Yukom Lee Elbaz— Alleged Binary Options Fraud

Israeli Binary Options CEO Lee Elbaz Arrested by at JFK International; Elbaz Allegedly Defrauded Investors out of Millions of Dollars

Lee Elbaz, 36 and the CEO of Yukom Communications Ltd., recently boarded a New York-bound plane from Tel Aviv on September 14 and was subsequently arrested by the FBI at JFK International on suspicions of running an alleged binary options fraud scheme, according to reports from New York and the FBI currently under review by attorneys Alan Rosca and James Booker.

Investors who believe they may have lost money in activity related to Lee Elbaz’s alleged binary options scheme are encouraged to contact attorneys Alan Rosca or James Booker with any useful information or for a free, no obligation discussion about their options.

The Peiffer Rosca Wolf securities lawyers are currently investigating Lee Elbaz’s alleged binary options scheme.

The FBI has reportedly accused Elbaz of wire fraud and charged with wire fraud conspiracy, counts which come with a potential maximum 20 years in prison, according to the aforementioned reports.

Elbaz is the CEO of Yukom Communications Ltd., which runs the Bigoption.com and Binarybook.com websites, operations which have allegedly defrauded thousands of investors, including American citizens, out of tens of millions of dollars, said reports note.

Elbaz, as an operator of Eagle Option and Binary Book in Israel, allegedly ran companies illicitly which purportedly targeted clients in the US without having the appropriate license, the reports state.

Binary options is a huge, largely allegedly fraudulent Israel-based industry which has flown under the radar of  Israeli law enforcement for the last ten years, but recently caught the eye of FBI announced in February when it reportedly opened an investigation, the reports note.

Elbaz Released into the Custody of Her Aunt Living in the U.S. after Posting a $1.8 Million Bail; Elbaz Currently under House Arrest until Her Trial and Banned from Binary Options Activity

Lee Elbaz has subsequently  been set free into the custody of her aunt residing in the United States after her relative posted $1.8 million in bail, according to the aforementioned reports being analyzed by attorneys Alan Rosca and James Booker.

Elbaz is under house arrest until the commencement of her trial and is presently banned from taking part in binary options activity or to contact any witnesses, alleged co-conspirators or victims, the reports note. Finally, each of the two charges allegedly facing Elbaz carry up to 20 years in prison, the reports note.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of investment-related fraud or misconduct and are currently investigating Lee Elbaz’s alleged binary options scheme. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of Lee Elbaz’s alleged binary options scheme  may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520 or via e-mail at arosca@prwlegal.com or jbooker@prwlegal.com.

Alan Rosca (1234 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.