US requests extradition of 6 additional Yukom binary options fraud suspects
The group arrested in Israel were named as Uri Maimon, Nissim Alfasi, Afik Tori, Oron Montgomery, Dave Barzilai and Gilad Mazogi.
The group arrested in Israel were named as Uri Maimon, Nissim Alfasi, Afik Tori, Oron Montgomery, Dave Barzilai and Gilad Mazogi.
Spot Option is liable for disgorgement of $56,460,888.04 and a civil monetary penalty in the amount of $66,298,176.
However Aviv Talmor is not heading to jail quite yet. His sentence was suspended for four months, to give time for an appeal.
The petition by binary options fraudster Lee Elbaz for rehearing en banc was circulated to the full court and denied.
Binary options fraudster Lee Elbaz challenges Appeals Court ruling by filing her second petition for rehearing en banc.
The conviction and sentence of binary options fraudster Lee Elbaz were affirmed except for the restitution order.
Judge Paula Xinis of the Maryland District Court has ordered BigOption brand manager Elad Bigelman to pay $3.8m in restitution.
Arie Bos, co-founder of Berkley Capital Management, will have to pay a civil monetary penalty in the amount of $500,000.
Lee Elbaz was convicted of conspiracy and substantive wire-fraud offenses for her role in an international binary options fraud scheme.
Aviv Talmor was convicted of fraud, theft, money laundering, and managing investment portfolios without a license.