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In The Courts

Maryland Jury Convicts Former CEO of Israeli Company for Role In $145 Million Binary Options Fraud

4 minute read September 01, 2019 at 12:03 AM
By
Juliet Gunev
In The Courts

Maryland Jury Convicts Former CEO of Israeli Company for Role In $145 Million Binary Options Fraud

Lee Elbaz, an Israeli citizen and former CEO of Israel-based company Yukom Communications (Yukom), has been found guilty following a three week jury trial in Maryland for her part in orchestrating a global scheme to defraud tens of thousands of investors via the fraudulent sale of $145 million worth of financial instruments known as "binary options."

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