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Posts published in “Cybercrime”

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.

Lithuanian fintech scene exposed – New allegations and US indictment against Allied Wallet founder Ahmad Khawaja and his Lithuanian connections

In June 2019, Allied Wallet Inc and its beneficial owner Ahmad "Andy" Khawaja settled a complaint with the U.S. Federal Trade Commission (FTC). Allied Wallet, Ahmad Khawaja, its chief operating officer, Mohammad Diab, and its former vice president of operations, Amy Rountree, agreed to settle the FTC complaint that it knowingly processed payments for businesses that were committing fraud. Khawaja apparently unfolded fintech activities in Lithuania.

Binary Options Scam – Luxery Yachting Cruise with Option888 victims’ money

In the course of the investigations around the binary option and broker scams of the German Uwe Lenhoff and his Israeli partner Gal Barak, new horrors appear almost daily. The two and their accomplices have led a luxury life at the expense of the victims of their broker scams such as Option888, XMarkets, SafeMarkets, XTraderFX, OptionStarsGlobal or Golden Markets.

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