Yukom Binary Options Trial – Israeli Boiler Room CEO Lee Elbaz sentenced to
In the sentencing, the US Judge Theodore D. Chuang says Lee Elbaz, the former CEO of the Israeli binary options scam operator Yukom Communications Ltd, was responsible for the targeting of elderly, vulnerable victims in the $140 million fraud. Yukom operated the boiler rooms behind the binary options scheme BinaryBook and BigOption. Elbaz, in turn, pointed her finger at her former principals, the Israeli Yossi Herzog and Kobi Cohen. Elbaz's defense line worked at least to a certain degree. She wasn't gieven the 34-year prison term the prosecutor asked the court for.
EU Groundhog Day – Bulgarian court again adjourned decision on Gal Barak extradition while U.S. courts aggressively go for his former partners!
Today another trial took place in Sofia, Bulgarian. Again, the Austrian authorities' request for the extradition of the Israeli citizen Gal Barak, who lives in Sofia, was to be decided. Again, the decision was adjourned. Scheduled for 21 October 2019 now.
Moorwand Payment Scheme – Copenhagen Andelskasse charged with money laundering
The Danish Copenhagen Andelskasse (KBH Andelskasse), under the influence of Moorwand Ltd and its beneficial owners Alain Bazille, Robert Cortneidge, and Wael Almaree, is being charged with money laundering. FinTelegram has spoken with the responsible prosecutor in Denmark who confirmed the money laundering case.