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Tel Aviv Court Convicts UTrade Analyst in NIS 77M Fraud

9/7/2026

Summary

Story summary

The Tel Aviv District Court convicted UTrade analyst Roy Cuzin of aiding fraud that stole about NIS 77 million from 600 clients.
Cuzin pleaded guilty to multiple counts of aiding aggravated fraud and admitted presenting false return figures.
Cuzin helped owner Aviv Talmor persuade clients to accept repayment plans and loss-protection agreements despite cash shortages.
He was arrested in Mexico in July 2025, extradited in December, and returned to Israel in January 2026.

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Story summary

The Tel Aviv District Court convicted UTrade analyst Roy Cuzin of aiding fraud that stole about NIS 77 million from 600 clients.
Cuzin pleaded guilty to multiple counts of aiding aggravated fraud and admitted presenting false return figures.
Cuzin helped owner Aviv Talmor persuade clients to accept repayment plans and loss-protection agreements despite cash shortages.
He was arrested in Mexico in July 2025, extradited in December, and returned to Israel in January 2026.