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Eighty-seven-year-old Holocaust survivor defrauded of his life savings – $2.8 million – by a woman he met on a dating website, Justice Department says.
By World Israel News Staff
An 87-year-old Holocaust survivor was defrauded of his life savings by a Florida woman he met online, the U.S. Justice Department announced last week.
The victim met the suspect, identified by the Justice Department as 36-year-old Peaches Stergo, on a dating website in early 2017.
Over the course of four years, authorities said, Stergo bilked her victim of $2.8 million as part of a romance scam.
Stergo then used the money to live a “life of luxury,” said Damian Williams, the United States Attorney for the Southern District of New York.
“Peaches Stergo stole the life savings from an 87-year-old Holocaust survivor who was just looking for companionship. This conduct is sick – and sad.”
“Using the millions in fraud proceeds, Stergo lived a life of luxury, purchasing a home in a gated community and a Corvette, taking vacations at hotels like the Ritz Carlton, and buying thousands in designer clothing, while at the same time causing her elderly victim to lose his apartment. Thanks to the hard work of the FBI and this Office, Stergo is being held accountable for her fraud.”
The Justice Department said that in 2017, Stergo convinced the victim to lend her money in order to pay her lawyer, whom she claimed had refused to transfer funds she needed from an injury settlement.
From early 2017 to October of 2021, the victim wrote Stergo 62 checks, with Stergo claiming in each instance that her accounts were about to be frozen, thus preventing her from paying back her previous loans to the survivor.
As part of her scam, Stergo impersonated a bank employee and used falsified emails and fake letters to fool her victim.
In January, Stergo was arrested. She has since pleaded guilty to one count of wire fraud.
Stergo faces up to 20 years in prison, with her sentence expected to be handed down on July 27. As part of her plea bargain, Stergo agreed to pay back $2,830,775, and to forfeit over 100 luxury items, including Rolex watches, designer purses and clothing, and large amounts of gold and jewelry.
The post Florida woman admits to bilking Holocaust survivor out of his life savings appeared first on World Israel News.
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China and the US are moving in polar opposite directions: Beijing is rapidly becoming the center of overseas investments in high tech industries, In contrast, Washington is pursuing a predatory military pivot to the least productive regions with collaboration from its most barbaric allies, like Saudi Arabia.
The post China’s Pivot to World Markets, Washington’s Pivot to World Wars… appeared first on Global Research.
Hydrogen is becoming a renewable energy gamechanger, and one startup is solving its storage and transport complexities with the push of a button.
By Naama Barak, ISRAEL21c
Hydrogen is fast becoming recognized as a renewable energy gamechanger that will help us to finally bid bye-bye to polluting fossil fuel. The trouble is, it’s a gas – and that’s no easy thing to get from one place to another, or to store.
“Hydrogen is the lightest element in nature,” notes Baruch Halpert, the CEO of Israeli startup Electriq.
“You usually store it in very big, high-pressure gas cylinders, and then its energy density is very low, and there are also many safety issues. To turn hydrogen into the fuel of the 21st century, new ways of storing and releasing are being developed,” he says.
“There’s a way to store it in powder form, which we’ve substantially improved. We do it in a much more effective way that solves a lot of problems — a very elegant way for end consumers to store and use hydrogen.”
Electriq’s powder hydrogen, called KBH4, is inert and non-flammable. It is safe to transport, can be used off the grid, and is released into liquid form at the press of a button, much like a cup of coffee.
“When you want an espresso, you make it on the spot using water, coffee beans and mechanical equipment,” Halpert notes.
Similarly, “We know how to create hydrogen on demand, in real time, by mixing powder and water in a catalytic process.”
Taking the coffee metaphor a step further, he says that the easy-release system that revolutionized the coffee world – the capsule – is not unlike the way that the hydrogen world can be revolutionized.
“Espresso machines have always been around, but you needed to mess around with the grinding, and add water and everything, and that’s why they were mostly used in coffee shops,” Halpert says.
“At the beginning of the 21st century people began understanding that hydrogen is the story and that we need to accelerate the use of hydrogen solutions.”
“But once coffee capsules came into play, it turned making an espresso into something anyone can do. And this is what we’re doing for hydrogen regarding certain categories of end users.”
Electriq’s customers can be “anyone who uses a generator and will need to switch from diesel generators to ones based on green energy, and customers interested in backup power.”
Electriq had its founding seed round in 2018 and has since seen investment of approximately $20 million from Australian, European and Israeli investors. It has 30 employees in Israel, as well as some in The Netherlands and Australia.
