As reported by Finance Feeds, The Maryland District Court has granted a request by the United States Department of Justice (DOJ) to use alternative means to notify victims of the fraudulent binary options scheme orchestrated by the Israeli Lee ELBAZ. She is the former CEO of Israel-based YUKOM COMMUNICATIONS and a number of her co-conspirators.
The Judge signed an Order establishing that the U.S. prosecutors may provide notice to potential crime victims in the cases linked to the indictment of Lee ELBAZ. The notification will happen through publication on a website maintained by the DOJ as an alternative means to provide information to the victims.
There are at least three cases related to Lee ELBAZ’s case:
- Lissa Mel, also known as “Shira Baror” and “Emily Laski”, was charged on November 16, 2018, by criminal information with one count of conspiracy to commit wire fraud.
- Liora Welles, also known as “Lindsay Cole,” “Lindsay Wells,” and “Lindsay Taylor”. She pleaded guilty to one count of conspiracy to commit wire fraud charged in a criminal information on December 19, 2018. Sentencing has been scheduled for March 22, 2019.
- Shira Uzan who pleaded guilty to one count of conspiracy to commit wire fraud charged in a criminal information on December 21, 2018. Sentencing has been scheduled for March 22, 2019.
YUKOM COMMUNICATIONS was a binary options provider working with white label solutions of the Israeli financial technology provider SpotOption. The company provided investor “retention” services the trading styles BinaryBook and BigOption, promoting and marketing binary options. The U.S. prosecutors charged ELBAZ, along with her co-conspirators and subordinates, with the misleading of investors by falsely claiming to represent the interests of investors but that, in fact, the owners of BinaryBook and BigOption profited when investors lost money.
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