DOJ launches criminal investigation into camps owner Simad Holdings, David and Michael Shabsels
The Department of Justice launched a grand jury investigation into Simad Holdings and its controlling shareholders, Michael and David Shabsels, according to a filing on the Tel Aviv Stock Exchange. The U.S. Attorney’s Office for the Eastern District of New York is conducting the investigation. As part of the probe, Simad received a request to hand over documents. The company also mentioned it is aware of a separate civil investigation brought by the U.S. Attorney’s Office for the Southern District of New York into Paycheck Protection Program (PPP) fraud. Simad said it is cooperating with the investigations. This marks a […]
This article originally appeared on The Real Deal. Click here to read the full story.
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