No chi dankner biography of christopher paul

I believe in G-d that everyone is for the best. I trust the justice and judicial system and love the State of Israel very much. Dankner was also ordered to pay a NIS , fine.

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Nochi Dankner was convicted in of providing the finances for a scam involving the purchase of IDB stock on the day it was issued. He manipulated the market on the day of issue—in other words, he was involved in a massive acquisition of IDB Holdings stock, along with broker Adi Yehuda Sheleg. The affair started at , when Dankner foresaw problems in IDB cash flow after years of prosperity.

The company had a complex pyramid of control with multiple levels of holding firms and subsidiaries. It hit hard times when the market crashed and some investments, such as a major Las Vegas real estate deal, failed. Nochi Dankner then started looking for funding sources, and alongside his counterparts, had decided to issue securities in order to raise the money.

IDB took on millions of dollars in debts following a series of bad business deals. The courts wrestled control of IDB away from Dankner as a result. Dankner did not give up after his conviction and appealed to the Supreme Court against both the conviction and sentence—a months prison sentence and a NIS , fine—in February Strum had also appealed, but the court did not accept their claims and rather increased their sentences.

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