Israel Securities Authority

It could be real estate, it could be a gas station it could be a supermarket it could be almost anything certain things happen to be fairly risky and there are deals that are being shopped around all of the time and we're going to talk about the fundamentals what to look for what not to look for what to invest in how to not get dragged into something that may be either a bad investment or worse a Ponzi scheme in fact This topic was unfortunately inspired by something that is happening in Eretz Yisrael right now.

The Israel Securities Authority announced an investigation of a businessman who, according to the allegations, raised more than 200 million shekels from 219 investors.

He started raising the funds back in 2018 all the way.

until almost now, 2026, just recently, primarily from the Haredi sector for a gold mining venture in Ethiopia.

And according to the authority, that's the Israel Securities Authority, the suspicion is that the businessmen, quote, used funds from new investors in order to make gold.

to earlier lenders, end quote, while misleading investors, presenting false representations, and exceeding the authorization he was given regarding the use of the funds.

He's taking in funds that's not being invested.