Tag: Numaris

Broker scams are like icebergs. You can see only the tip sticking out of the water, i.e., domain, website, offshore entities, and nominees a/k/a monkeys. Underwater or in the darkness of the Internet, the real perpetrators and facilitators are hiding. These scam-facilitators are white label providers, the boiler room operators, marketing and affiliate systems, and the payment processors. In the case of the Yukom scam, these were the boiler rooms in Israel and Mauritius, mostly Israeli payment processors, and the white-label operator SpotOption, which provided the software and trading infrastructure.

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.

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.

The Israeli Yossi Herzog, who apparently lives in Mauritius, and his Israeli apprentice Kobi Cohen certainly had a better...

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.

The jury's guilty verdict against the Israeli Lee Elbaz for binary options fraud will have a huge impact. Lee...

Simona Weinglass of The Times of Israel published a summarizing article to the first week of the trial against...

The always well-informed FinanceFeeds today reported on the latest development in the Yukom Case. Accordingly, the U.S. government sees...

According to always well-informed FinanceFeeds, the U.S. Government is seeking a heavy prison sentence for Blake Kantor, who has...

On March 29, 2019, Robert Zink, Acting Chief of the Fraud Section of the U.S. Department of Justice (DOJ),...

https://youtu.be/4y2qv1cNbho It's a rather disgusting and disturbing documentation about how binary options artists defrauded retail investors. We suggest listening to...

The U.S. prosecutors have filed charges against two Israelis suspected of online investment fraud, one of whom, Austin...