In the US, the Yukom scheme is being prosecuted in court both by US prosecutors and by the regulator U.S Commodity and Futures Exchange Commission (CFTC). The former CEO of the Israeli binary options scheme Yukom, the Israeli Lee Elbaz, was sentenced in December 2019 for binary options fraud to 22 years in prison and a $28 million restitution payment. The two beneficial owners of the scheme, Yossi Herzog and Kobi Cohen, were also indicted by U.S. attorneys but remain at large. Their current whereabouts are unknown to FinTelegram. Currently, the role of the alleged Israeli co-conspirator Shalom Peretz and the scheme's Bulgarian activities are being questioned by the authorities.
Posts published in “Yukom”
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.
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.
The binary options and funds recovery fraudster Austin Smith, a dual US and Israeli citizen, was sentenced a year-and-a-day prison term on November 22, 2019.…
On August 7, 2019, a U.S. jury found Lee Elbaz, the former CEO of binary options operator Yukum, guilty of investment fraud. The Court ordered…
On Monday, another Boiler Room agent from the Yukom scheme was sentenced in the USA. New York-born Israeli Yair Hadar was sentenced to 8 months…
As expected, the Yukom case involving binary options fraud with BinaryBook and BigOption, which is being indicted in the United States, is developing into a…