US Govt opposes request by binary options fraudster Lee Elbaz for foreign depositions

Sourced from: https://financefeeds.com/us-govt-opposes-request-by-binary-options-fraudster-lee-elbaz-for-foreign-depositions/

The names of both Lee Elbaz and Yossi Herzog are associated in the past, since FinanceFeeds research has demonstrated. Herzog is the majority owner of Yukom Communications. Furthermore, Elbaz and Herzog have been famous for their work in 4XP.
Further, the Government asserts that it is unclear whether the deponents are not unavailable to testify at trial. Additionally, according to the US Authorities, it’s uncertain whether the suspect has shown that the proposed testimony is not material.

Let’s recall that Elbaz asks an Order permitting her to shoot videotaped depositions in Israel of Chanan Tabarko, Elad Bigelman, Nissim Alfasi, and Yossi Herzog so as to carry on the testimony of these people for trial. According to Elbaz, the interest of justice and unique circumstances service devoting her Motion.

FinanceFeeds –
As a first matter, the US Government says the defendant’s movement should be denied in seeking those depositions until two weeks before trial for the delay in the absence of a compelling justification in her ex parte entry. Elbaz was indicted over a year ago (at March 2018). The Government has not been made to some excuse for this delay.

The post US Govt opposes petition by binary options fraudster Lee Elbaz for overseas depositions appeared first on FinanceFeeds.

A few weeks after Lee Elbaz, also known as Lena Green, the former CEO of Israel-based Yukom Communications who stands accused of binary options fraud in america requested to depose certain individuals, the United States Government has registered its opposition to the petition.

The details about Elbaz’s motion to depose Herzog along with witnesses are not made public. The relevant files are sealed.
At the Maryland District Court, the US Government filed its resistance on May 8, 2019. The US authorities note that Elbaz’s memorandum in support of her motion was filed ex parte and under seal, so the Government cannot determine if the requisite showing has been made by Elbaz .

Elbaz was detained by the FBI at September 2017. The Indictment charges with one count of conspiracy to commit wire fraud and three counts of wire fraud. The Indictment alleges that Elbaz engaged for over three years (from roughly May 2014 and continuing through approximately June 2017) at a fraudulent scheme involving the sale and marketing of binary options — including as the Chief Executive Officer of both Yukom Communications. Yukom has been an Israel-based company that supplied sales and marketing and advertising solutions, such as investor”retention solutions,” for just two internet-based companies that sold and marketed binary options together with all the brand names BinaryBook and BigOption.

US authorities cast wider net in fight against binary options fraudsters

Sourced from: https://financefeeds.com/us-authorities-cast-wider-net-fight-binary-options-fraudsters/

Whereas the start of the trial against Lee Elbaz, the former CEO of Yukom Communications — provider of investor”retention” services for BinaryBook and BigOption, approaches, the amount of criminal cases related to these proceedings continues to grow.

The United States Department of Justice (DOJ) has released an update regarding Lee Elbaz’s case which continues in the Maryland District Court. Two additional associated cases have been registered in the District of Maryland. Both cases are pending before U.S. District Judge Theodore D. Chuang.

You can find at least three other cases related to the lawsuit against Lee Elbaz. Sentencing for defendant Mel was scheduled for June 17, 2019, at 2:00 PM. The situation against her proceeds in the Maryland District Court.
FinanceFeeds has got Court advice about Hadar along with Smith.

Lissa Mel was charged on November 16, 2018 by criminal information with one count of conspiracy to commit wire fraud. She had been formerly charged by complaint on September 13, 2018.
Arraignment was scheduled for March 14, 2019 at 9:30 am.
FinanceFeeds –

Arraignment has been scheduled for March 21, 2019 at 9:00 am.
From in or about November 2014 during or about August 2016, Hadar functioned as a sales agent for BigOption in Yukom.
From in or about August 2015 during or about January 2016, Smith worked as a sales agent or supervised BinaryBook agents at Numaris Communications. The latter was an Israel-based company that supplied sales and advertising services, including retention solutions for BinaryBook. Numaris co-ordinated its work with Yukom. In correspondence and other communications, Smith identified himself as an ‘specialist trader’ along with ‘senior agent ’ for BinaryBook.
The article US authorities cast wider net in fight against binary choices fraudsters appeared initially on FinanceFeeds.
According to the charges, Hadar and Smith conspired to commit offenses against the USA, to wit and cable fraud by way of materially false and fraudulent pretenses, representations and guarantees.  This was the intention behind the conspiracy for Hadar along with Smith and other agents of Yukom, Numaris, BinaryBook, BigOption and other entities to get maximum deposit from investors and to take steps to make certain that investors lost money in their accounts — consequently making cash for themselves and their brands from the procedure.

Lissa Mel is the Israeli citizen who’s alleged to have participated in a conspiracy to commit wire fraud in connection with the sale and advertising of binary choices. The conspiracy concerns two binary choices brands — BinaryBook and BigOption. There are lots of types of misrepresentations made by representatives of these”brokers” to investors, including misrepresentations regarding the suitability of binary choices because investments, as the deceptive use of”bonuses” and misrepresentations regarding the titles, location and qualification of agents”helping” traders. The Government has declared that this conspiracy resulted in more than 80 million in losses .

The criminal complaint from Lissa Mel, aka”Monica Sanders”, alleges she engaged in the conspiracy at least in or around May 2015 through at least May 2016.