Several days before the scheduled sentencing of binary options fraudster Lee Elbaz, the Department of Justice asks to submit to the Court more victim statements
"The sentencing of Lee Elbaz is scheduled for December 9, 2019. The sentencing memorandum by the Government is sealed so there is no certainty on what sentence the US authorities are pushing for in this case. And yet, from previous DOJ filings with the Court, there are indications as to the approximate sentence the defendant is facing."
Struck plea bargain, testified against Yukom's Lee Elbaz US jails binary options fraudster, who then claimed to help victims, for a year As former Israeli immigrant Austin Smith prepares to serve his term, ex-legal counsel for Wealth Recovery International says she’s helping US authorities track down clients’ money Today, 4:04 pm
"Austin Smith, a binary options sales agent turned owner of a company that claimed to recover victims’ lost funds, has been sentenced to 12 months and a day in US federal prison.
Smith, 35, pleaded guilty last March to one count of conspiracy to commit wire fraud for his role in a $140 million fraud scheme carried out by the Israeli-run binary options websites BinaryBook.com and BigOption.com."
“Smith’s binary options co-conspirator, Shira Uzan, who also pleaded guilty and also testified at the Lee Elbaz trial, was sentenced on November 21 to four months in prison followed by three years of supervised release. Uzan is required to pay restitution of $1,819,595.”
So you only get 4 months of jail time in the land of the free for conning people out of a hefty $2 million. That’s some real allied stuff.
Despite her loud title of a CEO, Lee Elbaz was merely a boiler room manager. Her imprisonment won’t be much of a loss to Yossi’s and Kobi’s “business” who can easily find a replacement and continue touting their scams over the phone from third countries while walking free and enjoying their wealth in Israel.