In the sentencing, the US Judge Theodore D. Chuang says Lee Elbaz, the former CEO of the Israeli binary options scam operator Yukom Communications Ltd, was responsible for the targeting of elderly, vulnerable victims in the $140 million fraud. Yukom operated the boiler rooms behind the binary options scheme BinaryBook and BigOption. Elbaz, in turn, pointed her finger at her former principals, the Israeli Yossi Herzog and Kobi Cohen. Elbaz's defense line worked at least to a certain degree. She wasn't gieven the 34-year prison term the prosecutor asked the court for.
Posts tagged as “Nimrod Assif”
Lee Elbaz – the guilty verdict and its consequences for binary options scams, boiler rooms, and victims
The jury’s guilty verdict against the Israeli Lee Elbaz for binary options fraud will have a huge impact. Lee Elbaz was CEO of Israeli boiler…