Binary Options Boss Defends Lying To Clients In $145M Fraud

By Anne Cullen (July 30, 2019, 9:32 PM EDT) -- An Israeli binary options executive on trial for her alleged role in a $145 million investment scam took the stand Tuesday to tell a Maryland federal jury that she may have lied to clients about her name and her experience in financial markets, but she never misled investors about the financial product.

Lee Elbaz, a 38-year-old Israeli national, faces charges that she tricked investors into plugging millions into binary options — a type of investment that can function as a bet on the price of stocks — during the two years she spent rising the ranks of sales and marketing company Yukom...

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