Israelis Suspected Of US Tax Return Fraud Arrested

Police raid homes of suspects who allegedly cooperated with Americans to swindle tens of millions of dollars from IRS, transfer money to Israeli bank accounts. Police suspect 62-year-old American Jew who fled to Israel as head of operation

Police suspect that seven Israelis and Americans embezzled tens of millions of dollars from the US tax authorities and transferred the money to Israel.

The National Fraud Unit arrested the Israeli suspects, and their remand hearing is scheduled for Monday at the Tel Aviv Magistrate's Court.

The investigation, dubbed "American Pie" began several months ago, when the federal authorities asked Israel to probe the case. Head of the National Fraud Unit Brigadier-General Shlomi Ayalon, Who met with the Americans, tasked an investigation team headed by Deputy Commander Yoran Naaman, with the case.

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