Sapphire Network

An ABC investigation has exposed an international investment fraud network that allegedly operated from Israel and scammed more than 4,000 Australians out of hundreds of millions of dollars. Among the victims: a man who lost $125,000 after being unable to withdraw his money.

An investigation by the Australian Broadcasting Corporation (ABC) has exposed an investment fraud network operating from Israel since 2021, which lured over 4,000 Australians, among other things, through fake news articles. The network, which the investigation claims is run by Israeli Shefi Goldberg, is estimated to have raked in hundreds of millions of dollars from its victims, which were...