Barry J. Pollack | FinTelegram News

Tag: Barry J. Pollack

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.

August 9, 2019

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..

August 7, 2019

Lee Elbaz trial – juror dismissed after a strange incident

After the jury in the trial against Lee Elbaz continued to deliberate on Monday, a surprising event popped up on Tuesday. A juror had to..

July 31, 2019

Yukom Case – Lee Elbaz blames client-victims and justifies systematic lying

Lee Elbaz stood trial on Tuesday to tell the jury that she may have lied to clients about her name and her experience in financial..

July 25, 2019

Lee Elbaz Jury Trial Day 6 – FBI agents explained SpotOption involvement in account manipulations

Lee Elbaz is on trial for the $150 million binary options scam around Yukom Communications. Allegedly, she wanted investors to lose profits from their trades..

July 23, 2019

Lee Elbaz Jury Trial Day 4 – former boiler room agent about SpotOption involvement, lies and client manipulations

The Yukom Case and Lee Elbaz jury trial continued on Monday. The prosecutors called the former Yukom employee, Liora Welles, as a witness. The Californian-born..

July 19, 2019

Yukom Trial – about boiler room vampires and systematic lies to investors

On the second day of the Lee Elbaz trial former Yukom employee Shira Uzan took the stand and told the jury that Elbaz coached her on how to lie to investors to bring in more cash.

TikTok Takedown: America’s Digital Iron Curtain or Silicon Valley’s Secret Weapon?

The recent ruling by the U.S. Court of Appeals for the District of Columbia Circuit has sent shockwaves through the social media industry, upholding a law that could effectively ban TikTok in the U.S. The ruling cited national security concerns. This decision marks a significant escalation in the ongoing tension between the U.S. government and Chinese-owned tech companies.

Truong My Lan: A Tycoon’s Fall from Grace and Vietnam’s $44 Billion Financial Scandal!

The dramatic downfall of Truong My Lan, one of Vietnam’s most prominent property magnates, has sent shockwaves through the country's financial and political systems. The 68-year-old former billionaire is at the center of one of the largest financial frauds in history, a scandal that has not only exposed vulnerabilities in Vietnam’s economy but has also highlighted the intricate relationship between business and politics in the country.

Cash Cow Crypto: U.S. CFTC Enforcement Sets Records in FY 2024 with $17.1 Billion in Monetary Relief!

The U.S. Commodity Futures Trading Commission (CFTC) achieved a landmark year in FY 2024, securing over $17.1 billion in monetary relief, including $2.6 billion in civil penalties and $14.5 billion in restitution. The agency’s groundbreaking actions spanned digital asset (crypto) markets, voluntary carbon credits, and major compliance cases, highlighting its leadership in safeguarding market integrity.

U.S. DOJ’s Whistleblower Pilot Program: 250+ Tips in Just Months!

Whistleblowers are the only effective way to fight financial crime. The U.S. DOJ whistleblower pilot program has already proven effective, generating over 250 tips of potential misconduct since its launch in August, according to Principal Associate Deputy Attorney General Marshall Miller. According to a Reuters report, the initiative targets corporate malfeasance and encourages internal self-disclosure by companies.

Online Gambling: Lokinvestigation in Curaçao, its Maltese Connections, and How to Shut Down!

For many years, the far-far-away Curacao was the regulatory mecca of global online gambling. But that is over. The Lokinvestigation, spearheaded by opposition politician and forensic investigator Dr. Luigi Faneyte, reveals systemic failures and alleged corruption in Curaçao’s online gambling sector. With ties to Maltese investors and global financial networks, the report demands transparency but also carries political implications.