Israeli intelligence satellite launched into space aboard SpaceX Falcon 9

Israeli company ImageSat International, controlled by FIMI private equity fund, successfully launched the EROS-C3 observation satellite into space on Friday. The satellite owned by ImgageSat International and developed and manufactured by Israel Aircraft Industries, was launched using the SpaceX Falcon 9 launcher at Vandenberg Space Force Base in California. ImageSat specializes in solutions for collection…

Israeli Fraud-Preventer OrboGraph Acquired For Over $100M

The Israeli company OrboGraph, which uses AI to prevent fraud, was acquired for over $100 million. OrboGraph detects and analyzes fraudulent checks, and provides automated healthcare payment processing. The company is focused on detecting and preventing fraud in the US, Israel, and other countries, and uses advanced recognition algorithms and AI to read each document and…

Mike Ben-Ari charged with NIS 550m Ponzi scheme fraud

The suspected fraudster allegedly scammed 960 investors out of NIS 550 million through a pyramid scheme. Mike Ben-Ari who was last week extradited from Bosnia to Israel was today indicted of defrauding NIS 550 million from 960 investors. Ben-Ari was charged with aggravated fraud, forging documents, and money laundering offenses. Together with the indictment, the…

Police arrest suspect over blazing dumpster that injured mother during Haredi riot

Police arrested a suspect allegedly involved in launching a blazing dumpster on wheels that slammed into a passerby and seriously injured her during protests in Jerusalem earlier this month, authorities said Sunday. The suspect was arrested in the capital’s ultra-Orthodox neighborhood of Mea Shearim, police said. The area was the scene of riots of December 15 that…