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DOJ to hold binary options fraudster Lee Elbaz liable for $140.3m in losses
Binary options fraudster Lee Elbaz, the former CEO of Israel-based Yukom Communications who was found guilty on four counts in August, now awaits her sentencing. In the meantime, as the Department of Justice prepares its sentencing memorandum in this case, it has filed documents related to restitution. As per the documents, submitted at the Maryland District Court on November 7, 2019, the United States government has calculated total victim losses and restitution owed in this case as $140,318,619. As the government set out in its prior filing, the government submits that the appropriate structure for restitution in ... (full story)