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Tag: Lee Elbaz

July 19, 2019

Yukom Trial – about boiler room vampires and systematic lies to investors

On the second day of the Lee Elbaz trial former Yukom employee Shira Uzan took the stand and told the jury that Elbaz coached her on how to lie to investors to bring in more cash.

July 16, 2019

Yukom Case – Lee Elbaz trial starts today on charges for $150 million binary options fraud

As scheduled, the Israeli Lee Elbaz, former chief executive of binary options boiler room operator Yukom Communication goes on trial today in the U.S. charged..

July 13, 2019

Yukom Case – in latest Pre-Trial decision court refused to grant immunity to Yossi Herzog

Maria Nikolova of FinanceFeeds reported yesterday that Judge Theodore D. Chuang of the Maryland District Court has denied a motion by Lee Elbaz, the former..

July 9, 2019

Yukom Case – Victims allegedly lost $113 million with BinaryBook and BigOption

The binary options court season will open next week. The largest binary options fraud case to date to be brought to trial begins on July..

July 4, 2019

Yukom Case – US Prosecutors want Lee Elbaz to produce compliance documents for brand operator WSB Investment (for download here)

According to an update on the Yukom court case provided by FinanceFeed, the U.S. prosecutors filed a Motion to Compel on July 2019, asking the..

June 27, 2019

Binary Options fraud – Y Trading operator pleaded guilty, faces up to 40 years in prison

The operator of the illegal binary options scheme Y Trading, Yehuda Belsky also known as “Jay Bell”, pleaded guilty to one count of securities fraud,..

June 26, 2019

Yukom Case – U.S. Prosecutors see no reason to provide Yossi Herzog with Use Immunity

The always well-informed FinanceFeeds today reported on the latest development in the Yukom Case. Accordingly, the U.S. government sees no reason why the court should..

June 21, 2019

BinaryBook and Yukom – background information, people, and companies

The major criminal case in the US against the binary options fraudsters and their accomplices begins on July 16, 2019, with the trial against Lee..

June 19, 2019

Yukom Case – Background information on BinaryBook, Yukom and the lawsuit

Lawsuit and Winding-Up Richard Howlett of London-based law firm Selachii LLP represented BinaryBook investors. He was approached in 2015 by a US client who said..

June 18, 2019

Yukom Case – Owner of binary options firm Yossi Herzog indicted, no longer willing to testify without immunity

FinTelegram reported yesterday that the indictment filed by the U.S. prosecutors in the binary options fraud case involving Israeli Yukom Communications and its platforms BinaryBook..

June 17, 2019

Breaking News – 12 more Israeli indicted in the Yukom binary options case

TheTimes of Israel journalist Simona Weinglass today reported that U.S. prosecutors indicted 12 more alleged Israeli binary options perpetrator, all of them associated with the..

June 1, 2019

‘BlueBitBanc’ Binary Options & Crypto scheme – US Government and Regulators seek drastic punishment

In November 2018, Blake Kantor (also known as “Bill Gordon“), the perpetrator behind a binary options and cryptocurrency scheme known as Blue Bit Banc (“BBB”),..

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.