Israeli-Bulgarian Rami Maimon Continues to be linked to Criminal Frauds
Start writing a post
Lifestyle

Israeli-Bulgarian Rami Maimon Continues to be linked to Criminal Frauds

Rami Maimon, an Israeli-Bulgarian national residing in Bulgaria, continues to be heavily active in organized crime and criminal misconduct on a broad scale.

220
Israeli-Bulgarian Rami Maimon Continues to be linked to Criminal Frauds

Rami Maimon, an Israeli-Bulgarian national residing in Bulgaria, continues to be heavily active in organized crime and criminal misconduct on a broad scale. Maimon owns a multitude of construction and real estate companies. He is also involved in casinos and financial service companies, most of which have shut down after defrauding thousands of investors for 10s of millions of Euros.

Maimon has had several encounters with law enforcement agencies in Israel and Europe in the past and has managed to evade prosecution several times. In 2010, Maimon was the alleged mastermind behind a multimillion-euro fraud that not only led to financial damages and bankruptcy of one of the companies that fell victim to the fraud but also led to the suicide of its owner and to the hospitalization of another businessman following a mental breakdown.

As part of the fraudulent scheme, Maimon and his accomplices acted as an organized crime syndicate to take over construction rights for a project to build shops, offices, and underground parking in the Manastirski Livadi area in Bulgaria. Using his company Maiski EOOD, Maimon received the construction rights but did not pay the subcontractor he hired to do the job. He also failed to pay his debt to the National Revenue Agency. As a result of Maimon’s fraudulent actions, the subcontractor – RB Stroy, went into bankruptcy. Construction was halted in March 2010, and Maimon simply hired an additional subcontractor – ET Elera-Slavi Iliev – to complete the job.

Maimon refrained from paying the new subcontractor Elera-Slavi Iliev. Maimon then transferred the partially completed real estate project to a third party illegally using forged documents to avoid owning it when the victim companies filed lawsuits against him. As a result, both RB Stroy and ET Elera-Slavi were left with massive debts to their suppliers and collapsed financially. Slavi Iliev, the owner of Elera-Slavi, could not handle the pressure and committed suicide. His partner underwent a mental breakdown and barricaded himself in his home.

Despite the clear evidence of massive fraud and the concerns that this was not an isolated case, the Bulgarian prosecution eventually declined to move forward with the case. Maimon himself boasted that he would “get away with it”, citing his excellent contacts with prosecutors and law enforcement officials. And he eventually did.

Maimon showed no remorse following this incident and apparently just increased his appetite for ill-gotten gains. He partnered with two notorious financial scammers – Jack Henri Wygodski and Avi Itzokivtz, and together the trio established and ran a series of financial services companies operating out of Bulgaria but providing services worldwide. These companies established several branded websites specializing in Forex, Binary Options, CFDs, and Cryptocurrency trading, and employed hundreds of sales agents whose sole purpose was to find and onboard thousands of unsuspecting victims. These victims were convinced to deposit large sums of money, often part or all of their life savings, in seemingly lucrative online-trading schemes. Once the money was deposited, the victims suffered massive losses suddenly and their accounts were wiped out in a short period of time. In reality, the companies never traded and provided victims with falsified accounts and trading reports.

Following an international investigation by law enforcement agencies in several countries, this financial fraud crime ring was shut down in 2021. Itkovitch and several others were arrested and are awaiting trial. Wygodski went into hiding and is currently a fugitive from the law, wanted by law enforcement agencies in several countries. Maimon once again managed to avoid prosecution, despite his clear involvement in the companies who committed this massive fraud.

The question for many people remains a simple one – how long will Rami Maimon be allowed to continue his massive criminal activity schemes before he is finally brought to justice?

However, it appears that these near-capture incidents have not deterred him from continuing to be involved in organized crime syndicates.

Report this Content
This article has not been reviewed by Odyssey HQ and solely reflects the ideas and opinions of the creator.
Featured

Did NYC's CUNY student give 'hate-filled' commencement speech against Jews?

Fatima Mohammed, a law student, is accused of demonizing Israel. Others say she used her right of free speech and college should a secular space to discuss these issues

214
Did NYC's CUNY student give 'hate-filled' commencement speech against Jews?

City University of New York and its law school came under scrutiny for a commencement ceremony that featured a keynote speech seen as discriminatory against Jews. The school system, better known as CUNY, released a statement condemning the remarks as “hate speech” following a widespread outcry and calls for the college to speak out.

Keep Reading...Show less
To Boldly Go Where No Man Has Gone Before...

One of the things that I love most is space. I am a HUGE space nerd. Literally ask any of my friends. I was first introduced to space when my dad dragged me to see Star Trek. Since walking out of that movie theater in 6th grade, becoming an astronaut hasn't been just some wild dream that could come true.

Keep Reading...Show less
Featured

The Stories Behind Scars

Some tales of tribulation with permanent impressions.

1271
The Stories Behind Scars
fanpop

Everybody has scars. Usually these marks carry a negative connotation because they mark up skin that was once smooth.

Keep Reading...Show less
writing
Green Chameleon

Welcome to June on Odyssey! Our creators have a fresh batch of articles to inspire you as you take a break from campus life. Here are the top three response articles of last week:

Keep Reading...Show less
Relationships

No Boyfriend, No Problem

Why it is okay to not be in a relationship when you are 19

2890
No Boyfriend, No Problem
Blakeley Addis

I think that as a 19 year old girl that is in college, we often get caught up in the idea of being in a relationship.

Keep Reading...Show less

Subscribe to Our Newsletter

Facebook Comments