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Tag: Lee Elbaz

November 12, 2019

Analysis and Call for Action – U.S. Government holds Call Center and Boiler Room agents liable for the participation in scam schemes

As the term “criminal organisations” suggests, many people are involved through different hierarchies and responsibilities. It is not only the principals and managers or lieutenants..

November 11, 2019

U.S. Prosecutors charges 15 more perpetrators in the $140 mio Yukom binary options fraud scheme

Fifteen individuals, including two former company owners, were charged in a superseding indictment unsealed on Nov 8, 2019, the U.S. Department of Justice announced. They..

October 9, 2019

Yukom Case – Court denies request for release of convicted binary options CEO Lee Elbaz

On August 7, 2019, a U.S. jury found Lee Elbaz, the former CEO of binary options operator Yukum, guilty of investment fraud. The Court ordered..

September 24, 2019

Yukom Case – Boiler room agent Yair Hadar sentenced to 8 months prison, community service and $1.2 million restitution payment

On Monday, another Boiler Room agent from the Yukom scheme was sentenced in the USA. New York-born Israeli Yair Hadar was sentenced to 8 months..

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 15, 2019

Yukom Case – U.S. prosecutors and their plans for restitution payments to binary options victims in $140 million fraud scheme

The U.S. prosecutors believe that the binary options scheme perpetrated by Lee Elbaz and her co-conspirators caused losses in excess of $100 million to tens..

Yukom

September 5, 2019

Yukom Case – binary options scheme’s CEO Lee Elbaz faces potential life imprisonment U.S. Government says

On August 6, 2019, the Israeli citizen Lee Elbaz was found guilty of fraud with binary options by a U.S. jury. In total, retail investors..

September 3, 2019

Finance Magnates – Israeli broker scene shattered by Yukom judgments

Between 2012 and 2018, the Israeli binary options industry was the engine of the globally admired startup nation. Simona Weinglass has uncovered the fraudulent nature..

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 31, 2019

Yukom Binary Options Scheme – Boiler Room agent Lissa Mel sentenced to 12 months in prison and significant restitution payment

The U.S. indictment in the $145 million Israeli Yukom binary options fraud scheme with its websites BinaryBook and BigOption has reached a new milestone. Boiler Room agent Lissa Mel, an Israeli citizen, was sentenced to 12 months in prison.

August 21, 2019

The Moneta International Report – A research report on the Binary Options era and its networks

Over the last weeks and months, we have painstakingly worked through the history behind the Moneta International UAB, which is registered in Lithuania as a..

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.