August 8, 2019
was found guilty of orchestrating a scheme to defraud U.S. investors, wrongfully obtaining $145 million
in investor funds. Yukom Communications, Ltd.
, with Elbaz as the CEO, used the websites BinaryBook and BigOption to market "binary options" to investors. Elbaz and Yukom falsely claimed to represent the interests of investors when, in fact, they profited when investors lost money, and made false statements about binary option suitability and expected returns, their identity and qualifications, and the ability of investors to withdraw funds. Elbaz will be sentenced in December, 2019. DOJ