Alleged theft by ex-Intel employee and supplier uncovered
Title: Intel Israel Accuses Former Employee and Supplier of Massive Fraud
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Let's dive into the juicy details of the latest scandal rocking Intel Israel. Former employee Natalia Avtsin and ex-component supplier Yafim Tsibolevsky find themselves in hot water, with accusations of embezzling a whopping NIS 3 million ($842,000) over a yearlong period from October 2023 to November 2024. You heard it right – they're in court for this little gem!
Here's a quick breakdown of how Avtsin and Tsibolevsky allegedly pulled off this grand heist: Avtsin, who worked in Intel Israel's hardware production department, would request price quotes from Tsibolevsky and then, cleverly, change the transaction classification from "components" to "services," bypassing some crucial verification protocols. This sneaky move allowed their operation to go undetected for quite some time.
It's important to note that Intel Israel was a little more lenient with service payments compared to component payments. So, without a signed delivery note or confirmation receipt, Tsibolevsky could craft his invoices and rake in the cash. Had the purchase been classified differently, however, Energy Electronics 2000 - Tsibolevsky's registered company - would have raised red flags, and they'd be asking themselves, "Why am I suddenly swimming in cash?"
Looks like they owed some of that friendship to Avtsin, who is said to have assisted Tsibolevsky by issuing invoices that never exceeded $20,000. Smart move, Avtsin! By keeping the volumes in check, she ensured that her manipulations wouldn't be as suspicious as they could have been.
But wait, there's more! Intel Israel's investigation discovered potential third-party involvement in some operations. It seems that certain transactions were channeled through Levanon Kogan, a purchasing services company that wasn't registered with Intel. Though Levanon Kogan hasn't been charged with any wrongdoing, they certainly paint a puzzling picture along with Avtsin and Tsibolevsky.
Speaking of, the Haifa District Court is currently dealing with Intel's lawsuit against Avtsin and Tsibolevsky, requiring the defendants to cough up the stolen funds and any profits they made off them.
Stay tuned for updates on this thrilling saga as more details emerge! To keep yourself in the know with all the latest tech news (and avoid any nasty scandals), be sure to sign up for our newsletter! Now, wasn't that a juicy read? 😉
The technology sector occasionally finds itself in the general-news headlines, as was recently the case with Intel Israel, where a former employee and supplier were accused of a massive NIS 3 million fraud from October 2023 to November 2024. The crime-and-justice system is currently handling the lawsuit involving Natalia Avtsin and Yafim Tsibolevsky.
