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Where is about $50 million from alleged ICC-Cal fraud?

The State Attorney’s Office is not indicting Nathan Jacobson, although it says he gave bribes.

The illegal clearance of billions for gambling and pornographic websites by Israel Credit Cards Ltd. (ICC-Cal), and the grave suspicions referred to by the State Attorney’s Office as “bribery, fraud, and money laundering amounting to billions of shekels” still give rise to several unanswered questions about those involved in the affair. For example, why were no proceedings instituted against businessman Nathan Jacobson, one of the leading figures in the affair, who is suspected of bribing former ICC-Cal CEO Boaz Chechik for ICC-Cal’s clearance of the gambling and pornographic websites of Paygea, owned by Igada, and what happened to the estimated NIS 200 million raked in by somebody as a result of the “side venture” initiated and operated by Chechik, his good friend Albert Alhadaf, and Jacobson?… [READ MORE]


Published by Globes [online], Israel business news –



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