEN—A former executive of an Israel-based defense contractor has pleaded guilty to crimes related to fraud schemes targeting a United States foreign aid program.
Yuval Marshak pleaded guilty on Monday to several counts of fraud in federal court in Connecticut. He had been extradited from Bulgaria following his indictment early last year.
The US Justice Department says Marshak carried out three schemes between 2009 and 2013 to defraud the Foreign Military Financing program. The program provides foreign governments with money to buy American-made military goods and services.
He was accused of arranging for undisclosed commission payments to be made to a Connecticut-based company, owned by a relative, to disguise their true nature.
US officials say the case was prosecuted with assistance from Israel's Ministry of Defense.
