Tel Aviv District Court convicts Nissim Dgeldati of defrauding prison friend of 1 million shekels

The Tel Aviv District Court convicted Nissim Dgeldati of aggravated fraud, money laundering, forgery, and tax offenses for defrauding a friend he met in prison of 1 million shekels in a fake stock deal. Two other defendants were also convicted.

The Tel Aviv District Court today (Wednesday) convicted Nissim Dajaldati of aggravated fraud after he fraudulently obtained one million shekels from a friend he met while they were serving prison sentences together. The two developed a friendship and trust, and later also business ties, but a deal to purchase shares in a publicly traded company ended with the complainant transferring the full amount without receiving the promised shares. Dajaldati was also convicted of money laundering, document forgery, and a tax offense. According to the verdict, in 2020 Dajaldati offered his friend to invest one million shekels in exchange for 2.5% of the shares of a shell company. The complainant initially transferred 250,000 shekels to a lawyer's escrow account, after being told it was a down payment for the share purchase, but in fact the money was used to deposit a personal guarantee that Dajaldati was required to deposit in court as part of a previous criminal proceeding. In January 2021, the complainant transferred an additional 750,000 shekels to the account of Y.P.A. Conditions Ltd., from which 728,000 shekels were withdrawn in cash and given to Dajaldati. Despite receiving the full amount, Dajaldati did not transfer the shares. The court determined that documents were forged in the complainant's name to facilitate the withdrawals. Dajaldati, who had previously been convicted of money laundering in the Zakharenko affair, committed these acts during his imprisonment and immediately after his release as a prisoner on license.