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Monday, March 23, 2026
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Tag: Forex Place

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.

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.