Leumi and Tefahot Implicated in Los Angeles Tax Evasion Case, Bloomberg Reports

According to an indictment against a former Israeli businessman, the alleged tax evasion took place between 2003 and 2010, and involved the opening of a bank account in Israel.

A former Israeli businessman now living in California, Zvi Sperling, has admitted that he was assisted by two Israeli banks to evade paying taxes in the...