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‘Fraud’ case man’s £2.6m barmitzvah

Businessman wanted on fraud charges in America is allowed to attend son's barmitzvah in Israel after rabbis pledged £2m in sureties

October 10, 2008 12:21

By

Leon Symons,

Leon Symons

1 min read

A businessman wanted on fraud charges in America has been allowed to attend his son's barmitzvah in Israel after rabbis pledged £2m in sureties.

Zev Saltsman, who lives in Hendon, North-West London, was arrested in London a year ago after he was named as one of six men accused by US federal prosecutors in Brooklyn.

He was alleged to have made $55m (£31.5m) in fraudulent profits through private share sales. He has not admitted the allegations in the USA.

Mr Saltsman, 45, was arrested on his way to Heathrow Airport and has been fighting extradition to America.
According to the indictment, Mr Saltsman and another Israeli, 51-year-old Menachem Eitan, allegedly made millions of dollars by allegedly "short selling" the shares of two companies.