Rishon Lezion, Israel - It was an unlikely scene for what has the trappings of a major scam, an office in a dingy building housing a car repair shop a short drive from the glittering Mediterranean Sea. But from here, eight immigrants from Europe allegedly conspired to dupe major multinational companies out of millions of dollars.

Most of them spoke French, the others Italian. Using their language skills and familiarity with European business practices, they telephoned employees at some of Europe’s biggest companies, identified themselves as top executives and tricked workers into transferring large sums of money to bank accounts in their control, police said. Among the companies targeted, according to police and suspects’ lawyers: Kia Motors, Hugo Boss and Chanel.

It was a classic “fake CEO” or “fake president” scam, a scheme used by criminals worldwide that has robbed companies of some $1.8 billion in just over two years, according to the FBI. Most of the eight suspects in the latest case are either jailed or under house arrest.

But not the man who boasts of creating the scam, which has inspired copycats like these around the globe: French-Israeli con artist Gilbert Chikli. He mysteriously remains a free man, living in luxury in his villa in a seaside Israeli city as French authorities try to bring him to justice over a massive con for which he was previously convicted.... Read More: VIN