People like him give Israelis a bad name and make new immigrants warn their friends against coming to Israel, which is bad for both immigration and tourism, which hurts the Country financially and Israel's (and Jews in general) reputation abroad. Hazan should not only be forced to return the money, but should also be placed in jail for fraud, and have ALL his financial holdings gone over with a fine tooth comb as an example to other would-be scam artists who would take advantage of new olim.
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White House: Davutoglu's departure won't affect Turkey-U.S. cooperation against ISIS (Reuters)