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The Entrepreneur Who Promised Dozens of Israelis Cheap Real Estate in Canada and Ran Away with the Money

Summary by Mako
IOFI, a company run by entrepreneur Eddie Friedman, offered Israelis to join a group purchasing land in Canada and make a "flip" deal. • In practice, at the moment of truth, the entrepreneur disappeared with the money. • A reservist who discovered he had lost all his savings: "I was discharged and realized that the hardest war begins at home."
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IOFI, a company run by entrepreneur Eddie Friedman, offered Israelis to join a group purchasing land in Canada and make a "flip" deal. • In practice, at the moment of truth, the entrepreneur disappeared with the money. • A reservist who discovered he had lost all his savings: "I was discharged and realized that the hardest war begins at home."

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mako broke the news in on Sunday, December 14, 2025.
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