A six-month investigation has revealed Financial advisers with legitimate Broker licences including Israeli “Wolf of Wall Street” – ‘Talmor’, have rorted individuals out of cash on an industrial scale. Talmor’s business was controlled by another Israeli with deep Australian connections by the name of Yossi Herzog, who is now on the run from charges brought by the US Department of Justice. Herzog is accused of fleecing more than $200 million from unsuspecting customers, including Australians. It is a story that reflects poorly on the state of the Australian law and ASIC as a regulator.
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