[vc_row][vc_column width=”2/3″][vc_custom_heading text=”Lee Elbaz”][vc_column_text]The Israeli Lee Elbaz was arrested by the FBI in September 2017 for charges of binary options fraud. The indictment alleged 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.

In August 2019, a jury found her guilty of investment fraud. In December 2019, Elbaz was sentenced to a 22-year prison term and a $28 million restitution payment.

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 and his partner Kobi Cohen. the U.S. Government indicted both with charges of investment fraud. They are currently at large.[/vc_column_text][/vc_column][vc_column width=”1/3″][vc_single_image image=”11856″ alignment=”center” style=”vc_box_shadow_3d”][vc_btn title=”Read more on FinTelegram” color=”warning” size=”lg” align=”center” button_block=”true” link=”url:https%3A%2F%2Ffintelegram.news%2Ftag%2Flee-elbaz|||”][/vc_column][/vc_row]