Two Israeli Suspects in U.S. Stocks Fraud Held in Custody
Residential properties stand on the city skyline in Jerusalem, Israel, on March 16, 2014.
Ariel Jerozolimski/BloombergThis article is for subscribers only.
Two Israelis arrested at the request of U.S. authorities investigating a securities fraud scheme will remain in custody pending an extradition request, a Jerusalem Court ruled on Wednesday.
Gery Shalon and Ziv Orenstein were arrested at their homes early Tuesday morning and the Jerusalem court said they can be held until at least Aug. 10. An Israeli prosecutor said that Shalon is suspected of masterminding the scheme, which he carried out together with Orenstein and a third individual, who is currently not in Israel.