Israeli Businessman Nochi Dankner Gets Jail Term for Stock Fraud

Nochi Dankner, once one of Israel’s most influential business tycoons, was sentenced to two years in jail after being found guilty of stock manipulation, a Tel Aviv court ruled.

Dankner, former controlling shareholder of IDB Holding Corp., was given 24 months in prison and a fine of 800,000 shekels ($209,000), according to an e-mailed statement Monday from the Tel Aviv District Economic Court. The former business mogul was convicted in July of helping to push up IDB’s share price days before a securities issuance in February 2012.