Yakov Cohen agrees to pay disgorgement of $7M to settle CFTC charges in binary options lawsuit
Yakov Cohen, one of the key figures in the binary options scam evolving around Yukom Communications, has agreed to settle CFTC charges.
Yakov Cohen, one of the key figures in the binary options scam evolving around Yukom Communications, has agreed to settle CFTC charges.
The CFTC has not yet placed evidence before the Court concerning the appropriate amount of disgorgement, restitution, or other monetary penalty.
The CFTC does not seek to modify or lift the stay of its action against fraudulent binary options scheme Yukom Communications.
The CFTC and Yakov Cohen have provided a status update to the Court making it lcear they do not seek lift of the stay.
The CFTC anticipates seeking additional evidence in its lawsuit against individuals and entities linked to Yukom Communications.
The case brought by the CFTC against fraudulent binary options scheme Yukom Communications remains stayed.
One of the founders of Yukom Communications Yakov Cohen pushes for a stay of the CFTC action against him.
The Court has axed the motion to dismiss by Yakov Cohen, one of the founders of Yukom Communications.