22 Years In The Slammer

This article was first published as “Israeli hi-tech mogul gets 22 years in US for fraud” in The Jerusalem Post.

Mouli Cohen

SAN FRANCISCO – American- Israeli hi-tech executive Samuel “Mouli” Cohen received one of the harshest sentences ever meted out in a white-collar crime case on Monday, for having defrauded victims of approximately $31 million.

Found guilty on 29 of 35 counts of wire fraud, money laundering and tax evasion in November 2011, Cohen was sentenced in the United States District Court for the Northern District of California to 22 years in prison.

The fraud he perpetrated led to the collapse of the Vanguard Public Foundation, a privately funded non-profit civil rights and social justice organization with ties to actor Danny Glover and singer Harry Belafonte. Cohen was convicted of soliciting investments between 2002 and 2008 from 50 individuals, most of them associated with Vanguard, and falsely claiming that Microsoft was poised to acquire Ecast, the electronic jukebox company of which he was co-founder and CEO.

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© 2012 Renee Ghert-Zand. All rights reserved.

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