Press "Enter" to skip to content

Posts tagged as “Kobi Cohen”

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

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…

Yukom Cybercrime Case – Former Binary Options CEO Lee Elbaz is to pay $28 million in restitution; Update on the latest developments

The Binary Options Fraud Virus Pandemic is stopped after the ban by regulators in different jurisdictions. However, the next mutant generation is already active. Legislators and law enforcement must fight against it. The Israeli Yukom case indicted in the USA is an important role model in this respect.

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.

© 2020 Financial Intelligence Bureau Ltd