Israeli-Bulgarian Rami Maimon Continues to be linked to Criminal Frauds | The Odyssey Online
Start writing a post
Lifestyle

Israeli-Bulgarian Rami Maimon Continues to be linked to Criminal Frauds

Rami Maimon, an Israeli-Bulgarian national residing in Bulgaria, continues to be heavily active in organized crime and criminal misconduct on a broad scale.

324
Israeli-Bulgarian Rami Maimon Continues to be linked to Criminal Frauds

Rami Maimon, an Israeli-Bulgarian national residing in Bulgaria, continues to be heavily active in organized crime and criminal misconduct on a broad scale. Maimon owns a multitude of construction and real estate companies. He is also involved in casinos and financial service companies, most of which have shut down after defrauding thousands of investors for 10s of millions of Euros.

Maimon has had several encounters with law enforcement agencies in Israel and Europe in the past and has managed to evade prosecution several times. In 2010, Maimon was the alleged mastermind behind a multimillion-euro fraud that not only led to financial damages and bankruptcy of one of the companies that fell victim to the fraud but also led to the suicide of its owner and to the hospitalization of another businessman following a mental breakdown.

As part of the fraudulent scheme, Maimon and his accomplices acted as an organized crime syndicate to take over construction rights for a project to build shops, offices, and underground parking in the Manastirski Livadi area in Bulgaria. Using his company Maiski EOOD, Maimon received the construction rights but did not pay the subcontractor he hired to do the job. He also failed to pay his debt to the National Revenue Agency. As a result of Maimon’s fraudulent actions, the subcontractor – RB Stroy, went into bankruptcy. Construction was halted in March 2010, and Maimon simply hired an additional subcontractor – ET Elera-Slavi Iliev – to complete the job.

Maimon refrained from paying the new subcontractor Elera-Slavi Iliev. Maimon then transferred the partially completed real estate project to a third party illegally using forged documents to avoid owning it when the victim companies filed lawsuits against him. As a result, both RB Stroy and ET Elera-Slavi were left with massive debts to their suppliers and collapsed financially. Slavi Iliev, the owner of Elera-Slavi, could not handle the pressure and committed suicide. His partner underwent a mental breakdown and barricaded himself in his home.

Despite the clear evidence of massive fraud and the concerns that this was not an isolated case, the Bulgarian prosecution eventually declined to move forward with the case. Maimon himself boasted that he would “get away with it”, citing his excellent contacts with prosecutors and law enforcement officials. And he eventually did.

Maimon showed no remorse following this incident and apparently just increased his appetite for ill-gotten gains. He partnered with two notorious financial scammers – Jack Henri Wygodski and Avi Itzokivtz, and together the trio established and ran a series of financial services companies operating out of Bulgaria but providing services worldwide. These companies established several branded websites specializing in Forex, Binary Options, CFDs, and Cryptocurrency trading, and employed hundreds of sales agents whose sole purpose was to find and onboard thousands of unsuspecting victims. These victims were convinced to deposit large sums of money, often part or all of their life savings, in seemingly lucrative online-trading schemes. Once the money was deposited, the victims suffered massive losses suddenly and their accounts were wiped out in a short period of time. In reality, the companies never traded and provided victims with falsified accounts and trading reports.

Following an international investigation by law enforcement agencies in several countries, this financial fraud crime ring was shut down in 2021. Itkovitch and several others were arrested and are awaiting trial. Wygodski went into hiding and is currently a fugitive from the law, wanted by law enforcement agencies in several countries. Maimon once again managed to avoid prosecution, despite his clear involvement in the companies who committed this massive fraud.

The question for many people remains a simple one – how long will Rami Maimon be allowed to continue his massive criminal activity schemes before he is finally brought to justice?

However, it appears that these near-capture incidents have not deterred him from continuing to be involved in organized crime syndicates.

Report this Content
This article has not been reviewed by Odyssey HQ and solely reflects the ideas and opinions of the creator.
Featured

15 Mind-Bending Riddles

Hopefully they will make you laugh.

178235
 Ilistrated image of the planet and images of questions
StableDiffusion

I've been super busy lately with school work, studying, etc. Besides the fact that I do nothing but AP chemistry and AP economics, I constantly think of stupid questions that are almost impossible to answer. So, maybe you could answer them for me, and if not then we can both wonder what the answers to these 15 questions could be.

Keep Reading...Show less
Entertainment

Most Epic Aurora Borealis Photos: October 2024

As if May wasn't enough, a truly spectacular Northern Lights show lit up the sky on Oct. 10, 2024

5412
stunning aurora borealis display over a forest of trees and lake
StableDiffusion

From sea to shining sea, the United States was uniquely positioned for an incredible Aurora Borealis display on Thursday, Oct. 10, 2024, going into Friday, Oct. 11.

It was the second time this year after an historic geomagnetic storm in May 2024. Those Northern Lights were visible in Europe and North America, just like this latest rendition.

Keep Reading...Show less
 silhouette of a woman on the beach at sunrise
StableDiffusion

Content warning: This article contains descriptions of suicide/suicidal thoughts.

When you are feeling down, please know that there are many reasons to keep living.

Keep Reading...Show less
Relationships

Power of Love Letters

I don't think I say it enough...

451288
Illistrated image of a letter with 2 red hearts
StableDiffusion

To My Loving Boyfriend,

  • Thank you for all that you do for me
  • Thank you for working through disagreements with me
  • Thank you for always supporting me
  • I appreciate you more than words can express
  • You have helped me grow and become a better person
  • I can't wait to see where life takes us next
  • I promise to cherish every moment with you
  • Thank you for being my best friend and confidante
  • I love you and everything you do

To start off, here's something I don't say nearly enough: thank you. Thank you, thank you, thank you from the bottom of my heart. You do so much for me that I can't even put into words how much I appreciate everything you do - and have done - for me over the course of our relationship so far. While every couple has their fair share of tiffs and disagreements, thank you for getting through all of them with me and making us a better couple at the other end. With any argument, we don't just throw in the towel and say we're done, but we work towards a solution that puts us in a greater place each day. Thank you for always working with me and never giving up on us.

Keep Reading...Show less
Lifestyle

11 Signs You Grew Up In Hauppauge, NY

Because no one ever really leaves.

22649
Map of Hauppauge, New York
Google

Ah, yes, good old Hauppauge. We are that town in the dead center of Long Island that barely anyone knows how to pronounce unless they're from the town itself or live in a nearby area. Hauppauge is home to people of all kinds. We always have new families joining the community but honestly, the majority of the town is filled with people who never leave (high school alumni) and elders who have raised their kids here. Around the town, there are some just some landmarks and places that only the people of Hauppauge will ever understand the importance or even the annoyance of.

Keep Reading...Show less

Subscribe to Our Newsletter

Facebook Comments