Sep 20, · Exclusive: Israeli Binary options fraudster Lee Elbaz arrested in America, faces 20 years in jail Israeli binary options fraudster Lee Elbaz of BinaryBook, a brand of Yukom, is to appear before US magistrates today at 11,00am, facing a 20 year jail . May 12, · FBI arrests Israeli binary options CEO as she disembarks El Al flight at JFK Alleged fraudster Lee Elbaz under house arrest in US, faces up to . Binary Options Fraudster Lee Elbaz Appeals $28 Million Restitution Order 08/25/ lee elbaz, lee elbaz restituti After being ordered by Judge Theodore D. Chuang of the Maryland District Court to pay restitution of $28 million to victims of the binary options scam she helped orchestrate, Lee Elbaz has recently appealed the judgement.
US jails Israeli binary options crook Lee Elbaz for 22 years; must repay $28m | The Times of Israel
US District Judge Theodore Chuang told Elbaz, 38, that her actions cost vulnerable investors their life savings, homes and even their marriages.
The government has 90 days to find more binary options lee elbaz, which may raise the restitution amount. Elbaz, who has been in jail since her conviction in August, was brought to the court in an orange jumpsuit. She sobbed intermittently throughout the hearing, and grasped the arm of one of her attorneys as the judge announced the sentence.
She is one of 21 indicted defendants who worked for Yukom, which operated the websites BigOption and BinaryBook, and was the first to be tried. All but Mel testified at the Elbaz trial on behalf of the prosecution, saying that Elbaz instructed them to lie to investors in order to get them to deposit as much money as possible, and to do everything possible to prevent them from withdrawing their funds.
Fifteen additional defendants were indicted in November. Ronen Roytman, the head of Numaris Communication, entered a non-prosecution agreement with the US government. An email instructed BinaryBook sales representatives to target retirees, Social Security recipients, pension holders and veterans binary options lee elbaz clients, according to court filings accompanying guilty pleas by former employees. Justice Department prosecutor Henry Van Dyck said most of the victims lost everything they invested.
He said that videos from inside Yukom showed that employees enjoyed their work, and that Elbaz fostered a work environment where it was fun to defraud investors. He also borrowed 30, for his investment and afterwards had to refinance his home.
The judge said that Elbaz and others specifically targeted vulnerable people, including the elderly, and tried to get people addicted to trading like in a casino. He said that Elbaz would suggest that clients use their retirement funds for investments.
Herzog and Cohen, who have both been indicted, are still at large. Pollack had asked for a sentence of five years in prison binary options lee elbaz his client. Many of the fraudulent operatives have since moved their operations abroad, or switched to other scams, binary options lee elbaz, though Israeli law-enforcement authorities have proved unwilling or unable to prosecute more than a handful of alleged offenders. By contrast, the US government is ratcheting up efforts to bring Israeli offenders to justice.
Make the year you understand Israel and the Jewish world much better with a Times of Israel Community membership, binary options lee elbaz. So now we have a request. But as the journalism we do is costly, we invite readers for whom The Times of Israel has become important to help support our work by joining The Times of Israel Community. Lee Elbaz, an Israeli woman convicted in August for binary options fraud, binary options lee elbaz, enters the Greenbelt, Maryland courthouse on July 25, Binary options lee elbaz Learn more about Israel and the Jewish World.
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, time: 11:01Lee Elbaz, The G-Men Are Coming To Get You
Aug 10, · Judge Theodore D. Chuang of the Maryland District Court has determined that binary options fraudster Lee Elbaz, a/k/a Lena Green, will have to pay restitution of $28 million to victims of the scam. The order, seen by FinanceFeeds, was issued on August 7, A year ago, Lee Elbaz was convicted of one count of conspiracy to commit wire fraud, in violation of 18 U.S.C. § , and three . Aug 25, · After being ordered by Judge Theodore D. Chuang of the Maryland District Court to pay restitution of $28 million to victims of the binary options scam she helped orchestrate, Lee Elbaz has recently appealed the judgement. According to court documents seen by Finance Magnates and filed on Monday 24th August, Lee Elbaz, also known as Lena Green, has appealed to the Fourth Circuit Court . Sep 20, · Exclusive: Israeli Binary options fraudster Lee Elbaz arrested in America, faces 20 years in jail Israeli binary options fraudster Lee Elbaz of BinaryBook, a brand of Yukom, is to appear before US magistrates today at 11,00am, facing a 20 year jail .
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