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Posts tagged as “Lee Elbaz”

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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