The Israeli Binary Options CEO

The Israeli Lee Elbaz was arrested by the FBI in September 2017 for charges of binary options fraud. The indictment alleges that the Israel-based Yukom Communications Ltd provided investor retention services for two websites, BinaryBook and BigOption, that were used to promote and market binary options fraudulently.

Lee Elbaz - an alleged binary option fraudster
Lee Elbaz – former CEO of Israeli Yukom Communication

Elbaz was the company’s CEO and allegedly participated for from approximately May 2014 through June 2017 in the fraudulent scheme. Yukum was owned and controlled by the Israeli Yossi Herzog who had been questioned by the FBI insisting that both he and Elbaz are innocent.