The Supreme Court rejected the appeal by senior executives of former Psagot Investment House

The Supreme Court rejected the appeal filed by senior executives of former Psagot Investment House, the vice president of brokerage, David Edri, and the manager of the trading room, Shay Ben David, for their conviction in running bonds. However, the Supreme Court decided to reduce the sentence to 42 months for Adri and 22 for David. The District Court sentenced Edery to 4.5 years in prison (50 months) and Ben David was sentenced to 2.5 years in prison (30 months).
The Supreme Court offered a compromise to former senior members of Psagot: the appeal was withdrawn in exchange for an easing of punishment
Judge Solberg: "It is permissible to be aggressive, but Edri was convicted because he acted to influence the gate"
The main charges against Edri and Ben David relate to the prices of series of bonds that the state has announced that it intends to buy or expand in September 2007. The two were determined in the verdict, set up a standard plan and worked together to lower the bonds issued through significant sales, Acted to raise the rate of bonds raised through significant acquisitions, while exploiting the economic power of Psagot's nostro account.
The second charge in which the two were convicted relates to the running of Delek Real Estate bonds. Edri himself was convicted in another case of running short-term loans and fraud against the investment house itself.