Financial Misconduct

An in-depth audit at Cohen Properties revealed that controlling shareholder Mike Cohen withdrew more funds than previously reported. Cohen is stepping down as CEO but will remain on the board. Despite the need to restate past financial reports, the company is taking active steps to stabilize its liquidity and recover the funds.

The Israel Securities Authority (ISA) has launched an investigation into Netanel Group following the company's use of corporate funds to finance private events for controlling shareholder Aryeh Netanel. The firm has admitted to significant internal control failures.