Under-fire Israeli insurtech Vesttoo, which is at the heart of a letter of credit (LOC) fraud scandal, is now claiming hundreds of millions of dollars back from its two ousted co-founders.
Tag: insurance collateral fraud
Vesttoo Says Fraud Investigation Is Advanced, Confirms Removal of Restraining Orders
Israeli insurtech Vesttoo has confirmed that both the federal court in New York and the courts in Israel have removed temporary restraining orders freezing its assets.