Yukom / Lee Elbaz— Alleged Binary Options Trading Fraud

Cleveland stockbroker fraud lawyerLee Elbaz, a.k.a. Lena Green, the CEO of Yukom and the operator of BinaryBook in Israel, Allegedly Operated a Fraudulent Binary Options Scheme; Elbaz’s Case Has

Lee Elbaz, a.k.a. Lena Green, the CEO of Yukom, and the operator of BinaryBook in Israel, allegedly operated a fraudulent binary options scheme and was recently arrested by the FBI at  New York’s JFK airport in New York on September 14 upon arrival, according to legal records in New York 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 Israeli Binary Options Industry Allegedly Has a Turnover of Millions of Dollars and Involves Thousands of Workers

Reports from Israel describe binary options as an industry with a turnover of hundreds of millions of dollars and involving thousands of workers, and is allegedly taking money from loads would-be investors worldwide with a range of corrupt practices, according to a series of reports from the Times of Israel presently being analyzed by attorneys Alan Rosca and James Booker.

The reports detail how salesman allegedly call people from around the world and purportedly convince  them to “invest” in a supposed financial product called “binary options” and then the clients are allegedly given encouragement to make a deposit and to send money to the firms which would then be used that money to make so-called “trades”.

Next, clients would then allegedly try to make a decision whether a currency or commodity would increase or lose value on international markets within a certain, limited period of time, according to reports from the Times of Israel.

If the clients had made proper predictions, then they won money, from 30 to 80 percent of the sum they had put down, but if they had allegedly guessed wrong, they would have to give up all the money they had put down on that “trade”, and that the more clients allegedly placed down, the nearer they came to going bust, said 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 (1214 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.