Israeli Suspects in Alleged Philippines Stock Scam Released from Custody
Earlier this month, Philippine authorities arrested almost 482 IBD-M employees, including eight Israeli citizens
Tomer Ganon and Ran Abramson | 11:42 17.06.2018
On Thursday, Filipino authorities released from custody eight Israeli citizens arrested at the beginning of the month for allegedly orchestrating an international stock market scam. The decision came about after the Filipino prosecutor general told the court that an investigation did not currently support the suspects’ guilt.
For daily updates, subscribe to our newsletter by clicking here.Earlier this month, Filipino Police’s Anti-Cybercrime Group stormed the offices of Philippines-based International Branding Development Marketing Inc., or IBD-M, arresting 482 of the company’s employees for allegedly selling stock in a non-existent British company.