In March 1996 he was indicted on charges of an $18 million tax evasion in corporate taxes as head of a Teva subsidiary, Promedico. In 1998 he was convicted by the Jerusalem district court, but was acquitted by the Supreme Court of Israel in 2000. Hurvitz received honorary doctorates from the Technion Israel Institute of Technology in 1990, the Weizmann Institute of Science in 1994, Ben-Gurion University in 2002 and Tel Aviv University in 2004. In 2002, he received the Israel Prize, for lifetime achievement and special contribution to society and the State. In 2005, Hurvitz was named Business Leader of the Decade by Dun & Bradstreet. From 2002 to 2005 he served as a member of the International Council of the Belfer Center for Science and International Affairs. In 2006, Forbes estimated his wealth at $500 million and listed him as the 30th-richest Israeli. In 2011, he received the honorary award of the Ariel University Center of Samaria. Horowitz received the award for his many years of promoting high-tech industry, economy and society in Israel.