“The R&D was very difficult, and so was identifying the market segment that we were aiming for,” Halpert admits. Having first aimed at the automotive industry, the company realized it wouldn’t be feasible.
“The more we delved into the technology and the existing solutions in the market, the more we realized that it would take us too much time to reach the automotive industry. So we turned to the off-the-grid and backup power market.”
“Staffing was also an issue, because there was no hydrogen industry in Israel, and around the world it was still very nascent. We’re pioneers. We take very talented chemistry people and turn them into hydrogen people,” he explains. “We call our team blue-and-white hydrogen pioneers.”
The company’s solutions are not yet on the market. Commercialization is expected in the next couple of years, Halpert notes.
“Our product now was two working prototypes. One of them has already been running for two years, and last September we finished the second one, which we’re using as an R&D/demo system for the Dutch market, and we’re in the process of planning and building our market product.”
In addition to courting potential clients, Electriq has a cooperation agreement with Amsterdam Port, where it will establish its first plant to create the powder, to be in operation by 2026.
“Our plan is to establish as many factories developing powder as possible around the world,” he says. “To deploy thousands of systems by the end of the decade and to become the standard regarding everything to do with hydrogen-based systems for the off-the-grid and backup power sectors.”
Halpert sees great enthusiasm in the market for hydrogen solutions and a willingness to adopt new technologies.
“At the beginning of the 21st century, there was a shift in the global market – people began understanding that hydrogen is the story and that if we really want to reach decarbonization results, we need to accelerate the use of hydrogen solutions.”
The post Pioneering Israeli company turning hydrogen into powder appeared first on World Israel News.
The bid by the two countries to move toward a new chapter is a glaring example of how things have changed in the region over the past decade.
By Associated Press
Tunisian President Kais Saied met Tuesday with Syria’s chief diplomat and said his country wants to boost bilateral cooperation and preserve “historical ties of brotherhood” with Damascus, the official TAP news agency reported.
Diplomatic relations between Syria and Tunisia have been cut since 2012 during the civil war that followed President Bashar Assad’s crackdown on mass protests against his rule. Syrian Foreign Minister Faisal Mikdad’s three-day visit to Tunisia is meant to help restore relations, the Tunisian Department of Foreign Affairs said in a statement.
Mikdad had a meeting Monday evening with his Tunisian counterpart Nabil Ammar shortly after his arrival.
President Saied stressed Tunisia’s willingness to intensify cooperation in a range of bilateral issues and on the common cultural bonds, TAP reported.
The bid by the two countries to move toward a new chapter is a glaring example of how things have changed in the region over the past decade: Tunisia was the birthplace of the Arab Spring pro-democracy movements that spread as far as Syria in 2011, and was long among Assad’s strongest critics. But today, Tunisia’s leadership is swinging back toward authoritarianism and is allying anew with Assad’s Syria.
Earlier this month, the Tunisian president ordered the appointment of an ambassador to Damascus, after the Syrian government’s decision to reopen its embassy in Tunis and appoint an ambassador.
In February, Saied announced his decision to raise the level of Tunisian diplomatic representation in Damascus and said that the crisis facing Assad’s government was “an internal matter that concerns only the Syrian people.” The move was made at the same time Tunisia was sending urgent humanitarian aid to Syria following the earthquake that killed tens of thousands there and in neighboring Turkey.
Mikdad’s visit to Tunisia is the second leg of a trip that began in Algeria, one of the few Arab countries that maintained diplomatic relations during Syria’s civil war.
It comes as influential Tunisian Islamist leader Rached Ghannouchi was detained after a police search in a move denounced by his supporters as a stepped-up effort by the president to quash Tunisia’s opposition. Ghannouchi, head of the Ennahdha party, is the most prominent critic of Saied.
Last week, Mikdad also traveled to Saudi Arabia.
Syria was widely shunned by Arab governments over Assad’s 2011 crackdown on protesters and was ousted from the Arab League. However, in recent years, as Assad consolidated control over most of the country, Syria’s neighbors have begun to take steps toward rapprochement.
The post Syria, Tunisia move to restore diplomatic relations appeared first on World Israel News.
A Palestinian from Nablus (Shechem) attempted to wave a flag of Fatah’s al-Aqsa Martyrs’ Brigades in the Temple Mount Plaza Tuesday and was met with a barrage of water bottles, chairs, and other objects from Hamas supporters, who seek to take down the yellow flag of their rivaling movement where they find it, and especially if that place happens to be near al-Aqsa. (Courtesy Abu Ali Express)
The post HAMAS v. FATAH: Violence on the Temple Mount despite no Jews present appeared first on World Israel News.