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Cross-jurisdictional law enforcement – US Regulator CFTC serves binary options fraud complaint to Defendants Yossi Herzog, Kobi Cohen, and Shalom Peretz by alternative means

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The US Commodity Futures Trading Commission (CFTC) published a legal notice in The Times of Israel on May 21 in an attempt to inform three Israelis — Yossi Herzog, Kobi Cohen, and Shalom Peretz — as well as the Israeli company Yukom Communications Ltd that they have been sued by the US regulator. The three Israelis are also wanted by the US prosecutors. They are also indicted in the United States on the Yukum case. Former Yukom CEO, Israeli Lee Elbaz, has already been sentenced to 22 years in prison and $28 million in reparations for binary options fraud. Yossi Herzog and Kobi Cohen were her bosses.

In 2016, investigative journalist Simona Weinglass of The Times of Israel drew the attention of the global public to the gigantic Israeli scam industry surrounding the binary options with her series of articles on the Wolves of Tel Aviv. In this respect, it is only logical that the US regulator CFTC uses The Times of Israel to alternatively serve the binary options fraud complaint to alleged binary options attackers – Yossi Herzog, Kobi Cohen, and their co-conspirator Shalom Peretz.

The US regulatory agency CFTC has failed to serve the defendants using the traditional means. Therefore, the competent US court has approved a motion to alternatively serve the defendants and the ad placed in The Times of Israel is one of these alternative means. With the ad published, the CFTC’s claim is deemed to have been served.

Dear law enforcement agencies, prosecutors, regulators and courts: take an example from this approach. Otherwise, there is no chance of prosecuting or suing cybercriminals. These have a tendency to disappear.

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