Israeli-American businessman Michael Fein was extradited to the US from Israel Thursday on charges relating to a $28 million fraud scheme linked to investment properties in Missouri and Oklahoma, the US Justice Department announced in a press release.
According to the department, Fein, now 47, was indicted in 2020 on felony bank fraud and wire fraud charges for “routinely providing false information on loan applications” for the purchase of apartment complexes for his property management firm T.E.H. Management.
US authorities were able to recently locate Fein in Israel, the press release said, and Israeli authorities approved his extradition after a request was made to the Justice Ministry.
“I’m very pleased that Michael Fein will be returned to St. Louis to face trial on the accusations that he fraudulently obtained millions of dollars,” US Attorney Thomas C. Albus said…
This involves defrauding the state or using government systems to steal from individuals.
- Tax Identity Theft: A criminal uses your ID and income details to file a tax return in your name and claim a refund before you do.
- Grant/Benefit Fraud: Falsely claiming unemployment, disability, or social grants that the perpetrator is not entitled to.