Receiver Puts Broker's $2 Million Home Up for Sale

Tzally Grinberg
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The Jerusalem home of convicted embezzler Jay Solomont has been put up for sale for $2 million to offset his debts to various creditors. Advocate Zvi Nixon was appointed the receiver and is handling the sale.

Solomont, former CEO and owner of Direct Capital Investments, was convicted of embezzlement in early 2003. In a plea bargain Solomont was sentenced to 24 months, probation, and a NIS 150,000 fine. Solomont had stolen $200,000 in private allocated funds by transfering the money to his wife's account.

The 360 sq.m. two-story home is located in the prestigious German Colony neighborhood.