Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
Back to profile4 entries
2022
Separate creditor-fraud allegations
Boaz Yona was arrested in a later investigation alleging creditor fraud, money laundering, and concealment of assets. These allegations were separate from Heftsiba’s original collapse.
2008
Criminal conviction of Boaz Yona
The former chief executive pleaded guilty to fraud, forgery, theft, falsification of corporate records, and related offences connected with the company’s failure.
2007
Heftsiba financial collapse
The company continued marketing apartments despite its inability to complete some projects, leading to a collapse that affected approximately 10,000 households and generated extensive scrutiny of management and lenders.
2006
Disputed West Bank land and construction
Peace Now and other critics alleged that land used for certain Heftsiba developments had been obtained through forged documents and impersonation of Palestinian landowners. The Israeli Supreme Court subsequently ordered construction to stop at several sites.