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Tag: Lee Elbaz

November 15, 2020

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.

September 4, 2020

Binary Options Court Season – The Great Manipulation Game

The Israeli boiler room CEO Lee Elbaz was already convicted of investment fraud by a U.S. jury in August 2019. She must serve 22 years in prison and repay $28 million to investors. In Vienna, the Israeli Gal Barak has been sentenced to four years imprisonment without probation and the confiscated millions will be repaid to his victims. In the U.S. and Canada, regulators are suing the notorious Canadian-Israeli Cartu Brothers for binary options fraud. Accusations of lies and systematic manipulation are the very essence of the charges and complaints.

September 2, 2020

Vienna Cybercrime Trials – The implications of the Gal Barak sentencing

The judge in the Vienna Cybercrime Trials sentenced Gal Barak, the Israeli principal of the cybercrime organization around E&G Bulgaria to four years imprisonment. Without probation. In addition, €2.5 million were seized and confiscated and are available for restitution payments to Austrian victims. This Austrian indictment was only the first step in the fight of the EU authorities against Barak and his organization. The indictment against his wife Marina Barak has already been served. Further indictments and convictions will follow.

August 29, 2020

Binary Options Legacy – SEC obtains judgement against LBinary and Ivory Option scammers

The U.S. SEC charged the two Israeli citizens Anton Senderov, 35, and Lior Babazara a/k/a Lior Bar, 38, with defrauding more than 2,800 U.S. investors and causing them to lose over $5 million through the binary options scams LBinary and Ivory Option. On August 27, 2020, the agency obtained an order approving a final motion for a consent judgment.

August 13, 2020

Yukom Scheme – Yossi Herzog in Odessa and Kobi Cohen in Kinshasa

We have recently requested information on the whereabouts of the two beneficial owners behind the binary options fraud scheme being pursued by the U.S. authorities around the Israeli Yukom Communications Ltd. Specifically, we wanted to know the whereabouts of Yossi Herzog, the former boss and teacher of the already convicted Lee Elbaz. Rumors in Tel Aviv wanted to know that he is in Russia. In fact, however, he might be in Odessa, Ukraine.

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.

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.

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 20, 2019

The Australien iSignthis scandal and the network of people and entities behind it [part 1]

Yossi Herzog is the mastermind behind some big binary options and forex scam schemes such as Yukom. He and his partner Kobi Cohen have been active across the globe and left their bloody trail also in Australia.

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..

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.