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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

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.

December 4, 2019

What the extradition of alleged Israeli broker scam perpetrator Gal Barak to Austria means for European fight against scams and cybercrime

Finally, it happened! Tens of thousands of scam victims in the EU have been waiting for this for months. EFRI has sent petitions to the..

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..

September 21, 2019

Yukom Case – Liora Welles sentenced to 14 months and $2.2 Mio restitution payment! More fraud and more investigations!

California native Liora Welles, who is also an Israeli citizen, burst into tears when U.S. District Judge Theodore D. Chuang read out her sentence in..

September 19, 2019

Yukom Case – New arrests, restitution payments, postponed sentencing, and CFTC complaint

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..

September 2, 2019

The sentencing of binary options and fund recovery fraudster Austin Smith expected tomorrow!

The sentence of binary options fraudster and fund recovery perpetrator Austin Smith is scheduled in the U.S. tomorrow. The New York-born Israeli Smith was one..

August 17, 2019

Yukom Binary Options Fraud Case – Follow the money! Fibonatix, Payobin and other involved payment services providers

The Yukom Enterprise binary options fraud scheme, currently being prosecuted by the U.S. Prosecutors and sued by the U.S. Commodity and Futures Commission (CFTC) for..

August 16, 2019

CFTC asks court to permanently ban employees, affiliates, and attorneys in Yukom Enterprise fraud scheme

The CFTC’s lawsuit against Yossi Herzog, Kobi Cohen, Lee Elbaz, and their participating partners and companies – the CFTC calls this network of companies Yukom..