2 thoughts on “Shin Bet Officials Stole Millions of Shekels – Tikun Olam תיקון עולם إصلاح العالم
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  1. It is actually quite easy to embezzle this kind of money – for low to mid-level accounting/money personnel – both in business and in government.

    Walla was pumping this up as a major-major affair (e.g. involving ralyl high ups) – it turns out this particular case isn’t so notable.

    In YES (Israel’s sat TV company) – [http://www.mako.co.il/finances-magazine/Article-5e431c42993b751006.htm] – a relatively junior account managers stole 24 million shekels over a few years.

    How do you do it? Fake accounts, while sticking to normal procedures. A conspiracy with 2 people (as in the Shabak) could really take much-much more than just 2 million shekels. Skimming off 0.1% of a budget isn’t so hard – the question is whether you get caught in the end or not (to succeed in this for some years is not so notable – many cases in the US and in Israel…. To do this undetected until your natural death is harder).

    1. @ lepxii: As a former synagogue administrator who had to worry about precisely this sort of matter–no it isn’t. Not if you have proper security procedures in place and people overseeing those who handle money. Clearly Shabak, whose mission is security, didn’t have its own financial security in order. Which is absolutely inexcusable.

      Again, $500,000 IS notable. THough apparently so much money passes through your hands that it isn’t.

      To do this undetected until your natural death is harder).

      So you would only concede this is a major scandal if the two Shabak staff had gotten away with the scam and taken it to their graves. Which means, of course, none of us would ever have known about it. Those are pretty strange standards…

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