201710.04
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Yukom / Lee Elbaz— Alleged Binary Options Fraud

Lee Elbaz Allegedly and Other Yukom Employees Allegedly Made False or Misleading Statements Regarding the Safety of Binary Options Investments and of Purported High Returns

Lee Elbaz and other Yukom employees allegedly made false or misleading statements regarding the safety of binary options investments, of falsely promising high returns, and of allegedly telling investors they would be able to withdraw money when that was purportedly  untrue, according to an affidavit provided along with the court case for the arrest of Lee Elbaz currently under review by attorneys Alan Rosca and James Booker.

Investors who believe they may have lost money in activity related to Lee Elbaz’s alleged binary options scheme are encouraged to contact attorneys Alan Rosca or James Booker with any useful information or for a free, no obligation discussion about their options.

The Peiffer Rosca Wolf securities lawyers are currently investigating Lee Elbaz’s alleged binary options scheme.

Elbaz, who is the CEO of Yukom Communications Ltd., which operates the Bigoption.com and Binarybook.com websites, also allegedly lied about the real location and qualifications of so-called “brokers” helping victims, and of failing to properly disclose that binary options brands and brokers purportedly only make money when investors lose their cash, according to the aforementioned affidavit.

Elbaz also allegedly failed to issue statements disclosing that her company was allegedly conspiring with another company named SpotOption to purportedly manipulate the outcomes of trades, the affidavit states.

Up to Eighteen BigOption Clients Allegedly Complained of being Solicited to Make Deposits of Nearly $143,000; Google Allegedly Gave the FBI Confidential E-mails between SpotOption, a Binary Options Technology Provider, and its Client, Brokerage BinaryBookHands

The aforementioned affidavit allegedly reveals the size of the operations of only two allegedly involved and unregulated brands that had allegedly violated US law including eighteen clients of BigOption who purportedly complained of being solicited to deposit nearly $143,000, according to data collected by the FBI presently being reviewed by attorneys Alan Rosca and James Booker.

What is more, between the second quarter of 2014 and the fourth quarter of 2016, BinaryBook allegedly received $98.9 worth of deposits between the second quarter of 2014 and the fourth quarter of 2016, according to FBI data.

Finally, it’s interesting to note that Google allegedly gave confidential emails to the FBI which were between binary options technology provider SpotOption and its client, brokerage BinaryBook, the FBI data reports.

Said information is allegedly inside court documents related to the arrest of Lee Elbaz and the cooperation between Google sends a warning to numerous industry insiders who may or may not have been involved in accepting client deposits from the US, according to reports surrounding the case.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of investment-related fraud or misconduct and are currently investigating Lee Elbaz’s alleged binary options scheme. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of Lee Elbaz’s alleged binary options scheme  may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520 or via e-mail at arosca@prwlegal.com or jbooker@prwlegal.com.