Key Takeaways
- The Israeli State Prosecutor has announced that it is considering an indictment against Israel Credit Cards (ICC–Cal) for allegedly processing overseas financial transactions to US and other foreign gambling and pornography websites.
- The state prosecutor said that Cal was suspected of processing “payments for gambling sites (including U.S. gamblers) by false coding, classifying them as supposedly legitimate business activities, approving businesses as customers without proper identification procedures and other fraudulent activities.”
The Israeli State Prosecutor has announced that it is considering an indictment against Israel Credit Cards (ICC–Cal) for allegedly processing overseas financial transactions for US and other foreign gambling and pornography websites.
“Cal itself as well as its former CEO Boaz Chechik and former vice president Steve Greenspan are suspected of aggravated fraud, false entries in corporate documents, bribery and violations of the Prohibition on Money Laundering Law,” stated the prosecutor.
