Yukom | FinTelegram News

Category: Yukom

April 20, 2021

Chasing Scam Facilitators – The U.S. v. SpotOption, Yukom, GreyMountain Management, et al

Broker scams are like icebergs. You can see only the tip sticking out of the water, i.e., domain, website, offshore entities, and nominees a/k/a monkeys. Underwater or in the darkness of the Internet, the real perpetrators and facilitators are hiding. These scam-facilitators are white label providers, the boiler room operators, marketing and affiliate systems, and the payment processors. In the case of the Yukom scam, these were the boiler rooms in Israel and Mauritius, mostly Israeli payment processors, and the white-label operator SpotOption, which provided the software and trading infrastructure.

December 21, 2020

Convicted Yukum CEO Lee Elbaz seeks to vacant the conviction

Lee Elbaz, an Israeli, was hired as the CEO for the Yukom boiler room in Israel. She managed the fraud on investors under direction and instruction. The U.S. jury found her guilty of fraud. She was sentenced to 22 years in prison and $28 million in restitution payments. On Dec. 18, 2020, she filed the appeal, asking for a vacation of the conviction because her former boss Yossi Herzog, also charged, has not provided testimony. He would have confirmed that Elbaz had no intention to commit fraud, the appeal argues.

November 18, 2020

A GLOBAL BINARY OPTIONS SUPERVILLAIN NETWORK

A few days ago FinTelegram reported that Australian media uncovered the scam activities of the Israeli Yossi Herzog in Australia. Herzog, along with his partner Kobi Cohen and other co-conspirators, has been charged with binary options fraud in the U.S. His former employee Lee Elbaz, as CEO of Yukom scam, has already been sentenced to 22 years in prison and a $28 million restitution payment. Yossi Herzog's scam network is truly global and developed some real supervillains.

November 15, 2020

Binary options supervillain – The Yossi Herzog Story exposed in Australia

Yossi Herzog, charged in the Yukom Case in the U.S. with binary options fraud to the tune of $200 million is one of the alleged supervillains of the binary options era. Apparently, he defrauded tens of thousands of victims out of hundreds of millions with his broker schemes in the U.S., Europe, and Australia. As a result of Australian investigations, the Australian regulator ASIC is now heavily criticized for not having taken action against Herzog and his scams earlier.

August 13, 2020

Yukom Scheme – Yossi Herzog in Odessa and Kobi Cohen in Kinshasa

We have recently requested information on the whereabouts of the two beneficial owners behind the binary options fraud scheme being pursued by the U.S. authorities around the Israeli Yukom Communications Ltd. Specifically, we wanted to know the whereabouts of Yossi Herzog, the former boss and teacher of the already convicted Lee Elbaz. Rumors in Tel Aviv wanted to know that he is in Russia. In fact, however, he might be in Odessa, Ukraine.

August 11, 2020

Looking for Israeli fraud kingpins Yossi Herzog, Kobi Cohen, and vanished Yukom Communications

The U.S. Government claims that Yossi Herzog, Kobi Cohen and their co-conspirators fraudulently operated the Yukom Scheme and defrauded tens of thousands of victims worldwide by some $150 million. The indictment alleges that the defendants and their co-conspirators all worked the Israel-based Yukom Communications Ltd, a purported sales and marketing company owned by Cohen and Herzog. The company vanished since then as did Herzog and Cohen. Law enforcement wants them urgently.

August 10, 2020

Binary Options – Former Yukom CEO Lee Elbaz ordered to pay $28m in restitution, what about her masters?

The Israeli Lee Elbaz is a perpetrator and a victim. As former CEO of the binary options scam operator Yukom, she was found guilty of binary options fraud by a U.S. jury. The court sentenced her to 22 years in prison and now a $28 million settlement. Elbaz is a victim of her greed and wrong judgments in the first place. But for sure she is the victim of her 20 years older mentor Yossi Herzog, a notorious forex veteran, and the schemes owner, principal as well as its mastermind. He is also charged by U.S. prosecutors but remains at large. He needs to be tried to find justice for the victims.

July 18, 2020

Binary Options Fraud – UK authorities probe Israeli lawyer Moshe Strugano

Israeli lawyer Moshe Strugano, 50, was a busy man. He was and one of the lawyers for the fraudulent Yukom binary options scheme. It is well known that Israeli scammers have run myriads of binary options scams worldwide, cheating tens of thousands of small investors out of hundreds of millions. They could not have done this without the legal opinions of their lawyers. Strugano was arrested in early 2019 by City of London police and later released on bail.

July 7, 2020

Update: US Regulator CFTC v. Yossi Herzog et al

FinanceFeeds today reported that the U.S. Commodity Futures Trading Commission (CFTC) has filed a motion for entry of default against the alleged Israeli scam broker Yossi Herzog and a number of entities and individuals involved in the fraudulent activities of his Yukom Communications Ltd.

December 20, 2019

Yukom Binary Options Trial – Israeli Boiler Room CEO Lee Elbaz sentenced to 22 years prison term

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.

November 19, 2019

Yossi Herzog and Kobi Cohen – Wanted for masterminding scam broker schemes across 3 continents

The Israeli Yossi Herzog, who apparently lives in Mauritius, and his Israeli apprentice Kobi Cohen certainly had a better life already. They currently being charged..

November 12, 2019

Analysis and Call for Action – U.S. Government holds Call Center and Boiler Room agents liable for the participation in scam schemes

As the term “criminal organisations” suggests, many people are involved through different hierarchies and responsibilities. It is not only the principals and managers or lieutenants..