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Tag: insurance collateral fraud

Vesttoo Seeks to Recover $200M+ from Co-founders Bertele & Lifshitz

Vesttoo fraudulent LOCs

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.

Published September 18, 2023
Categorized as Show on Homepage Tagged insurance collateral fraud, insurtech Vesttoo, LOC fraud, Vesttoo

Vesttoo Says Fraud Investigation Is Advanced, Confirms Removal of Restraining Orders

Vesttoo fraudulent LOCs

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.

Published August 16, 2023
Categorized as Show on Homepage Tagged insurance collateral fraud, LOC fraud, Vesttoo
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