At the time of the verdict, the court did not order restitution but allowed the government leave to gather evidence and determine the amount. In addition to the Spot Option database which the government exclusively relied for information on the fraudulent activities, it now added declaration of Michael J. Petron, a certified public accountant and…
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More than six months after she was arrested and placed under house arrest after disembarking a plane from Tel Aviv to New York at JFK airport, former Binary Options executive Lee Elbaz is now formally facing an indictment. The U.S. Department of Justice has announced that Ms. Elbaz, the former CEO of Israel-based company Yukom…
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After we reported last week that the FBI had sent investigators to Israel as part of their ongoing fraud investigation of Lee Elbaz, former CEO of several Binary Options broker brands, Israel business news website TheMarker has reported that those FBI investigators last week raided the offices of leading Binary Options platform provider SpotOption. Lee Elbaz…
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Continuing its string of warnings against unregulated brokers and other scams targeting retail traders in Canada, Canadian securities regulator the British Columbia Securities Commission (BCSC) has added to its Investment Caution List binary broker BinaryBook at website binarybook.com, owned and operated by Tech SB Ltd. According to the BCSC, BinaryBook claims to be a binary options…
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