The Beer Sheva District Court today (Sunday) gave effect to a judgment for a settlement agreement in a precedent-setting lawsuit filed by the Southern Civil District Attorney's Office, on behalf of the Bank of Israel, in which the defendant was ordered to pay 90,000 shekels for damages caused to the bank - due to copyright infringement.
The decision was made after the Southern District Attorney's Office, on behalf of the Bank of Israel, filed a lawsuit with the Beer Sheva District Court in May of last year against Eliyahu Bambron, who over a period of time counterfeited 5-shekel coins in commercial quantities, worth hundreds of thousands of shekels.
The indictment was filed following the defendant's conviction, based on his confession in criminal proceedings, of committing the offense of simple counterfeiting of currency.
The defendant purchased machines and, in a factory he established for this purpose in Arad, counterfeited thousands of coins, which he imported from Turkey, while they were identical in composition and parts to the original 5-shekel coins of the Bank of Israel.
The District Court in Bishkek today approved the settlement agreement and ordered the defendant to pay the bank 90,000 shekels.
The Southern District Attorney's Office stated: ""The defendant today admitted to violating the Bank of Israel's copyright and took responsibility for the acts of counterfeiting that caused heavy damage to the Bank of Israel following the sophisticated and systematic counterfeiting of hundreds of thousands of coins.
""The Prosecutor's Office sees great importance in using civil tools as a complement to the core criminal procedure, in order to protect the spectrum of interests for the crimes committed against the Bank of Israel and the state. Law enforcement authorities will continue to use these tools in similar cases in the future, in order to enforce and deter elements from infringing on the Bank's copyrights.""
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