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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LeapRate Exclusive... LeapRate has learned via court filings made in Israel (see source below) that the country's highest court has rejected an appeal made against the new Binary Options ban legislation. As such, Israel's Binary Options ban law takes effect today, January 23, 2018, as planned. All Binary Options activity, from offering binary trades to…
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Israel TV news outlet Ten News (10.tv) has reported that investigators from the FBI's financial fraud unit have arrived in Israel, as part of their investigation of Lee Elbaz. Lee Elbaz was arrested in September in New York's JFK airport after arriving on a flight from Israel, and has been held since under house arrest…
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News sources in Israel, as well as certain blogs close to the Binary Options sector, are reporting that Israel's new Binary Options law has been challenged to the Israeli Supreme Court. The appeal has been brought by lawyers representing Yossi Herzog, the major shareholder in binary options group Yukom Communications Ltd which has operated a…
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