Haaretz – A Tel Aviv judge gave gem merchant Boaz Manor three days to deliver $11.6 million worth of precious stones and metals to his company’s receiver in Israel, or face arrest.
Manor, known in better times as the hedge fund guru, is suspected of fleeing Canada to Israel shortly after steps were taken to liquidate his company, Portus Alternative Asset Management. Manor is believed to have left in order to evade an investigation into suspected embezzlement.
The accounting firm KPMG has been trying to locate assets that had belonged to Portus. Its representative in Israel, David Tadmor, claims among other things that Manor bought diamonds and precious metals using money stolen from the Portus account.
