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Posts tagged as “Lee Elbaz”

Yukom Scheme – The role of Shalom Peretz and why the BinaryOnline and Finarix scam broker sites are still online

In the US, the Yukom scheme is being prosecuted in court both by US prosecutors and by the regulator U.S Commodity and Futures Exchange Commission (CFTC). The former CEO of the Israeli binary options scheme Yukom, the Israeli Lee Elbaz, was sentenced in December 2019 for binary options fraud to 22 years in prison and a $28 million restitution payment. The two beneficial owners of the scheme, Yossi Herzog and Kobi Cohen, were also indicted by U.S. attorneys but remain at large. Their current whereabouts are unknown to FinTelegram. Currently, the role of the alleged Israeli co-conspirator Shalom Peretz and the scheme's Bulgarian activities are being questioned by the authorities.

Yukom Trials – Boiler Room CEO Lee Elbaz sentenced to 22 years prison term and 28 million restitution payment

In the sentencing the US Judge Theodore Chuang says Lee Elbaz, the former CEO of the Israeli binary options scheme scheme operator Yukom Communications Ltd, was responsible for the targeting of elderly, vulnerable victims in the $140 million fraud. Elbaz, in turn pointed her finger at her former bosses, the Israeli Yossi Herzog and Kobi Cohen.

Yukom Case – US Court asks for more information on the loss before sentencing former Yukom CEO Lee Elbaz

In August 2019, a jury unanimously found the former CEO ofbinary options scam operator Yukom Enterprises, the Israeli Lee Elbaz, guilty of investment fraud. Previously, five former employees had already pleaded guilty and testified as witnesses of the charges against her former scheme leader. The Court asked the parties for a joint calculation of total loss for investors.

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