For nearly a year, FBI agents had been tracking an Israeli businessman working for a local phone company.

CENTERFORSECURITYPOLICY: Center For Security Policy

On March 29th, in a deal with prosecutors, Zvi Sperling, an Israeli-born Los Angeles businessman, pleaded guilty to a single count of conspiring to defraud the U.S., a felony.

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Some believe that a recent espionage indictment in Cairo against an Israeli-Arab businessman was designed to deter them from looking for business there.

ECONOMIST: Israel and the Arab world

But according to businessman Joshua Rowe, who is involved in Israeli charities here, that is a red herring.

BBC: UK communities divided over violence