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Tag: Lee Elbaz

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 U.S. Prosecutors and sued by the U.S. Commodity and Futures Commission (CFTC) for binary..

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..

August 15, 2019

Yukom Case – U.S. CFTC filed binary options lawsuit against Yossi Herzog, his companies and partners

After Lee Elbaz was sentenced by a U.S. jury for fraud with binary options around Yukom and the schemes BinaryBook, BigOption, and BinaryOnline the U.S...

August 10, 2019

#CyberScam Analysis – What we can learn from the Lee Elbaz trial for the analysis of other cyberscam organizations like E&G Bulgaria

The findings of the US authorities in the broker fraud case involving Yukom Communications and its now convicted CEO Lee Elbaz should help us to..

August 9, 2019

Announcement – FinTelegram 2.0, CyberSecurity Profilers, and how to intensify the fight against cyberscams

Having 18 months of intensive work behind FinTelegram uses the summer heat to further its fight for a safe online investment market. Hence, in another..

August 9, 2019

Lee Elbaz – the guilty verdict and its consequences for binary options scams, boiler rooms, and victims

The jury’s guilty verdict against the Israeli Lee Elbaz for binary options fraud will have a huge impact. Lee Elbaz was CEO of Israeli boiler..

August 7, 2019

Yukom Case – Justice works, binary options boiler room executive Lee Elbaz found guilty and was ordered to be taken into custody

According to Simona Weinglass of The Times of Israel, the trial against the Israeli Lee Elbaz, former CEO of the Israeli boiler room operator Yukom..

August 7, 2019

Lee Elbaz trial – juror dismissed after a strange incident

After the jury in the trial against Lee Elbaz continued to deliberate on Monday, a surprising event popped up on Tuesday. A juror had to..

July 31, 2019

Yukom Case – Lee Elbaz blames client-victims and justifies systematic lying

Lee Elbaz stood trial on Tuesday to tell the jury that she may have lied to clients about her name and her experience in financial..

July 29, 2019

Yukom Trial – How the f*cking money machine made boiler room operators rich at the expense of retail investors

Simona Weinglass of The Times of Israel published a summarizing article to the first week of the trial against the Israeli Lee Elbaz and thus..

July 23, 2019

Lee Elbaz Jury Trial Day 4 – former boiler room agent about SpotOption involvement, lies and client manipulations

The Yukom Case and Lee Elbaz jury trial continued on Monday. The prosecutors called the former Yukom employee, Liora Welles, as a witness. The Californian-born..

July 22, 2019

Broker scams and fund recovery – FinTelegram and EFRI arrived in Israel

At the end of last year, FinTelegram set up the European Funds Recovery Initiative (EFRI) together with the auditor Elfriede Sixt, other partners and with..

Gemini Trust Slapped with $5 Million Penalty for Misleading CFTC

The U.S. Commodity Futures Trading Commission (CFTC) has issued a $5 million fine to Gemini Trust Company LLC for making false or misleading statements during a 2017 bitcoin futures contract certification process. The order stems from the CFTC’s July 2, 2022, complaint against Gemini Trust. The case highlights the importance of truthfulness in regulatory disclosures.

Crypto Fraud Unveiled: Mosaic Exchange and CEO Hit with $1.1M Penalty for Crypto Scheme

The U.S. Commodity Futures Trading Commission (CFTC) has secured a $1.1M judgment against Mosaic Exchange Ltd. and its CEO, Sean Michael, for running a fraudulent digital asset scheme that targeted 18 victims globally. The judgment exposes their misuse of funds, false profit claims, and deceptive practices. The orders stem from the CFTC’s three-count fraud complaint filed Sept. 26, 2023.

Attention: The MoonPay Acquisition of Helio May Trigger a Merger and Take-Over Wave in the Crypto Space.

MoonPay, a leading U.S. crypto payments platform focused on high-risk sectors, has acquired Helio, a Solana-based blockchain payment processor, for $175 million, marking the start of what could be a series of strategic mergers in the digital asset space. This acquisition, MoonPay's largest to date, aims to enhance its payment infrastructure and expand its services in the rapidly evolving cryptocurrency payments sector.

Investor Briefing: The Bear in Crypto Town – Potential Crypto Sector Crash Analysis

The crypto market has entered a period of heightened volatility and uncertainty in recent weeks. Despite a brief recovery at the beginning of this week, the overall trend remains bearish, with Bitcoin and other major cryptocurrencies experiencing significant price fluctuations. As the Fed has been warned of a looming crisis, bitcoin and crypto traders are nervously watching for whether the combined crypto market will drop below the key $3.2 trillion level.

The Clock is Ticking for TikTok: Can the App Dodge a U.S. Ban?

The US is edging closer to a definitive ban on TikTok, the Chinese-owned social media app that has dominated global digital culture. Despite a surprising show of goodwill from incoming President Donald Trump, the odds on prediction markets like Polymarket suggest a 67% likelihood of a ban before May 2025. This looming threat raises urgent questions.