Binary Options Boss Convicted Of Role In $145M Fraud Scam

Law360 (August 7, 2019, 7:15 PM EDT) -- Israeli binary options executive Lee Elbaz was found guilty of wire fraud Wednesday for the part she played in a $145 million investment scam that targeted overseas investors.

After nearly three weeks of trial and several tumultuous days of deliberations, a Maryland federal jury convicted Elbaz on all the counts federal prosecutors had leveled against her for the yearslong plot.

Prosecutors charged the 38-year-old with three counts of wire fraud and one count of conspiracy to commit wire fraud for tricking investors into plugging millions into binary options — a type of investment that can function as a bet on the...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!