$55m Fraud Case Reveals Cracks in Israel's Exclusive Diamond Exchange Club

Alleged 55 million dollar theft by a diamond dealer from the mighty and ultra-secure Israel Diamond Exchange leaves jaws agape and 12 traders facing possible bankruptcy. How could that have happened?

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“For seven months Hanan Abramovich told us stories – there is money, there isn’t money. He kept saying ‘God will provide’ and making promises. We counted 12 different stories. All the scenarios imploded....